The chief minister of the Malaysian state of Johor said on Tuesday (Sep 4) foreigners are welcome to buy property in Chinese developer Country Garden's controversial US$100 billion Forest City project on Malaysia's southern shore. Forest City is a 30-year project that provides jobs for Malaysians, Chief Minister Osman Sapian said, in comments that appeared to contradict Prime Minister Mahathir Mohamad's...
Forest City
Malaysian Prime Minister Mahathir Mohamad on Monday (Aug 27) declared that foreigners will not be granted visas to live in the giant Forest City project in Johor, a major threat to the marketing strategy for the development. It is not his first broadside against the plan by Chinese developer Country Garden Holdings Co to create a new city that was envisaged to eventually house 700,000 people on...
Hours after Malaysian Prime Minister Mahathir Mohamad said he would ban foreigners from buying homes in the Forest City project in Johor, its developer responded by pointing to laws that allow foreigners to purchase land in the country. In fact, Tun Mahathir had welcomed foreign investment during a meeting with the firm in Beijing just weeks ago, said Country Garden Pacificview. The developer added...
Despite the temporary closure of China showrooms promoting the massive Forest City project planned in Malaysia last month, fewer than 60 buyers in China have asked about cancelling their bookings, Chinese developer Country Garden Holdings (CGH) said on Thursday (Apr 6). The company said it sold more than 15,000 residential units under the project last year. Chinese nationals accounted for 70 per cent...