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MB: Forest City not hit by capital controls in China

 | March 11, 2017

He says the project is not dependent only on buyers from China but is also marketed in Australia, the Middle East and Europe.


JOHOR BAHRU: Johor Menteri Besar Mohamed Khaled Nordin said Forest City is not affected by China’s capital controls because it is open to international buyers.

“Forest City project is not dependent on buyers from China.

“The project is also marketed in Australia, the Middle East and Europe.

“Forest City is still under construction. There are no registered buyers but only bookings,” he told reporters after opening the SK Taman Cendana Parent-Teacher Association (PTA) annual general meeting here today.

Forest City, developed by Country Garden Pacificview Sdn Bhd, is not just a condominium project but also provides facilities for trade, business, marketing and finance.

“When opened, the project will attract a variety of people, not only the Chinese,” said Khaled, dismissing a claim by former prime minister Dr Mahathir Mohamad that Forest City would result in the influx of some 700,000 Chinese who would then be given Malaysian citizenship.


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