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I don't know mga sangkay if you know about this ghost city na nasa Malaysia

Pero ito po ngayon ay very interesting topic dahil nga po na ibalita ng international media

Marami na pong nagbalita dito mga sangkay at tingnan po natin ano nga ba itong sinasabing ghost city na nasa Malaysia

Hello guys, what's up mga sangkay

Before we start, pakisubscribe po muna yung ating YouTube channel

So sa baba ng video na ito, makikita nyo po yung subscribe button mga sangkay

Pindutin nyo lamang po yan tapos i-click nyo yung bell at i-click nyo po yung all

At kung kayo ay nanonood sa Facebook, huwag nyo pong kalilimutan na i-follow ang ating Facebook page

At ito mga sangkay, may ipapagawa lamang po ako sa inyo

So sa mga nanonood sa Facebook, kung ikaw ay nanonood ngayon sa Facebook page

Makikita nyo po mismo, itong video na itong pinapanood nyo, may makikita po kayong tatlong tuldok sa itaas

Yan po yung sample, okay?

Makikita nyo yung tatlong tuldok sa taas, pindutin nyo lamang po yan, then may lalabas po na show more

Kapag lumabas na yung show more, pindutin nyo po yan, ito po yung may plus, okay?

Pindutin nyo yung show more, then after that mga sangkay, pindutin nyo po yung bell

Yung bell na makikita nyo po sa taas katabi ng subscribe, pindutin nyo po yan

Click nyo yun all, okay?

Gano'n lamang po, kadali mga sangkay

So ito na nga, this is very interesting and I want to know more about this

Kinasabing ghost city in Malaysia

At mukhang interesting mga sangkay, dahil nga po ito ay Project Diomano ng China

Ayan o, inside a Chinese ghost city in Malaysia

Na nagkaroon po ng real estate crisis

Nagkaroon po ng depekto, nagkaroon po ng problema

Marami na po ang gumawa ng video na ito mga sangkay

Na ibalita nga po itong malaking problema ng China

So ito po ay project ng China

Tingnan po natin kung anong klaseng lugar ito

Meanwhile in China, the real estate sector is in a slump

A few years back, Beijing bet everything on real estate

Mm-hmm

It was their growth engine

Real estate delivered up to 30% of China's growth

Mm-hmm

But a few months back, the entire sector collapsed

Developers started defaulting on their debt

Ayun, nag-collapse po yung entire sector po nila

Mambihira, so nagkaroon po ito ng problema ng pagdating po sa pera

And left thousands of home buyers in the lurch

Until now, the impact of this collapse was limited to China

But now it's being felt bigger

Beyond its borders

Like in Malaysia

They have a Chinese ghost city in Malaysia

Uh-huh

A 100 billion dollar luxury project that has tanked

Most apartments are sitting empty

And the buyers seem to have no recourse

Here's the report

It promised to be a paradise in

Ayun, ito po yun mga sangkay

Ang sinasabing ghost city ng Malaysia

Ito po yun mga sangkay

Ito po yun mga sangkay

Ayun, ito po yun mga sangkay

Pero ang ganda pa naman ang mga disenyo, eh, no?

Ano ba ang nangyari sa lugar na ito?

Southern Malaysia.

The structures are built on reclaimed islands surrounded by luxury facilities.

There's a water park, a garden maze, a beach, a shopping mall, and a golf course.

Everything that you can wish for.

The forest city was supposed to have it, but the project failed to take off.

Today, the forest city is called a ghost town.

Ayan na. Yan na yung tawag sa kanya, mga sangkay, sa lugar na ito.

Ghost town na po doon sa Malaysia.

Barely 15% of the project has been built, and fewer than 10,000 people live here.

Naku. Fewer, ibig sabihin, mas mababa pa po sa 10,000 ang nakatira dito.

Kasi ang pagkakalam po natin, mga sangkay,

dapat ang maninirahan dito, ito daw po ina-ready for a million of people

na kaya pong mag-occupy sa buong area na ito, mga sangkay.

But that's just 1% of the planned occupancy.

Naku, 1% lang.

The rest of the complex lies deserted.

When the project was launched seven years back, few had questioned its viability.

Country Garden, a major Chinese developer, was behind it.

Naku. So ito ay, ano, China pala yung developer niyan, mga sangkay.

So ano ba ang nangyayari sa proyekto na ito?

I just remember, mga sangkay, way back, ilang taon na ba ang nakaraan,

kasi mayroong tinatawag dati na Pearl of Asia, okay, na project dapat dyan po sa Manila.

Ang mangyayari sa may Manila Bay, may extension po siya, mga sangkay, na doon po sa dagat,

gagawan po ng reclamation, then gagawa po doon ng napakalaking, ano tawag dito, syudad.

Yan tatawagin po na Pearl City of Asia.

The Pearl of Asia, something like that, mga sangkay.

So parang ganito din po yun, kasi Chinese din po ang magfafund sana nun.

They promised to invest $100 billion in the project.

But their grand vision is far from being realized.

So far, just $4.3 billion has been invested.

Agay, napakaliit.

Now its future seems uncertain.

Country Garden is struggling. It has amassed almost $200 billion in debt.

Ang laki na po, umabot na po sa $200 billion, US dollar.

The developer has suffered losses. It has missed debt payments.

And sales of homes are not picking up.

Pero ang ganda pa naman ng design sana eh, no?

Kaya nga lang hindi po siya nag-click, mga sangkay.

Ngayon, ang laki po ng kinakailangan nilang pera.

So makikita po natin, wala na, inanuhan na ito mga sangkay.

Tinubuan na ng mga halahalaman po sa gigilid ng building na ito.

In September this year, Country Garden's sales collapsed, dropping by a whopping 81%.

Nako, buwagin.

Buwagsak pa lalo.

With the turmoil back home, the future of Forest City seems uncertain.

Country Garden says it's not abandoning the project but needs money to rescue it.

The Malaysian government has stepped in.

A few months ago, they made some announcements.

So after nang nangyari mga sangkay, ang Malaysia, pumasok na yung Malaysian government sa proyekto ng China.

Ngayon, ano nangyari?

A special financial zone was created in Forest City.

Visitors have been promised special perks like a special income tax rate and multiple entry visas.

Okay.

Malaysia may need to do more than that.

It needs money and investment to flow towards Forest City.

So, sa madaling sabi mga sangkay, kumikilos na rin po yung government ng Malaysia para mapakinabangan po yung napakalaking proyekto na ito.

So, Chinese developers might struggle to provide...

Provide that.

Reports say they owe as much as 390 billion dollars.

These are unpaid bills from operations.

Then, there are the loans.

Country Garden owes over 190 billion dollars.

Evergrande is another developer in distress.

Karabi, kawaawa po dito yung developer.

It owes a whopping 340 billion dollars.

Karabi, tingnan nyo mga sangkay.

Naging alagos town talaga pag dumaan ka dito.

Tapos walang mga nakatira.

Ang lalaki pa naman ng mga building na ito.

The defaults have hit the sector hard.

In recent years, as many as 53 Chinese developers have collapsed.

And there could be more in the coming days.

China has its own ghost cities.

Diba?

Ang China rin, mga sangkay, mayroon po talaga sila sarili.

Sa China, mayroon po silang sarili mga building na na-abandon na na lamang.

Ang mga sangkay, dahil nga po nalugi.

By one claim, there are 65 million empty homes in China.

Mm-hmm. Grabe oh.

65 million na empty na mga kabahayan doon po sa China.

Real estate developers built these homes, but they couldn't fill them up.

China's real estate sector grew on the back of large loans.

But now, there's an oversupply.

There are more homes than buyers.

Grabe no.

Mas marami pang mga bahay.

Mga bahay kaysa sa mga bibili ng bahay.

Chinese officials with fewer options to revive failed projects.

So, very interesting, mga sangkay.

Itong sinasabing ghost town or ghost city doon po sa Malaysia.

Kung saan inabandon na po ng marami.

Ayan po, titignan nyo po.

Inabandon na dahil nga po sa pagkalugi at malaki pong pera ang kinakailangan.

So, ano po ang inyong opinion tungkol dito?

Just comment down below.

And now, guys, meron po akong Facebook group.

Ito po ay mga solid sangkay lamang.

Exclusive, ha?

Para lamang po sa mga solid sangkay.

So, kung ikaw ay solid sangkay, 100%,

hanapin mo po sa Facebook,

Hukbong Solid Sangkay.

Then, lalabas po yan.

Tapos, mag-join group ka po.

Okay ba yun?

So, ako na po ay magpapaalam.

Hanggang sa muli.

This is me, Sangkay Janjan.

Palagi nyo pong tatandaan that Jesus loves you.

God bless everyone.