News about Forest City

PETALING JAYA (Sept 2): Putrajaya will come up with more explicit guidelines related to foreign purchases of properties into the RM410 billion-Forest City in Johor to help investors avoid making risky decisions, said Housing and Local Government Minister Zuraida Kamaruddin.

KUALA LUMPUR (Sept 1): Economic Affairs Minister Mohamed Azmin Ali (pictured) has revealed why the government is scrutinising the Forest City mega project in Johor.

KUALA LUMPUR (Sept 1): The Housing and Local Government Ministry (KPKT) will meet with the developer of the Forest City megaproject project on Monday to learn more about the project, its minister Zuraidah Kamaruddin (pictured) revealed today.

PETALING JAYA (Sept 1): Country Garden Pacificview (CGPV) has created 1,200 jobs as at today through its US$100 billion Forest City township development, the company revealed today.

PETALING JAYA (Aug 31): Country Garden Pacificview Sdn Bhd has cancelled the opening ceremony of its RM1.

PETALING JAYA (Aug 29): Prime Minister Tun Dr Mahathir Mohamad's public vagueness over the fate of massive China-funded infrastructure projects in Malaysia is meant to help a beleaguered Beijing pummelled by criticisms over its Belt and Road Initiative save its face, reported the South China Morning Post (SCMP).

PETALING JAYA (Aug 28): The Malaysian government has stressed that foreigners who wish to reside in Malaysia need to apply for permanent residency through the Malaysia My Second Home (MM2H) program.

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.