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 FOREST CITY, Iskandar Johor

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flight
post Aug 28 2018, 01:30 AM

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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.
flight
post Aug 28 2018, 08:44 AM

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QUOTE(willyboy88 @ Aug 28 2018, 01:59 AM)
Perhaps it is a negotiation tactic for Tun M with the Chinese and Singaporean e.g. ERCL termination, HSR , Forest city etc?
Many Forest city buyers are from both China (majority) and Singapore.
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It doesnt affect the chinese belt n road drive. Forest city is a private initiative. I would certainly hope its a negotiation tactic.

Having such a large fdi suffer on a whim will put a question mark over potential future investments into malaysia. Especially from china.

Private investments r different from government driven investments.
flight
post Aug 28 2018, 10:46 AM

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QUOTE(alvinX @ Aug 28 2018, 10:02 AM)
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.
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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.

This post has been edited by flight: Aug 28 2018, 10:51 AM
flight
post Aug 28 2018, 10:59 AM

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QUOTE(BEANCOUNTER @ Aug 28 2018, 10:56 AM)
Johore got so much land, but they rather reclaimed land and give FREEHOLD status.....
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It was an empty sea.

The land near forest city will benefit in the long run. As long as the project is successful, the land nearby are all owned by malaysians.
flight
post Aug 28 2018, 11:40 AM

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QUOTE(alvinX @ Aug 28 2018, 11:15 AM)
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.
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Forest city is adjacent to Singapore. Much better than KL.

The development needs to reach a certain stage for the development to boom. Whether Forest city has reached that stage I dont know, I saw over 20 buildings being constructed last time. Putting the brakes on the development is stupid.

We are not selling our country away, we need these type of people coming into the country to boost the local economy. People with the ability to spend generate more economic benefit than people with less spending power. This in turn creates an environment where the people who are economically less well off are able to rise. U can see the development moving from Johor Bahru towards the second link, hence, towards Forest city.

Look 30 years into the future, Forest City will become an anchor for development to rise around it, and the economic development can move from Johor Bahru towards the second link. It's impossible that the place will only have foreigners. Having a bunch of very rich people hanging around there is not a bad thing.

This post has been edited by flight: Aug 28 2018, 11:40 AM
flight
post Aug 28 2018, 02:48 PM

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Malaysia is not so big la. Keep screwing with all the investments coming in and we will be having a lot of problems.
flight
post Aug 28 2018, 03:05 PM

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QUOTE(hummels @ Aug 28 2018, 02:53 PM)
sell to local lor...cheap cheap people can buy one..
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Call forest kampung, not forest city.
flight
post Aug 28 2018, 11:50 PM

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QUOTE(BEANCOUNTER @ Aug 28 2018, 06:00 PM)
Not all...

Only china. China will do deal irrespectively of corruption nature.

Less so for japan korea euro n america.

No doubt china tend to be cheaper.
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China is the largest fdi into malaysia, and it will grow. Slap them in the face and the fdi will go somewhere else.

Japan was strong 30 years ago. That is no longer the case, they r 1/3rd the size of china now.
flight
post Aug 29 2018, 02:37 PM

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Forest city can be successful will benefit everyone la. Dont nit pick on all these small details....
flight
post Aug 29 2018, 06:14 PM

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QUOTE(BEANCOUNTER @ Aug 29 2018, 04:23 PM)
none of those super developments along Iskandar can claim to be successful.

why this forest city be successful?
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QUOTE(DValentine @ Aug 29 2018, 05:25 PM)
bring a real architect and see for urself all the structures

u wont amazed
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QUOTE(DValentine @ Aug 29 2018, 05:28 PM)
iskandar i only see sunway's development will be successful

all those uem one already fail miserably  laugh.gif  laugh.gif
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Without a doubt there has been overbuilding and oversupply. But there should be more support in order to turn these developments into success, rather than throwing more obstacles in its path.


 

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