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IPFS News Link • Housing

The $100 Billion Luxury Complex That's Sitting Empty and Unfinished

• Wall Street Journal

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ISKANDAR PUTERI, Malaysia—On the southern tip of peninsular Malaysia, a cluster of high rises built to house tens of thousands of people in luxury condominiums overlooks the sea. Nearly a decade after troubled Chinese real-estate giant Country Garden began building the enclave, it is almost completely vacant.


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