QUOTE(flight @ Aug 28 2018, 10:46 AM)
That place was an empty sea. U think an empty sea benefits anyone? U put in 1 million people there. U see how much food they need. Teachers,, schools, hospitals.
To build that thing u need factories, labour, land. So many things can benefit the country. This is a political move.
Banning foreigners is a very stupid move. Why not ban foreigners from buying mont kiara?
Editt: if forest city becomes successful, i can imagine locals wanting to buy there, but if its a wasteland nobody will buy it, u ban foreigners from buying it and the development will slow down tremendously.
Well, I never said it is a good move to ban foreigners. What I mean it is, its a grand and yet super risky project since the very beginning. It mean to target solely on investment from Foreigners. That's fine but consider with this scale, 1 million of foreigners? (FYI Penang population is 1.767 million).
They change their marketing strategy few times since the project launch due to the political changes around China and Malaysia. Based on the latest ad they put on, I believe it's they try to market it as a vacation home and retirement paradise for Chinese buyers.
You don't expect a vacation home and retirement paradise to spur the economic around in the short period of time but the main problem here is sustainability. Already a lot of example in China, during construction phase, YES! High GDP, economy growth, more factories, more labors.
But what comes after that? If there isn't any population around to sustain the business down there.
Comparing to Mont Kiara isn't ideal, its success story based on a natural growth of demands and supply. It's also very near to Kuala Lumpur. Forest City, it's more like a "brute force" development project in every aspect.
"Built it and they will come" they said, but too many question to be asked, too many question left unanswered. We will see, as most of the high rises going to VP around 2019/2020, until it is sustainable, it will just be a dream too good to be true.