The scale of the projects is dizzying. Country Garden’s Forest City, on four artificial islands, will house 700,000 people on an area four times the size of New York’s Central Park. It will have office towers, parks, hotels, shopping malls and an international school, all draped with greenery. Construction began in February and about 8,000 apartments have been sold, the company said.

It’s the biggest of about 60 projects in the Iskandar Malaysia zone around Johor Bahru, known as JB, that could add more than half-a-million homes. The influx has contributed to a drop of almost one-third in the value of residential sales in the state last year, with some developers offering discounts of 20 percent or more. Average resale prices per square foot for high-rise flats in JB fell 10 percent last year, according to property consultant CH Williams Talhar & Wong.

http://www.bloomberg.com/news/features/201...ut-of-everybody

With rm recent depreciation, it is probably the cheapest and also means those invested earlier lost in forex.

This post has been edited by icemanfx: Nov 22 2016, 06:52 PM

Believe the land is paid for; the developer is not under pressured to continue.

Locals have choice and most couldn't afford to pay. Doubt they will target locals.

IBS could revolutionize the building industry in the country, which is long overdue.

Yes! Oversupply, increasing foreclosure is fake news.

Chinese developers would not have develop unless have obtained undertaking from federal gomen on entry visa. entry visa denial may apply on new buyers, unlikely to effect those bought before may 2018.

Land is under state jurisdiction. if h.m consented, it is possible.

Except sands, aggregate and water, most if not all building materials and services were brought from china, not much was spent here for the construction. should the chinese enclave is occupied, it will add a substantial amount of gdp to johor state in consumers consumption, education, etc.

Politically, no land was not sold to foreigner. financially, land reclamation contract worth $$$$$$$$$$$$$.

This post has been edited by icemanfx: Aug 28 2018, 11:09 AM

Not if f.c have excellent Chinese and international schools and Universities.

This post has been edited by icemanfx: Aug 28 2018, 12:40 PM

Current oversupply is mostly held by buyers not developers.

Are Singaporean property investors more welcome than Chinese by politician?

Property is a zero sum game; one's loss is another's gain and vv.

In first tier china cities, price within 3rd ring road is from rmb 60,000/m2.

People don't buy property on pricing alone e.g. dsl in gua musang is substantially cheaper than kv, how many from kv snap up dsl or retire in gua musang?

the rich have many and better location to choose from e.g sydney, melbourne, vancover, new york, london, fort lauderdale, dubai, bangkok, cape town, little red dot, etc.

Chinese foods is available in almost every city and town in the world. local chinese food is more for southerners, which many northern and inland chinese can't take regularly.

how many chinese retire to overseas? of those retired overseas, where do they currently retired to?

This post has been edited by icemanfx: Jan 18 2019, 10:25 PM

May be you can enlighten us which city and town that chinese invested in numbers or may retire to don't have chinese foods.

This post has been edited by icemanfx: Jan 18 2019, 10:24 PM

Foods in rural china is cheaper than malaysia

This post has been edited by icemanfx: Jan 19 2019, 12:51 AM

These facilities are built for profits, not welfare.

For cultural and political reason, few Chinese retired to overseas. Those northerners couldn't stand cold winter may move to hainan island. And there are many vacant property in hainan.

What is nice food to locals may not be popular with northerners and inlanders, and vv.

This post has been edited by icemanfx: Jan 19 2019, 11:09 AM

As if there is a shortage of private medical center in Malaysia and country garden built for welfare.

This post has been edited by icemanfx: Jan 19 2019, 03:43 PM

Country Garden Holdings, a private real estate developer at the center of China's property sector crisis, said it had failed to make a $60 million debt payment and lacked sufficient cash to "meet all its offshore payment obligations."

In a statement published Tuesday on the Hong Kong Exchange, Country Garden President Mo Bin said the company has "been under remarkable pressure," and faces "significant uncertainty," as there has "not been any material, industrywide improvement in property sales."

https://asia.nikkei.com/Business/Markets/Ch...s-it-lacks-cash

country garden is unlikely to pump in more funds to forest city in the near future.

There is a rumour; after january 2024, the gomen may declare forest city a 'bonded area'.