The Business Times
business-time-50

Foreigners welcome in Forest City project: Johor chief minister

google-preferred-sourceAdd BT as a preferred source
Published Tue, Sep 4, 2018 · 09:50 PM

Iskandar Puteri, Malaysia

THE chief minister of the Malaysian state of Johor said on Tuesday foreigners are welcome to buy property in Chinese developer Country Garden's controversial US$100 billion Forest City project on Malaysia's southern shore.

Forest City is a 30-year project that provides jobs for Malaysians, chief minister Osman Sapian said, in comments that appeared to contradict Prime Minister Mahathir Mohamad's vow last week to prevent foreigners from buying housing in the project.

TRENDING NOW

Why is Apac poised to become such a significant market for aviation?

Asia-Pacific aviation: is up really the only way?

‘If a family develops a muscle for decision-making through philanthropy, these abilities can be carried across into more complex and emotionally charged conversations around succession, inheritance and stewardship,’ says Scott Chang, head of philanthropy, Asia, wealth planning and family advisory at Standard Chartered Global Private Bank.

Philanthropy should belong in the family wealth conversation: Standard Chartered Global Private Bank

Russian President Vladimir Putin (right) meeting Myanmar President Min Aung Hlaing (left) at the Grand Kremlin Palace in Moscow on Aug 18.

Russia’s ‘pivot to Asia’ takes a turn as it prioritises ties with isolated regimes over bigger economies

Andrew Yeo was at the helm of Income Insurance in July 2024 when Allianz proposed to buy a majority stake in it.

Income Insurance CEO Andrew Yeo resigns, company in process of identifying successor

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More