Forest City—An Example of Real Estate’s Future
Forest metropolis is a future, smart, and green metropolis that blends nature and technology to provide a perfect living and working environment. This new metropolitan development in Johor, Malaysia, has four 30km2 man-made islands. Country Garden Pacificview Sdn Bhd, a Country Garden Group-Esplanade Danga 88 joint venture, is developing it.
Forest City Homes
For real estate investors, Forest City is special. In May, 6,500 new inhabitants will move into one of the world’s most inventive new communities once the Starview Bay complex is completed. The 700,000-person complex will take 25-30 years to build. Four artificial islands, a golf resort, and the IBS industrial park encompass 30 sq. km.
Forest City offers a connected smart island experience with new living technology, customized service, and community activities. Forest Life App, the city’s one-stop service platform, gives citizens easy access to community services. Readlife, Malaysia’s first cloud-based community digital library, provides amusement, while Canbot, Malaysia’s first smart robot service community, provides multilingual help and welcoming instructions.
The newest smart security systems protect Forest City homeowners. Smart doors, elevators, and invisible electric fences employ face and fingerprint identification. The Forest Life App also supports remote video intercom, door unlocking, alarm triggers, and public area broadcasting.
Forest City employs most of its staff as butlers to build close relationships with property owners and help them integrate into community life. Forest City hosts multicultural activities to promote cultural interactions among its approximately 30 nationalities. In May, a tie-dying workshop using Henna and Chinese handicrafts helped locals comprehend Chinese New Year.
Finally, Forest City is an unusual real estate investment opportunity. Innovative living technologies, smart security systems, and tailored services make the city a smart and green futuristic living and working space ecology. Forest City promotes multiculturalism and cultural interchange. The 700,000-person metropolitan development will take 25-30 years to build and provide a long-term investment opportunity.