Exploring the World's Largest $100 Billion Failed Ghost City (why did nobody move here?)
A video on YouTube. In Travel, a Krater category.
Watch on YouTubeSummary by Krater
The creators visit Forest City in Malaysia, a multi-billion dollar abandoned development known as a ghost town, and explore the empty high rises, malls, and villas while meeting a local resident.
From the video
Answers: What is it like inside Forest City, the abandoned ghost town in Malaysia?
- abandoned real estate development
- ghost towns
- urban exploration
- city planning
What it concludes
- Forest City is an empty, multi-billion dollar development with massive outstanding debt and few permanent residents.
- Property developers and local governments in China drove a real estate boom that eventually led to a massive market bubble.
- Forest City became stuck in limbo due to government restrictions on foreign investing and credit access for developers.
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