Any news for this project?

VP soon?

Any news for this project? look like x laku

phase1 looks good..
very classy spanish design

Wow, this project looks impressive and very beautiful too.

They've even widen the lanes/roads at the entrance and added a turning in lane as well as an opening to the opposite side of the road.

ok

I have create a whapps group for diamond city, pls message me if u are the owner. My hp is 0133616668
Tq

Chinese developer Country Garden Holdings has closed all sales centres in mainland China for its flagship Malaysian housing project amid Beijing’s intensified crackdown on capital flight.
On Thursday, the South China Morning Post visited the project’s biggest Shanghai showroom on Tianshan Road, which only opened in October 2016. The gate was locked and the showroom empty.
A notice on the glass door said the showroom was “under renovation” but no renovation activities could be seen inside.
The Forest City project, covering 14 square kilometres of land on four artificial islands in Johor, Malaysia, was one of the best-known overseas properties among mainland Chinese residents due to Country Garden’s widespread promotion, including heavy advertising on state-owned television.


The development had been successful in attracting Chinese buyers by offering affordable prices and access to Malaysia’s visa programme for long-term stays.
A Country Garden spokesman confirmed with the Post that it had shut all the sales centres in mainland China for renovation, but said the move had nothing to do with China’s capital controls.
The spokesman estimated there were dozens of Country Garden sales centres in China, without giving the exact number.
A notice on the door of Country Garden’s Forest City showroom in Shanghai said ‘under renovation’. Photo: Daniel Ren
To further curb capital outflows, the Chinese government in January banned its citizens from converting yuan into other currencies for overseas property purchases.
In the same month, Wu Bijun, general manager of Country Garden’s finance centre, who will become the company’s chief financial officer in April, told the Post that its projects in Malaysia had been affected by the government’s crackdown on capital outflows.
Alan Ho, a former sales agent at Country Garden’s Malaysia company, said about 90 per cent of Forest City buyers were from China.
Guangdong-based Country Garden, China’s second-largest developer, has four residential projects in Malaysia.
Initiated in 2013, the Forest City project faced many challenges at the beginning. The proposed massive reclamation at the junction of Singapore and Malaysia raised concerns on both sides about its environmental impact, and work was suspended in 2014.
China developer Country Garden expects 20 billion yuan in sales from Malaysia project this year

Construction restarted in 2015 with an expected investment of 250 billion yuan (US$36.2 billion) over 20 years and pre-sales were launched in 2016.
“We will develop apartments, villas as well as schools, hospitals, an exhibition centre and a financial special administrative region to achieve city-industry integration,” Country Garden president Mo Bin said at the time.
However, the Forest City project is losing its shine, according to Raymond Cheng, Hong Kong-based property analyst at CIMB Securities.
“The project doesn’t have much appeal to Malaysians while China’s crackdown on capital outflows will certainly slow its sales in China,” he said, adding that there probably would not be enough demand from Chinese buyers to keep sales going anyway.
Forest City has to date recorded contracted sales of about 20 billion yuan.
Shares in Country Garden slipped 3.4 per cent to HK$6.16 on Thursday.


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Is their Semenyih project affected?

Nt really as their target buyers r nt from china

It was, they have no choice to swift focus to local purchasers in order to move forward after Selangor state government set new regulations for foreigners (china) to buy selangor proprty few years back.

I remember at that time, the price of their linkhouse very hengki pengki like 30++% discount or something after they recognized they can't sell to mainland customers anymore.

This post has been edited by Diver Lim: Mar 28 2017, 03:47 PM

I thnk nt many china buyets will buy in semenyih as compared to forest city. Wow 30% discount a lot leh

First phrase terrace house selling before Selangor new policy for foreigners buyers. Check with developer how many percent that bought before the discount are mainland buyers, I am sure pretty high, expect local panel and partner buyers.

First phrase sand brick size around 20*70 from rm900++k discount to rm700++k after the new policy.
I can't think of better reason for:-
1) to price at rm900++k
2) to discount 30%


Often when investors bought property abroad, how deep they know about the actual location, traffic, infrastructure, local lifestyle and pattern?
Especially when China been harsh on black money and corruption recent years. Many peoples only want to channel money out from mainland away from the radar... And of course, PR.

This post has been edited by Diver Lim: Mar 29 2017, 11:16 AM

700×k for a 20x70 dsl nt cheap leh bro still d china buyers buy? Just bcos they trust cg?

Sand bricks? Really?

This post has been edited by neonikson1: Mar 29 2017, 10:00 PM

Hi, I am a buyer of Diamond City, 2-Storey Link House (target to complete by 2019). I've been quietly following this thread to learn more about CG but seems like it has become inactive recently.

Want to get feedbacks from Diamond City residents who have gotten VP:-
(i) how is the after-sales service of CG?
(ii) is CG delivering what've been promised?
(iii) is CG strict with their no-exterior-renovation rules?
(iv) how is the traffic during weekdays heading to work in KL?