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Johor pins hopes on border reopening to ease property overhang
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Forest City is among the hardest-hit property developments in the state.
PHOTO: AFP
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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.
