China capital controls cast pall over US$100b city in the sea
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE US$100 billion city rising from the sea next to Singapore has hit a roadblock: China's capital controls.
The dream of a Malaysian version of Shenzhen - largely funded by Chinese developers and buyers - with hotels, offices, golf courses, tech parks and thousands of ritzy new apartments, is having to adapt after China's government clamped down on an exodus of money for investment in overseas property.
Share with us your feedback on BT's products and services
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
