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 FOREST CITY, Iskandar Johor

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alvinX
post Aug 28 2018, 10:02 AM

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QUOTE(flight @ Aug 28 2018, 01:30 AM)
I think the ban is idiocy, we r looking for more fdi. Not less. Why hurt such a big prpject.

It will damage Malaysia in the eyes of theworld. Especially a project so deep into construction.
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With that scale in mind, it will likely just ended up with another "ghost town" made by Chinese company.

Build by Chinese company, hired Chinese work, bought by Chinese investor, on our own soil and with our own raw materials, which all belongs to sultan.
I don't see how it hugely benefits the local community, seriously.

Most buy are foreigners, out of them only a very small portion will live here.
So far, there isn't many job opportunity down there, it just pure residential, what's the point to live down there with just an expensive price tag.
alvinX
post Aug 28 2018, 11:15 AM

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QUOTE(flight @ Aug 28 2018, 10:46 AM)
That place was an empty sea. U think an empty sea benefits anyone? U put in 1 million people there. U see how much food they need. Teachers,, schools, hospitals.

To build that thing u need factories, labour, land. So many things can benefit the country. This is a political move.

Banning foreigners is a very stupid move. Why not ban foreigners from buying mont kiara?
Editt: if forest city becomes successful, i can imagine locals wanting to buy there, but if its a wasteland nobody will buy it, u ban foreigners from buying it and the development will slow down tremendously.
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Well, I never said it is a good move to ban foreigners. What I mean it is, its a grand and yet super risky project since the very beginning. It mean to target solely on investment from Foreigners. That's fine but consider with this scale, 1 million of foreigners? (FYI Penang population is 1.767 million).

They change their marketing strategy few times since the project launch due to the political changes around China and Malaysia. Based on the latest ad they put on, I believe it's they try to market it as a vacation home and retirement paradise for Chinese buyers.

You don't expect a vacation home and retirement paradise to spur the economic around in the short period of time but the main problem here is sustainability. Already a lot of example in China, during construction phase, YES! High GDP, economy growth, more factories, more labors.
But what comes after that? If there isn't any population around to sustain the business down there.

Comparing to Mont Kiara isn't ideal, its success story based on a natural growth of demands and supply. It's also very near to Kuala Lumpur. Forest City, it's more like a "brute force" development project in every aspect.

"Built it and they will come" they said, but too many question to be asked, too many question left unanswered. We will see, as most of the high rises going to VP around 2019/2020, until it is sustainable, it will just be a dream too good to be true.
alvinX
post Aug 28 2018, 05:13 PM

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QUOTE(mewhoyou @ Aug 28 2018, 05:02 PM)
there is an American International School so not bad la
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so far, that's the only attraction biggrin.gif

Mall coming up also, hopefully, god bless, it will survive.
alvinX
post Aug 29 2018, 10:25 AM

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QUOTE(corleone74 @ Aug 29 2018, 10:11 AM)
what you said is not true, they have no influence in singapore and they are not building any private ramp.
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Yeah, all these "duty free zone" and "special link access to singapore" were promised by our dear ex-leader Jibby during his visit to FC.

Singapore never say a word about it.
alvinX
post Aug 29 2018, 06:11 PM

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QUOTE(flight @ Aug 29 2018, 02:37 PM)
Forest city can be successful will benefit everyone la. Dont nit pick on all these small details....
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it ain't small, in fact it's big elephant in the room and potentially turning white some more !
alvinX
post Aug 30 2018, 02:56 PM

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QUOTE(BEANCOUNTER @ Aug 30 2018, 10:56 AM)
housing estate development is subjected to Malaysia state laws. Doesn't matter what foreign developers think. they have to follow local guideline.

unless people in high power in the state just said, you give me 40% share in the company FOC and you can have the land and do whatever you want with it.

maybe tun is hinting that whoever Chinese complained to Tun about some officers asking 30% free shares in the company is indeed was referred to FC.
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All we knew is the other half of the FC shares doesn't go to our PM but someone else which is consider super quiet now by his standard... Not sure why is that so...

 

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