“Many units there have been sold in China, and we will look at the sales mechanism and other relevant issues,” she said.

AREA is planning for a gated and guarded, fully integrated and serviced industrial and logistics park, with resort style features.

 Najib said he felt "vindicated".

She urged Country Garden Pacificview Sdn Bhd to write to her ministry to discuss the conditions for selling the units in Forest City to non-Malaysians.

The government is also stopping the award of directly negotiated private partnership projects (PPPs) to companies, he said at a seminar on 'Procurement as part of good governance in new Malaysia: Challenges & Recommendations', organised by the Centre to Combat Corruption and Cronyism (C4).

'We have to talk with them if there is a possibility of reducing the cost from RM55 billion to RM10 billion. We would be stupid not to accept.'

Patricia Li from Yunnan province said that: “We think the new government is unfriendly to us Chinese buyers. Even those China-backed infrastructure projects have been cancelled, let alone our private investments.”

His current position as the group’s managing director will be taken over by deputy managing director Ho Kong Soon.

Jomo: It is supposed to be used to advise the prime minister

"We do not issue any Permanent Residency (PR) to foreign buyers of Forest City,” the developer stressed in an official statement in response to an earlier news report.