The $100 Billion City Next to Singapore Has a Big China Problem

Bloomberg Businessweek with a deep dive on the Iskandar Malaysia development zone and the impact of Chinese capital controls.

"Developers’ sales offices in China that once brought in buyers by the hundreds are now pushing developments in Chinese cities. Subsidized junkets that flew in prospective buyers to development sites in the southern Malaysian state of Johor have dwindled. And some buyers who paid deposits for yet-to-be-built homes are considering canceling their purchases."

The $100 Billion City Next to Singapore Has a Big China Problem