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China capital controls cast pall over US$100b city in the sea

"Given the oversupply, we don't foresee any recovery until 2019 for high-rise projects." - Samuel Tan, executive director at KGV International Property Consultants


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...