- Malaysia will not allow foreigners to buy residential units built at the US$100 billion (S$136 billion) Forest City project in Johor, Prime Minister Mahathir Mohamad said on Monday (Aug 27).
The project has been wracked by uncertainty since Dr Mahathir's coalition scored a shock victory at a May general election, as developer Country Garden Holdings Co looks to revive faltering demand for its plans to build a city that would be home to 700,000 people.
"One thing is certain, that city that is going to be built cannot be sold to foreigners. We are not going to give visas for people to come and live here," Dr Mahathir told reporters at a press conference.
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