Asian Insider

Johor pins hopes on border reopening to ease property overhang

Forest City is among the hardest-hit property developments in the state. PHOTO: AFP
New: Gift this subscriber-only story to your friends and family

ISKANDAR PUTERI - The mammoth Forest City development is impressive – its skyscrapers can be seen five kilometres away, rising from a man-made island off Malaysia’s southern state of Johor, north of Singapore.

It has struggled over the past few years, however. It targets foreign buyers, in particular investors from China, and with borders closed during the Covid-19 pandemic, they could not come.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.