Property News · August 27, 2018

Country Garden shares see-saw amid confusion over Mahathir’s ban on foreign ownership


Shares of Country Garden Holdings, the developer of the biggest private residential township in southern Malaysia, see-sawed in Monday trading amid confusion over comments by the country’s prime minister about letting foreigners buy property in the Forest City project.
The project, located on four artificial islands near Singapore, is being built by the Foshan-based Chinese developer, and has been sold predominantly to Chinese investors who have been enticed to the project by long-stay,…

Source : South China Morning Post
Read more…Country Garden shares see-saw amid confusion over Mahathir’s ban on foreign ownership