Property News · August 27, 2018

Mahathir bans foreigners from buying Forest City residential units in Malaysia


Malaysia will not allow foreigners to buy residential units built at the US$100 billion Forest City project in Johor, Prime Minister Mahathir Mohamad said on Monday.
The project has been wracked by uncertainty since Mahathir’s coalition scored a shock victory at a May general election, as Chinese developer Country Garden Holdings Co looks to revive faltering demand for its plans to build a city that would be home to 700,000 people.
“One thing is certain, that city that is going to…

Source : South China Morning Post
Read more…Mahathir bans foreigners from buying Forest City residential units in Malaysia