What is it about?
Capital flow from the Chinese diaspora used to go into China via the 'bamboo network', but the flow has now reversed. We argue that this explains the presence and operation of mainland China housing developers in Malaysia, as evidenced in our case study of Forest City in Iskandar Malaysia.
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Why is it important?
Our findings show that a common socioculture can be a critical success factor of international housing developers in a host country.
Perspectives
I hope that this paper will make people think about the presence of foreign housing developers in their country. Housing has many facets, i.e. housing is not only shelter or investment vehicle, but also involves land, which is a finite factor of production. By logic, houses should be developed by local developers for the local population. The case of Forest City is really intriguing for me because it is developed by a foreign developer and is targeted for foreign buyers. I wanted to see why the development worked.
Hasniyati Hamzah
University of Malaya
Read the Original
This page is a summary of: The ‘reverse bamboo network’: Sociocultural dialectics of China’s FDI in housing (FDIH) in Iskandar Malaysia, Urban Studies, July 2019, SAGE Publications,
DOI: 10.1177/0042098019853480.
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