Johor's Forest City faces critical challenges:
The Forest City project in Johor, Malaysia is part of a larger plan to elevate Johor to development success, similar to Shenzhen's evolution from Hong Kong's backwaters to being a modern metropolis. However the project was embroiled in controversy from the beginning. The mixed development...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Singapore
ISEAS?Yusof Ishak Institute
2017
|
| Schriftenreihe: | Trends in Southeast Asia
2017 no. 13 |
| Schlagworte: | |
| Online-Zugang: | BSB01 UBG01 Cambridge University Press |
| Zusammenfassung: | The Forest City project in Johor, Malaysia is part of a larger plan to elevate Johor to development success, similar to Shenzhen's evolution from Hong Kong's backwaters to being a modern metropolis. However the project was embroiled in controversy from the beginning. The mixed development was meant to create sustainable homes, recreational areas, schools and business infrastructure that would house about 700,000 people, generate annual revenues of about RM30 million for the state, and create more than 60,000 jobs, including a substantial number for locals through a quota. Sudden capital controls imposed by China on its citizens in early 2017 put a spanner in the works. Middle-class Chinese struggling to afford homes in China's big cities were Forest City's prime clientele and the new regulations preventing the transfer of funds for property purchase and the use of credit cards for investment transactions have brought future sales and the completion of signed commitments into question. Forest City will now have to focus on other markets in order to meet its sales targets. While the project has its merits, the economic benefits might be overstated as a number of socio-economic and environmental impacts have not been fully taken into account |
| Beschreibung: | 1 online resource (37 pages) |
| ISBN: | 9789814786249 9814786241 |
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| id | DE-604.BV045569915 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T08:21:47Z |
| institution | BVB |
| isbn | 9789814786249 9814786241 |
| language | English |
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| publishDate | 2017 |
| publishDateSearch | 2017 |
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| publisher | ISEAS?Yusof Ishak Institute |
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| series2 | Trends in Southeast Asia |
| spelling | Rahman, Serina ca. 20./21. Jh. Verfasser (DE-588)1141178273 aut Johor's Forest City faces critical challenges Serina Rahman Singapore ISEAS?Yusof Ishak Institute 2017 1 online resource (37 pages) txt rdacontent c rdamedia cr rdacarrier Trends in Southeast Asia 2017 no. 13 The Forest City project in Johor, Malaysia is part of a larger plan to elevate Johor to development success, similar to Shenzhen's evolution from Hong Kong's backwaters to being a modern metropolis. However the project was embroiled in controversy from the beginning. The mixed development was meant to create sustainable homes, recreational areas, schools and business infrastructure that would house about 700,000 people, generate annual revenues of about RM30 million for the state, and create more than 60,000 jobs, including a substantial number for locals through a quota. Sudden capital controls imposed by China on its citizens in early 2017 put a spanner in the works. Middle-class Chinese struggling to afford homes in China's big cities were Forest City's prime clientele and the new regulations preventing the transfer of funds for property purchase and the use of credit cards for investment transactions have brought future sales and the completion of signed commitments into question. Forest City will now have to focus on other markets in order to meet its sales targets. While the project has its merits, the economic benefits might be overstated as a number of socio-economic and environmental impacts have not been fully taken into account Investments, Chinese / Malaysia / Johor Investments, Foreign / Malaysia / Johor Real estate development / Malaysia / Joho Johor (Malaysia) / Economic conditions Electronic books Erscheint auch als Druck-Ausgabe, hardback Erscheint auch als Druck-Ausgabe, paperback https://www.cambridge.org/core/product/identifier/9789814786249/type/BOOK Verlag URL des Erstveröffentlichers Cambridge University Press |
| spellingShingle | Rahman, Serina ca. 20./21. Jh Johor's Forest City faces critical challenges |
| title | Johor's Forest City faces critical challenges |
| title_auth | Johor's Forest City faces critical challenges |
| title_exact_search | Johor's Forest City faces critical challenges |
| title_full | Johor's Forest City faces critical challenges Serina Rahman |
| title_fullStr | Johor's Forest City faces critical challenges Serina Rahman |
| title_full_unstemmed | Johor's Forest City faces critical challenges Serina Rahman |
| title_short | Johor's Forest City faces critical challenges |
| title_sort | johor s forest city faces critical challenges |
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