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What happens to Malay $100 billion forest city?

Viet

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Is it really a ghost town or the future still lies ahead?

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Mista

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That's some HK-levels of housing density. Tall buildings side by side, blocking sunlight and airflow in the area.

I find it amusing that Malaysia with so much empty land had to reclaim a new island off the western coast of Singapore and cram together so many luxury apartments, while not too far from the border Singapore with limited land is actually building a new town of public housing with lower density lol.


 
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epebble

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Is it really a ghost town or the future still lies ahead?

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Malaysia invests considerable amount of public funds to start strategic industries. They started a car company Proton and a chip company Silterra in the nineties. I think both of them are now owned by Chinese companies.

 

Song Hong

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View attachment 900167 View attachment 900168

That's some HK-levels of housing density. Tall buildings side by side, blocking sunlight and airflow in the area.

I find it amusing that Malaysia with so much empty land had to reclaim a new island off the western coast of Singapore and cram together so many luxury apartments, while not too far from the border Singapore with limited land is actually building a new town of public housing with lower density lol.




This forest city is quite well build out currently and not particularly dense. And in terms of ultra high population density -- I guess why not look South at Singapore. And Singapore elites is planning 10 millions on and Island of 700 sqkm.




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Viet

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View attachment 900167 View attachment 900168

That's some HK-levels of housing density. Tall buildings side by side, blocking sunlight and airflow in the area.

I find it amusing that Malaysia with so much empty land had to reclaim a new island off the western coast of Singapore and cram together so many luxury apartments, while not too far from the border Singapore with limited land is actually building a new town of public housing with lower density lol.


The Malays and Qatari are rich. One builds the city for $100 billion, one builds stadiums for $200 billion.
 

Indos

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The Malays and Qatari are rich. One builds the city for $100 billion, one builds stadiums for $200 billion.

Why do you still want to believe on your false belief despite I have given you fact ? No way stadium in Qatar cost them 200 billion USD. It only cost them 6.5 billion USD and the rest are crucial infrastructure like MRT, hotels, airport and others.

For Malaysian project, it is Chinese company who has 60 % stake that will get the most pain. Indonesian workers who build it at least have had some money for their family at home.

Here I bring you the source

 

Mista

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The Malays and Qatari are rich. One builds the city for $100 billion, one builds stadiums for $200 billion.

Why do you still want to believe on your false belief despite I have given you fact ? No way stadium in Qatar cost them 200 billion USD. It only cost them 6.5 billion USD and the rest are crucial infrastructure like MRT, hotels, airport and others.

For Malaysian project, it is Chinese company who has 60 % stake that will get the most pain. Indonesian workers who build it at least have had some money for their family at home.

Here I bring you the source


Indos is right. For Qatar, $200bil includes a lot of other infrastructure spending.

For Malaysia, AFAIK the government didn't even fork out a cent. It's a private development. And $100bil is probably the eventual cost, I doubt they have already spend that much.
 

Viet

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Why do you still want to believe on your false belief despite I have given you fact ? No way stadium in Qatar cost them 200 billion USD. It only cost them 6.5 billion USD and the rest are crucial infrastructure like MRT, hotels, airport and others.

For Malaysian project, it is Chinese company who has 60 % stake that will get the most pain. Indonesian workers who build it at least have had some money for their family at home.

Here I bring you the source

Yes I know the sheiks spend only some billions $$$ on stadiums while the rest $$$$ on other assets. But seriously, in 4 weeks from now, what they want to do with oversized infra, hotels, roads?
 

Indos

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Yes I know the sheiks spend only some billions $$$ on stadiums while the rest $$$$ on other assets. But seriously, in 4 weeks from now, what they want to do with oversized infra, hotels, roads?

Qatar wants to be something like Dubai. They want to diversify the economy since oil business will likely become sunset business 10 years from now. They have financial capability to build it now and in the future they will likely to have less financial resources to do so. This is more like investment for future. Many people are also synical when UAE build their modern infrastructure, but the infrastructure they build is proven to make them who they are now Today.

After this they can concentrate on other thing as they still benefit from their huge gas reserve as gas unlike oil is likely still needed after 2030. Renewable energy is also not as constant as fossil based power plant, gas power plant will still be needed as back up to make electricity generation from renewable stable. This also happen in Denmark for example, their renewable is surplus during some period but they still need to import electricity from German when their renewable power plant produce less energy due to natural causes.
 

Viet

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Qatar wants to be something like Dubai. They want to diversify the economy since oil business will likely become sunset business 10 years from now. They have financial capability to build it now and in the future they will likely to have less financial resources to do so. This is more like investment for future. Many people are also synical when UAE build their modern infrastructure, but the infrastructure they build is proven to make them who they are now Today.

After this they can concentrate on other thing as they still benefit from their huge gas reserve as gas unlike oil is likely still needed after 2030. Renewable energy is also not as constant as fossil based power plant, gas power plant will still be needed as back up to make electricity generation from renewable stable. This also happen in Denmark for example, their renewable is surplus during some period but they still need to import electricity from German when their renewable power plant produce less energy due to natural causes.
Ok that makes sense however still a huge bet on the future. They bet on rich foreigners.
 

Mista

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Qatar wants to be something like Dubai. They want to diversify the economy since oil business will likely become sunset business 10 years from now. They have financial capability to build it now and in the future they will likely to have less financial resources to do so. This is more like investment for future. Many people are also synical when UAE build their modern infrastructure, but the infrastructure they build is proven to make them who they are now Today.

After this they can concentrate on other thing as they still benefit from their huge gas reserve as gas unlike oil is likely still needed after 2030. Renewable energy is also not as constant as fossil based power plant, gas power plant will still be needed as back up to make electricity generation from renewable stable. This also happen in Denmark for example, their renewable is surplus during some period but they still need to import electricity from German when their renewable power plant produce less energy due to natural causes.

Still, I think $200bil is an overkill. They only have 300K citizens out of 3mil population. If they can invest their reserves professionally, they would have a sufficient steady stream of income for their small native population.

Assuming an annual return of 5%, the opportunity cost of the $200bil spent is $10bil per year. The positive spillover from the infrastructure spending must be greater than that amount for it to make economic sense, which is doubtful because their population is so small.

But oh well, they have money flowing out of the ground and the cost-benefits may not be important to them.
 

Indos

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Still, I think $200bil is an overkill. They only have 300K citizens out of 3mil population. If they can invest their reserves professionally, they would have a sufficient steady stream of income for their small native population.

Assuming an annual return of 5%, the opportunity cost of the $200bil spent is $10bil per year. The positive spillover from the infrastructure spending must be greater than that amount for it to make economic sense, which is doubtful because their population is so small.

But oh well, they have money flowing out of the ground and the cost-benefits may not be important to them.

They have already had something like wealth sovereign fund I believe. Qataris, I believe, also think that it will be better for some of their accumulated money to be invested into infrastructures and properties inside their own country and try to make the country become like Dubai than investing in stocks market where the companies stake they bought are located in other countries, there is risk as well in doing so like what we see happening to Grab and Sea investors and Softbank asset management. They do of course have many investments in stock market and other country real sector business, but they also want to invest in their own country.

They have already been so rich as you have already mentioned. They also have less capability in technology related industry that can potentially absorb huge money with much better return, less human resources in quantity as well but having much more money than they actually need it.

At least the money used in this 220 billion USD project is useful to millions of migrant workers from Pakistan, Bangladesh, and others and they will have good infrastructure that can be useful for the country for many decades to come.

Just see Arab Saudi, despite having 35 million citizens and much much larger land size, they still think to invest like crazy in property business, which is not because they dont have other sector to absorb their surplus capital, not because they dont have wealth sovereign fund, but more due to having too much of money and less technological ability and human power to absorb that surplus to make high tech industries like the West does.

 
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Song Hong

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They have already had something like wealth sovereign fund I believe. Qataris, I believe, also think that it will be better for some of their accumulated money to be invested into infrastructures and properties inside their own country and try to make the country become like Dubai than investing in stocks market where the companies stake they bought are located in other countries, there is risk as well in doing so like what we see happening to Grab and Sea investors and Softbank asset management. They do of course have many investments in stock market and other country real sector business, but they also want to invest in their own country.

They have already been so rich as you have already mentioned. They also have less capability in technology related industry that can potentially absorb huge money with much better return, less human resources in quantity as well but having much more money than they actually need it.

At least the money used in this 220 billion USD project is useful to millions of migrant workers from Pakistan, Bangladesh, and others and they will have good infrastructure that can be useful for the country for many decades to come.

Just see Arab Saudi, despite having 35 million citizens and much much larger land size, they still think to invest like crazy in property business, which is not because they dont have other sector to absorb their surplus capital, not because they dont have wealth sovereign fund, but more due to having too much of money and less technological ability and human power to absorb that surplus to make high tech industries like the West does.


You need high IQ people to pull off technologies. These Gulf nations are led by 10,000 princes who sworn aim is to inculcate superstitious. Then people become stupid. Even the Mullahs of Iran are more meritocratic and being perhaps one of highest density of PHD in cabinet.
 

Song Hong

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Qatar build out is even higher dense. They got lots of deserts and they prefer to reclaim sea and build. Never see you guys complain.

People who see Qatar wasteful did not see the political side of the story. Qatar is now earning lots of monies from the west and in return they got to spend it on Western contractors or invest in Wall St.

Now Qatar strike even more lottery with Europe gas crisis. White man will make Qatar pay back even more by charging a peanut 1 million USD.

This is the foremost core relationship of white man and Sunni Islam and what Arab nationalist really hate. It is exploitation and plunder of Arabs. Then stupid and lying economists will come and say Arabs are wasteful and stupid.

This system works when debauch princes are in charge and people are kept superstitious and stupid.

The only Muslims that manage to rid the Western plunder are Shia Iran and they paid a big price.

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