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China's new rules could spark strategy change for Forest City
Country Garden development in Johor, where 70% of buyers are from the mainland, may see a downtrend
Add BT as a preferred sourcePublished Tue, Mar 14, 2017 · 09:50 PM
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Kuala Lumpur
CHINA'S tighter enforcement of foreign exchange policies will make property sales much tougher for its developers operating abroad that bank heavily on Chinese buyers.
One such is Country Garden, part of the Malaysian Forest City project in Johor, and which is already perceived as a potential Chinese enclave given seven out of 10 buyers are from the mainland.
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