KULAI, April 20 — Seventy per cent of the property development in Forest City, Iskandar Puteri, has been sold within the past two years and is set to continue to increase over the next three or four years.

State Housing and Local Government Committee chairman Datuk Mohd Jafni Md Shukor said the impact of property sales would further boost the economic sector in the area.

“Many unsold properties over the past four years have been sold within two years.

“For example, in Forest City, which people call a ‘ghost town,’ many people do not know that 70 per cent of the real estate development there has been sold, as well as in Country Garden and the surrounding areas of Johor Bahru,” he told reporters after the Hari Raya Aidilfitri Open House in Hutan Bandar Kulai here today.

He said this when asked to comment on the number of properties sold in Forest City so far.

He said that it is among the positive impacts of the continuous efforts of the state government, which is always committed to addressing the issue of unsold properties.

Meanwhile, Mohd Jafni said the state government’s initiative to enhance the efficiency of work processes and governance to reduce red tape or bureaucracy in the government delivery system could be a catalyst for progress in the state.

He said this could be seen through a recent statement by Prime Minister Datuk Seri Anwar Ibrahim, who anticipated Johor to become the most developed state in Malaysia following the implementation of several high-impact projects.

“I fully agree with the Prime Minister’s statement because Johor Menteri Besar Datuk Onn Hafiz Ghazi has engaged with investors from Singapore and China. All of this is happening,” he said.

Last Thursday, Anwar was reported to have said that high-impact projects such as the Johor-Singapore Special Economic Zone (JS-SEZ) and the Special Financial Zone (SFZ) could drive Johor’s economy to surpass other states within the next one to two years. — Bernama

https://www.malaymail.com/news/money/2024/0...ity-sold/129904

sold already but no one stay

Need wait for the final document for the SFZ, maybe a less stringent mm2h program?

Currently the unit was sold out but the owner unable to stay there more than 30 days due to the policy.

sold quantity = occupancy rate?

Forest City will be a success because it is so close to Singapore.

Heard they will now have water taxi straight from Forest City to Singapore. Travel time 15mins.

Need a special long term visa for Forest city area.

need to fish for more water fish

To be fair, this project was sabotaged by Mahathir in 2018 when he first became PM.

Dr M: Foreigners cannot buy residential units in Forest City
https://www.thestar.com.my/business/busines...foreign-buyers/

Then before Mahathir fall, China got new rules on foreign purchases.

Then Covid happened.

Then the developer almost failed.

i remember he go there and point2 finger at the forest city ads
crazy times

Go ahead & spin .

Let the gullible ones go buy 🤭

how many have subsequently default on their loan and faced foreclosure

how ? can take compress loan load up ?

Sister building for Amber Court.

what's the story with Amber Court ? haunted ?

Got any special discount?

Tot last week they said run down, not even 1 floor 1 people only?

these units were supposed to be provided free for China buyers when they buy expensive apartments locally in China

some sort of buy one free one deal, or a smart way to wash dirty money

that's the bubble komunis china bring to the world and infected everyone like their wuhanvirus, msia no exceptions when pencuri najib chose to work with ccp closely. all his keynesian expansionary policy would only help if productivity and output improve along, which never happened in msia because no way pencuri najib can stop protectionism and tongkatism, all he did was selectively kacau some conman mahathir crony like what the current half taliban pm did. all pencuri najib useless project now show their impact exactly like what ccp encounter in their stock market, property and fdi.

If sold people would like to collect the keys as fast as possible and move in.

Who wants to start paying their loans for nothing?