Set to be “Malaysia’s Shenzhen”, the colossal Malaysia property project Iskandar perseveres in high hopes on its 11th year.
The mega Malaysia property investment started in 2006, costing billions upon billions of dollars. The Malaysian government envisions Iskandar to uplift economies of both Malaysia and Singapore through developing southern Malaysia into a steady and flourishing metropolis by 2025.
As of May 2017, Straits Times reports that the current population in the area is around 1.8 million. Both local and foreign investors have also flocked the area for businesses and developments which, in turn, opened an estimated 702, 000 jobs.
One of the biggest Iskandar Malaysia property developments is Forest City by Chinese Developer Country Garden Group in partnership with Malaysia property developer Esplanade Danga 88 Sdn Bhd. It has an estimated gross development worth RM 450 billion and is expected to be completed in 2035. If you take a closer look, this megacity has unmatched potential.
Forest City takes the meaning of sustainability and development to an entirely new level of eloquence. The city will stand on 3, 425 acres of reclaimed land divided into four major islands. Living and working here every day will mean fresh salty air and calming sea views.
Phase 1 of the mega development will include building the basic needs people need in an area: Transport hubs, man-made beaches, malls, hotels, apartments, houses, and schools.
Another much-awaited feature of this modern city is its multi-layered concept. Supposedly, there will be minimal in-roads that private vehicles can travel on and large underground parking areas to lessen pollution. If Forest city achieves this, it can set a spark to the revolution of the world’s traffic and pollution problems.
Buildings and properties here will be adorned with vertical greeneries and gardens on various floors. This is what will truly make it look like a Forest city. With nature surrounding the metropolis, it will surely be a comfortable home to many people.
While Iskandar is currently experiencing some investment drawbacks, as most do, rest assured that this mega development won’t disappoint when it is finished.
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