2021 China property crisis led to ghost cities in Malaysia and Cambodia due to Evergrande Group's default.
China's property crisis has left Malaysia and Cambodia with ghost cities, including Forest City in Johor and Sihanoukville in Cambodia. The property bubble burst in late 2021 due to Evergrande Group's default, leading to unfinished structures and abandoned urban areas. The crisis reflects overdevelopment and reliance on housing as an investment avenue in China.
May 13, 2024
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