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 FOREST CITY, Iskandar Johor

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cdspins
post Aug 30 2018, 11:08 AM

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Who ever got the money want to buy there, buy lo, be it foreigners or Malaysian. Price of the property does not merely depends on the location, it also depends on the exclusivity of the project. The problem I think is that the house is offered to foreighners with a 10 year visa and that is a big No No.
cdspins
post Aug 30 2018, 11:33 AM

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QUOTE(BEANCOUNTER @ Aug 30 2018, 11:13 AM)
this Tun is very pandai in selected his words when making speech wan....that's why he is still the PM.

whatever visa its still the mm2h program that sanctioned by Gov lah. Different department that processes it. Not like when you got yr FC spa, you can march into immigration office, and watlah….yr foreign passport will have a 10yrs unrestricted visa.
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This is where the problem, Different department that process the VISA is more lenient especially on the term minimum liquid asset and not so stringent on the minimum monthly off shore income. This is worsen by having "agent" to help in the application process and you bet this agent from Forest City will know a way or two to ensure high approval rate. Not every one of the foreigner buying forest city is millionaire business man, some of them is just normal salary man pulling resources to apply and this is also part of the reason why China stop its people foreign currency exchange for property to halt normal citizen from purchasing offshore properties.

 

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