China’s Property Market Crisis Leaves Malaysian Megaproject in Doubt

1 year ago
9
News billions of dollars in losses Construction Industry construction sky scrappers World bank IMF growing concerns over the financial stability City project in Malaysia is safe. financial stability of its largest backe $100 billion development on Malaysia’s coast

The future of a $100 billion development on Malaysia’s coast is in doubt due to growing concerns over the financial stability of its largest backer, c. The property giant has reported billions of dollars in losses — but insists that its showpiece Forest City project in Malaysia is safe.

Credits: VOA (Voice of America)

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