Forest City attracts more M’sian buyers


THE mega development Forest City in Johor has attracted more buyers from Singapore and Malaysia as a result of ongoing marketing efforts and the establishment of sales galleries across the two countries.

Country Garden Pacificview Sdn Bhd (CGPV), the project’s master developer, said the company is also targeting buyers from other regions, namely Hong Kong, Macau, Taiwan, Singapore, Indonesia, Thailand, Laos, Myanmar, the Philippines, Dubai and Japan.

“To date, our customer base is diverse and comes from close to 30 countries. We expect this representation of home buyers and investors to increase significantly in the near future,” it said in a statement yesterday.

CGPV is a joint venture between Country Garden Holdings Co Ltd, a property development company listed on the Hong Kong Stock Exchange, and local partners in Johor.

The developer is currently engaging with the committee set up by the Housing and Local Government Ministry, and respects and abides by all rules and regulations in Malaysia.

CGPV made the statement to refute an article published by The Washington Post which read: “About 80% of the buyers of the project’s 18,000 units so far have been Chinese. Sales galleries for Forest City are scattered all over China.”

The master developer also said the individual quoted by the American publication was neither the official spokesperson from the CGPV, nor represent the company.

“The same article also mentioned that the newly opened Shattuck-St Mary’s Forest City International School has the capacity to accommodate 1,000 students. This figure is a threeto five-year target based on the commencement of the school in August 2018,” CGPV stated.

The Washington Post reported that a CGPV official said his company “was kind of forced” to bill its projects as part of Chinese President Xi Jinping’s broad Belt and Road Initiative in a bid to gain Beijing’s support.

The article also stated that promotional banners at Forest City’s showroom boast the support the project has from the Chinese Embassy in Malaysia and senior Chinese government figures.

The Washington Post added that the CGPV official had said the Malaysian government are now pushing the company to market its project to Vietnamese, Indonesians and people from the Persian Gulf countries to diversify residents of the Forest City and change perceptions that it is a Chinese-developed project for the Chinese market.

“We are surprised that The Washington Post did not provide CGPV the first right to comment on sensitive matters that were raised in the article. CGPV is open to engage with The Washington Post to clarify our side of the story or to address any information obtained by your reporter(s),” the developer added.