KUALA LUMPUR, Sept 10 — The Forest City development in Johor’s Iskandar region is expected to deliver over 20,000 units to buyers this year, saying previous concerns prompted by the prime minister’s remarks about foreigners have subsided.
“Due to Dr Mahathir’s comments last year, many international investors have taken a wait-and-see approach towards their investments in Malaysia. [Because of] this condition, Forest City was inevitably affected,” Zhou Jun, Forest City’s brand management general manager, was quoted as saying. According to Zhou, buyers of Forest City are not solely from China but include Malaysians as well as nationals from over 30 countries.
The development has also sought to raise its contribution to the local economy by handing out jobs to Malaysian contractors, Zhou said when noting that RM1.6 billion in work at Forest City was awarded to Malaysian firms.
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