Forest City: A Case Study of a Real Estate Megaproject in Asia
Lawrence Susskind (senior), Takeo Kuwabara, Marcel Williams, Alaa Mukahhal, Nick Allen, Mira Vale, Sam Barnard, Griffin Smith MIT
Syahida Azali, Jannah Razak, Serina Rahman (senior) Malaysia
This interactive, multimedia case tells the ongoing story of a high-profile Chinese real estate developer (Country Garden) building the largest gated community (Forest City) in Asia for as many as 700,000 residents at an estimated cost of $100 billion, on reclaimed land in the Strait of Johor, between Malaysia and Singapore. The controversy that arose in 2014 over the social and environmental impacts of the project caused the Malaysian courts to stop the project temporarily, even though state and local permits had been granted. This led to a somewhat scaled-down version of the project, as well as a requirement that the developer pay compensation to fisherman and villagers who were already adversely affected.