Property
Forest City proves buying an overseas home is to buy a cat in a sack
By Property Soul  •  September 3, 2018

Malaysia leader Mahathir Mohamad organized a five-day official visit to China. Besides asking China to withhold two major Chinese infrastructure projects, an agreement was reached to directly import whole fruit of Malaysian durians to China.

As early as 2019, thousand tons of Mao Shan Wang will be exported to different provinces in mainland China.

Foreigners are not welcome

While working on stronger ties with China, Mahathir didn’t forget about Forest City.

Last Monday, the Malaysia Prime Minister said at a press conference that foreigners will not be allowed to buy residential units at the Country Garden project. They also won’t be granted visas to come and live there.

As I mentioned in my podcast “Mahathir, China Projects and Forest City”, Mahathir has been uneasy with the astronomical amount of Chinese investment in Malaysia even before the election. And Forest City has always been a thorn in his eye.

He once said,

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By Property Soul
I have developed a strong passion for properties since young. In my 20s, I was relocated to Singapore where I bought my first condominium unit at the end of 2002. I added four more to my property portfolio in 4 ½ years’ time. I never expected their total value could be doubled in just a few years.
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