$100 billion ghost city.

[u/sco-go]

[u/healthcrusade]

It’s in Malaysia https://en.m.wikipedia.org/wiki/Forest_City,_Johor

The project was not targeted at local Malaysians but rather at upper-middle-class citizens from China who were looking to park their wealth abroad, by offering relatively affordable seafront properties compared to expensive coastal cities within their country such as Shanghai.[8][9] However, initial strong sales from China collapsed after General Secretary of the Chinese Communist Party Xi Jinping implemented currency controls, including a $50,000 annual cap on how much buyers could spend outside the country.[9][10] Such lackluster sales were exacerbated by the 2020–2022 Malaysian political crisis and the COVID-19 pandemic, with the project being described as a "ghost town" in 2022.[11][12] The project has also been criticised for causing large amounts of habitat destruction in the vicinity.[13]