Strata problem brewing for Forest City
With a gross development value exceeding RM100 billion over 20 years, Forest City by Country Garden Holdings Co in Johor boasts of being the largest mixed-use green development in Southeast Asia.
Forest City’s Chinese buyers to get refunds
KUALA LUMPUR (April 5): Country Garden Holdings has announced it will refund money to mainland Chinese buyers of its mega Forest City development in Johor.
Forest City's Chinese buyers face hefty penalty clause
KUALA LUMPUR (April 3): Mainland Chinese purchasers of homes in Forest City, Country Garden’s megaproject in Johor, are now staring at the daunting prospect of having to pay a penalty of 30% of the purchase price for pulling out of the deal.
Forest City to seek buyers elsewhere
KUALA LUMPUR (March 31): In an effort to rely less on mainland Chinese buyers, Country Garden Holdings is planning to attract potential purchasers from Southeast Asia, South Asia and the Middle East for its mega project in Malaysia, Forest City.
No solution in sight for Chinese buyers of Forest City
KUALA LUMPUR (March 23): There seems to be still no solution in sight for Chinese clients who have put down payments for Country Garden’s Forest City development in Johor.
Capital control blues for Chinese investors of Forest City
KUALA LUMPUR (March 21): Beijing’s capital controls have left Chinese investors of the Forest City development in Malaysia in the lurch.
L&G’s RPT deal catches MSWG’s attention
KUALA LUMPUR (March 15): Land & General Bhd’s (L&G) related party transaction (RPT) proposal to take over five property firms from its major shareholder, Malaysia Land Properties Sdn Bhd (Mayland), for RM344 million cash has caught the Minority Shareholder Watchdog Group’s (MSWG) attention as questions remain over the deal.
Country Garden: Closure of Forest City sales galleries in China not because of capital outflow controls
PETALING JAYA (March 10): Hong Kong-listed Country Garden Holdings Co Ltd has denied that the closure of Forest City’s sales galleries in China was due to the government’s capital control policy.
Country Garden closes all China sales centres
KUALA LUMPUR (March 10): Hong Kong-listed Country Garden Holdings Co Ltd has closed all sales centres in China for its Forest City housing project in Johor, according to a South China Morning Post report yesterday.
Country Garden’s Central Park begins soft launch of first phase
PETALING JAYA (March 1): Central Park, a joint-venture (JV) project between Hong Kong-listed Country Garden Holdings Co Ltd and Damansara Realty Bhd, will soft launch phase one of the residential developments in Tampoi, Johor this Saturday (March 4).
