Prime Minister Anwar Ibrahim says Malaysia is already experiencing rising sea levels- Admission means Sultan Of Johor's Forest City, other Johor coastal developments, all other Malaysian coastal developments must be written down by substantial amounts . As Finance Minister Anwar Ibrahim has a duty to ensure that Bursa listed companies (and others) accurately reflect ongoing deterioration in property values

 by Ganesh Sahathevan 

Malaysia's Prime Minister Anwar Ibrahim has declared before the United Nations General Assembly: 

"Malaysia has also seen increasing temperature, rising sea levels, intensified monsoons, and erratic weather patterns disrupting livelihoods and degrading local ecosystems. As such, we have not a moment to lose."

Anwar's admission means the  Sultan Of Johor's Forest City as well as  other Johor coastal developments, being the most exposed to the sea,and often built on swampland, must be immediately written down to reflect the deteriorated, and quite likely deteriorating, asset value.

Forest City would have to be written down to zero, given its location and its construction of stilts. That would also apply  to all other Malaysian coastal developments . As Finance Minister Anwar Ibrahim has a duty to ensure that Bursa listed companies (and others) accurately reflect ongoing deterioration in property values .

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Tuesday, January 17, 2017

Sultan of Johor's Forest City reclamation may be in an area where reclamation is not viable, if not impossible

by Ganesh Sahathevan

(Note:Click on images to enlarge)



The following satellite  images show how the Sultan of Johor's Forest City development, that is to be built on re-claimed land, may not be viable for it appears the proposed site will be in a particularly "weak" or "soggy" area.

Using the example of Singapore ,the first two images show that Singapore, which itself
comprises much reclaimed land,sits atop a subsurface not very different from that which
is found beneath Peninsular Malaysia. In other words, Singapore sits atop the yellow areas, much like Peninsular Malaysia.

Readers can easily see that the Strait of Malacca, or rather the earth under the Strait, is green or green-yellow, indicating a weaker subsurface, or weaker region.

The second image shows that where the subsurface is green ,ie not as hard as the yellow areas,Singapore's planners have been careful not to build, and where they have ensured that building is limited to ports and the airport.

The proposed Forest City development on the other hand is an area that is dark green, almost blue suggesting a particularly weak area where reclamation may not be possible, or if possible not commercially viable.

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