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.