A model of the Princess Cove development is displayed at the R&F Properties Malaysia property showroom in Iskandar Malaysia zone of Johor Bahru, Johor, Malaysia, on Tuesday, Nov. 02, 2016. While Chinese home buyers have sent prices soaring from Vancouver to Sydney, in this corner of Southeast Asia it's Chinas developers that are swamping the market, pushing prices lower with a glut of hundreds of thousands of new homes. They're betting that the city of Johor Bahru, bordering Singapore, will eventually become the next Shenzhen. Photographer: Ore Huiying/Bloomberg via Getty Images