M'sians snap up China developer's Selangor project

MALAYSIAN home buyers appear to have embraced Chinese developer Country Garden Holdings Co Ltd's Diamond City project in Semenyih, Selangor, with four out of five purchasers being locals. The take-up comes amid reports that the Hong Kong-listed builder plans to reclaim land for a huge 5,000-acre (2,023 hectare) man-made island near Pendas and the Second Link in Johor.

Work has already commenced on the island. Development would be undertaken…