🏙️ Forest City, Malaysia: A $100 Billion Eco-Luxury Megaproject
Forest City, launched in 2014 off the coast of Johor, Malaysia, is one of the most ambitious green urban developments in the world. A joint venture with Country Garden, China's largest developer, this $100 billion project is part of China’s Belt and Road Initiative. Forest City spans 3,425 acres across four man-made islands, designed to be a futuristic, eco-friendly metropolis, with an expected completion date of 2035. 🌍🌿
Pitched as a "jade carved out of the ocean," Forest City embodies advanced 3D multi-layered urban planning, prioritizing sustainability. With vehicles relegated to underground roads to reduce air pollution, low energy consumption systems, and rainwater recycling, this development aims to balance luxury living with environmental responsibility. 🌱🚗
Phase 1 of Forest City includes a transportation hub, luxury hotels, waterfront apartments, a clubhouse, and even an international school. The city is set to offer a future of seaside bungalows, vertical greenery, and a landscape where green spaces blend into the built environment. Forest City aims to house over 700,000 residents, promising an idyllic lifestyle with international shopping hubs, premium hospitals, and world-class amenities. 🏙️🏝️
However, like many megaprojects, Forest City has faced substantial challenges. Political tensions between Malaysia and China over China’s aggressive expansion have resulted in delays and cost escalations. Of particular concern is the fact that 80% of the buyers are Chinese, which has led to complaints that local Malaysians are being priced out. Additionally, the exclusive use of Mandarin in signage and schools has only deepened concerns. 🛑💸
Currently, fewer than 5,000 units have been sold, leaving the city far from its target. Construction delays, political friction, and an uncertain future have caused significant cost overruns and profit losses for the developer. Forest City, once a dream of urban utopia, now faces serious obstacles to achieving its vision. ⏳💼
#ForestCity #GreenUrbanism #MegaprojectChallenges #SustainableCities #ProjectConsulting #EcoLuxury #BeltAndRoad
Head of Creative Sourcing & Purchasing - The Senator Group
2moWhat a fantastic building