From ghost town to potential wealth magnet: 6 family offices get green light to operate in Forest City

17/12/2025 2 Views

Malaysia hopes these SFOs, drawn by a zero-tax scheme, can give the zone an economic purpose beyond a cautionary tale

[GELANG PATAH, JOHOR] A small but noticeable stir of activity is emerging in Forest City, hints that the vast mega development in Malaysia’s Johor Bahru may be inching away from its “ghost town” reputation – or, at least, signalling the hope that it is.

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