Dr M: Foreigners cannot buy residential units in Forest City

KUALA LUMPUR (Reuters): Malaysia will not allow foreigners to buy residential units in the US$100bil (RM410bil) Forest City project in Johor, Prime Minister Tun Dr Mahathir Mohamad said on Monday (Aug 27).

The project has faced uncertainty since Pakatan Harapan scored a shock victory at a May general election, as developer Country Garden Holdings Co looks to revive faltering demand for a city planned to be home to 700,000 people.