Residential buildings are seen at Forest City in Johor, Malaysia, August 20, 2018. - Reuters
PETALING JAYA: Property consultants are petrified by Prime Minister Tun Dr Mahathir Mohamad’s statement that foreigners will not be allowed to buy residential units in Forest City, one of four islands being reclaimed by Chinese developer Country Garden Holdings Co in a multi-billion venture.
Three of them said such a move would have wide-ranging negative implications for Johor and the larger property sector and how foreign companies viewed Malaysia.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
