00:52.4
So sa mga nanonood sa Facebook, kung ikaw ay nanonood ngayon sa Facebook page
00:57.3
Makikita nyo po mismo, itong video na itong pinapanood nyo, may makikita po kayong tatlong tuldok sa itaas
01:03.5
Yan po yung sample, okay?
01:06.5
Makikita nyo yung tatlong tuldok sa taas, pindutin nyo lamang po yan, then may lalabas po na show more
01:11.8
Kapag lumabas na yung show more, pindutin nyo po yan, ito po yung may plus, okay?
01:16.4
Pindutin nyo yung show more, then after that mga sangkay, pindutin nyo po yung bell
01:22.0
Yung bell na makikita nyo po sa taas katabi ng subscribe, pindutin nyo po yan
01:27.3
Click nyo yun all, okay?
01:28.8
Gano'n lamang po, kadali mga sangkay
01:30.9
So ito na nga, this is very interesting and I want to know more about this
01:37.5
Kinasabing ghost city in Malaysia
01:44.0
At mukhang interesting mga sangkay, dahil nga po ito ay Project Diomano ng China
01:51.2
Ayan o, inside a Chinese ghost city in Malaysia
01:57.3
Na nagkaroon po ng real estate crisis
02:02.2
Nagkaroon po ng depekto, nagkaroon po ng problema
02:05.6
Marami na po ang gumawa ng video na ito mga sangkay
02:09.0
Na ibalita nga po itong malaking problema ng China
02:12.7
So ito po ay project ng China
02:14.3
Tingnan po natin kung anong klaseng lugar ito
02:18.4
Meanwhile in China, the real estate sector is in a slump
02:22.6
A few years back, Beijing bet everything on real estate
02:27.3
It was their growth engine
02:29.7
Real estate delivered up to 30% of China's growth
02:33.3
But a few months back, the entire sector collapsed
02:36.0
Developers started defaulting on their debt
02:38.2
Ayun, nag-collapse po yung entire sector po nila
02:44.0
Mambihira, so nagkaroon po ito ng problema ng pagdating po sa pera
02:49.2
And left thousands of home buyers in the lurch
02:52.2
Until now, the impact of this collapse was limited to China
02:55.9
But now it's being felt bigger
02:57.3
Beyond its borders
02:59.4
They have a Chinese ghost city in Malaysia
03:03.6
A 100 billion dollar luxury project that has tanked
03:07.0
Most apartments are sitting empty
03:09.4
And the buyers seem to have no recourse
03:11.7
Here's the report
03:12.9
It promised to be a paradise in
03:19.5
Ayun, ito po yun mga sangkay
03:21.4
Ang sinasabing ghost city ng Malaysia
03:24.4
Ito po yun mga sangkay
03:25.4
Ito po yun mga sangkay
03:26.2
Ayun, ito po yun mga sangkay
03:26.2
Pero ang ganda pa naman ang mga disenyo, eh, no?
03:29.6
Ano ba ang nangyari sa lugar na ito?
03:31.6
Southern Malaysia.
03:33.5
The structures are built on reclaimed islands surrounded by luxury facilities.
03:39.2
There's a water park, a garden maze, a beach, a shopping mall, and a golf course.
03:45.4
Everything that you can wish for.
03:47.4
The forest city was supposed to have it, but the project failed to take off.
03:52.2
Today, the forest city is called a ghost town.
03:57.1
Ayan na. Yan na yung tawag sa kanya, mga sangkay, sa lugar na ito.
04:00.6
Ghost town na po doon sa Malaysia.
04:06.0
Barely 15% of the project has been built, and fewer than 10,000 people live here.
04:11.4
Naku. Fewer, ibig sabihin, mas mababa pa po sa 10,000 ang nakatira dito.
04:18.0
Kasi ang pagkakalam po natin, mga sangkay,
04:20.3
dapat ang maninirahan dito, ito daw po ina-ready for a million of people
04:26.5
na kaya pong mag-occupy sa buong area na ito, mga sangkay.
04:31.4
But that's just 1% of the planned occupancy.
04:36.9
The rest of the complex lies deserted.
04:40.5
When the project was launched seven years back, few had questioned its viability.
04:46.3
Country Garden, a major Chinese developer, was behind it.
04:50.3
Naku. So ito ay, ano, China pala yung developer niyan, mga sangkay.
04:56.6
So ano ba ang nangyayari sa proyekto na ito?
04:59.9
I just remember, mga sangkay, way back, ilang taon na ba ang nakaraan,
05:04.8
kasi mayroong tinatawag dati na Pearl of Asia, okay, na project dapat dyan po sa Manila.
05:14.0
Ang mangyayari sa may Manila Bay, may extension po siya, mga sangkay, na doon po sa dagat,
05:20.3
gagawan po ng reclamation, then gagawa po doon ng napakalaking, ano tawag dito, syudad.
05:29.3
Yan tatawagin po na Pearl City of Asia.
05:34.8
The Pearl of Asia, something like that, mga sangkay.
05:38.0
So parang ganito din po yun, kasi Chinese din po ang magfafund sana nun.
05:43.1
They promised to invest $100 billion in the project.
05:46.6
But their grand vision is far from being realized.
05:51.6
So far, just $4.3 billion has been invested.
05:55.6
Agay, napakaliit.
05:57.2
Now its future seems uncertain.
06:00.1
Country Garden is struggling. It has amassed almost $200 billion in debt.
06:06.2
Ang laki na po, umabot na po sa $200 billion, US dollar.
06:11.6
The developer has suffered losses. It has missed debt payments.
06:15.8
And sales of homes are not picking up.
06:19.1
Pero ang ganda pa naman ng design sana eh, no?
06:22.5
Kaya nga lang hindi po siya nag-click, mga sangkay.
06:25.9
Ngayon, ang laki po ng kinakailangan nilang pera.
06:29.4
So makikita po natin, wala na, inanuhan na ito mga sangkay.
06:34.9
Tinubuan na ng mga halahalaman po sa gigilid ng building na ito.
06:39.2
In September this year, Country Garden's sales collapsed, dropping by a whopping 81%.
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Buwagsak pa lalo.
06:47.0
With the turmoil back home, the future of Forest City seems uncertain.
06:52.3
Country Garden says it's not abandoning the project but needs money to rescue it.
06:57.6
The Malaysian government has stepped in.
07:00.2
A few months ago, they made some announcements.
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So after nang nangyari mga sangkay, ang Malaysia, pumasok na yung Malaysian government sa proyekto ng China.
07:14.1
Ngayon, ano nangyari?
07:15.6
A special financial zone was created in Forest City.
07:19.4
Visitors have been promised special perks like a special income tax rate and multiple entry visas.
07:26.8
Malaysia may need to do more than that.
07:29.1
It needs money and investment to flow towards Forest City.
07:32.9
So, sa madaling sabi mga sangkay, kumikilos na rin po yung government ng Malaysia para mapakinabangan po yung napakalaking proyekto na ito.
07:43.1
So, Chinese developers might struggle to provide...
07:46.8
Reports say they owe as much as 390 billion dollars.
07:51.4
These are unpaid bills from operations.
07:54.1
Then, there are the loans.
07:55.9
Country Garden owes over 190 billion dollars.
08:00.4
Evergrande is another developer in distress.
08:03.5
Karabi, kawaawa po dito yung developer.
08:07.1
It owes a whopping 340 billion dollars.
08:10.1
Karabi, tingnan nyo mga sangkay.
08:12.7
Naging alagos town talaga pag dumaan ka dito.
08:15.0
Tapos walang mga nakatira.
08:16.4
Ang lalaki pa naman ng mga building na ito.
08:20.8
The defaults have hit the sector hard.
08:23.5
In recent years, as many as 53 Chinese developers have collapsed.
08:27.9
And there could be more in the coming days.
08:31.6
China has its own ghost cities.
08:35.5
Ang China rin, mga sangkay, mayroon po talaga sila sarili.
08:38.2
Sa China, mayroon po silang sarili mga building na na-abandon na na lamang.
08:45.0
Ang mga sangkay, dahil nga po nalugi.
08:47.1
By one claim, there are 65 million empty homes in China.
08:51.2
Mm-hmm. Grabe oh.
08:53.1
65 million na empty na mga kabahayan doon po sa China.
08:58.2
Real estate developers built these homes, but they couldn't fill them up.
09:03.2
China's real estate sector grew on the back of large loans.
09:07.1
But now, there's an oversupply.
09:09.9
There are more homes than buyers.
09:13.4
Mas marami pang mga bahay.
09:15.0
Mga bahay kaysa sa mga bibili ng bahay.
09:17.5
Chinese officials with fewer options to revive failed projects.
09:23.7
So, very interesting, mga sangkay.
09:27.9
Itong sinasabing ghost town or ghost city doon po sa Malaysia.
09:35.6
Kung saan inabandon na po ng marami.
09:37.7
Ayan po, titignan nyo po.
09:40.2
Inabandon na dahil nga po sa pagkalugi at malaki pong pera ang kinakailangan.
09:45.0
So, ano po ang inyong opinion tungkol dito?
09:46.9
Just comment down below.
09:49.0
And now, guys, meron po akong Facebook group.
09:51.7
Ito po ay mga solid sangkay lamang.
09:54.6
Para lamang po sa mga solid sangkay.
09:56.7
So, kung ikaw ay solid sangkay, 100%,
09:58.9
hanapin mo po sa Facebook,
10:01.5
Hukbong Solid Sangkay.
10:03.4
Then, lalabas po yan.
10:04.6
Tapos, mag-join group ka po.
10:07.2
So, ako na po ay magpapaalam.
10:08.4
Hanggang sa muli.
10:09.1
This is me, Sangkay Janjan.
10:10.3
Palagi nyo pong tatandaan that Jesus loves you.
10:12.9
God bless everyone.
