PM: Forest City can no longer be sold to foreigners | TheStarTV.com

PM: Forest City can no longer be sold to foreigners

Published on 27 Aug 2018 5:31:13 PM

Prime Minister Tun Dr Mahathir Mohamad on Monday said Malaysia will not allow foreigners to buy residential units in the US$100bil (RM410bil) Forest City project in Johor.
The project has faced uncertainty since Pakatan Harapan scored a shock victory in GE14, as developer Country Garden Holdings Co looks to revive faltering demand for a city planned to be home to 700,000 people.

Read more at https://www.thestar.com.my/business/business-news/2018/08/27/malaysia-says-forest-city-project-off-limits-to-foreign-buyers/

Keywords
pakatan harapan, johor, residential units, news, foreigners, tun dr mahathir mohamad, property, malaysia, forest city, investment, country garden holdings co, prime minister

Prime Minister Tun Dr Mahathir Mohamad on Monday said Malaysia will not allow foreigners to buy residential units in the US$100bil (RM410bil) Forest City project in Johor.
The project has faced uncertainty since Pakatan Harapan scored a shock victory in GE14, as developer Country Garden Holdings Co looks to revive faltering demand for a city planned to be home to 700,000 people.

Read more at https://www.thestar.com.my/business/business-news/2018/08/27/malaysia-says-forest-city-project-off-limits-to-foreign-buyers/

Keywords:
pakatan harapan, johor, residential units, news, foreigners, tun dr mahathir mohamad, property, malaysia, forest city, investment, country garden holdings co, prime minister

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