Prospects look at a model of the development at the Country Gardens' Forest City showroom in Johor Baru. The Forest City development in Johor’s Iskandar region is expected to deliver over 20,000 units to buyers this year. ― Reuters pic
CGPV already delivered 482 units at its Cerulean Bay development last year and is now aiming to add to the 4,000 or so buyers who have taken possession of their property here. However, he later clarified that he meant property purchases would not entitle foreign buyers to Malaysian citizenship. Since then, Finance Minister Lim Guan Eng has also directed developers not to launch projects that exclusively target foreign buyers.
“Thanks to the comprehensive legislative system, Forest City was not badly impacted despite the prime minister’s remarks. On the contrary, as we are able to contribute to the Malaysian economy, create job opportunities and promote technology and knowledge transfer, we have received a lot of support from the government.”
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