PETALING JAYA (Aug 28): The decision to ban foreign buyers of units in Country Garden Holdings' Forest City development in Johor is not official yet, said Housing and Local Government Minister Zuraida Kamaruddin.
KUALA LUMPUR (Aug 28): Country Garden Holdings’ shares “see-sawed” yesterday after Malaysian Prime Minister Tun Dr Mahathir Mohamad announced that foreigners will not be allowed to buy property at the Forest City (pictured) mega project in Johor.
PETALING JAYA (Aug 27): Country Garden Pacificview Sdn Bhd, the master developer of Forest City in Iskandar Malaysia, Johor, reiterated that all its property transactions comply with all Malaysian laws and regulations and have the necessary approvals to be sold to foreign purchasers.
KUALA LUMPUR (Aug 27): Prime Minister Tun Dr Mahathir Mohamad has announced that foreigners will not be allowed to buy property at the Forest City (pictured) mega project in Johor or be granted visas to live there.
PETALING JAYA (Aug 24): Hong Kong-listed property developer Country Garden Holdings founder and chairman Yeung Kwok Keung is confident in Malaysia’s economic prospects under the new government and plans to enlarge its investments in Malaysia, according to a report by Chinese daily Nanyang Siang Pau.
Top China developer Country Garden Holdings Co recently hit the news for the wrong reasons.
PETALING JAYA (July 20): China property developer Country Garden – the developer of Forest City and Country Garden Danga Bay in Johor – jumped to 353rd place this year from 467th place last year in the Fortune Global 500 rankings, underpinned by its 46% growth in gross revenue to RMB226.
KUALA LUMPUR (June 28): RAM Rating Services Bhd said today that it remains cautious of China-based Country Garden Holdings Co Ltd’s aggressive risk appetite, particularly in terms of land acquisition and total debt.
PETALING JAYA (June 26): Country Garden Danga Bay Sdn Bhd has reiterated that the preparation and execution of the sale and purchase agreements (S&P) between the company and its Danga Bay project’s customers follows the requirements of relevant Malaysian laws and regulations.
PETALING JAYA (June 25): Country Garden Danga Bay Sdn Bhd has denied allegations that it made amendments to the sale and purchase (S&P) agreements between the developer and the buyers of its Danga Bay project in Johor after the latter had signed the contracts.