Is China Building a Ghost City on Malaysian Islands?

Is China Building a Ghost City on Malaysian Islands?
- Middle-class Chinese unable to afford residential investment properties in these desirable cities have traditionally looked internationally, to places like Vancouver and Sydney. In recent years, those cities, too, have become more expensive, pricing out buyers with smaller nest eggs. Today, in what Bloomberg calls the “world’s biggest real estate frenzy,” middle-class Chinese are buying apartments and homes in lower-priced areas, such as Houston, Orlando, Thailand’s Pattaya Beach (a resort area south of Bangkok), and Malaysia’s Johor Bahru, which sits just north of Singapore in a special economic zone.


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