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k1976

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CNA spoke to 10 residents from the two developments in Johor - Forest City and Danga Bay - who expressed that they are concerned that the parent company’s financial woes will have a spillover effect on the completion of projects in Malaysia.

They worry that this may have an indirect impact on property value as well as their living environment, looking at Country Garden’s moves over its projects elsewhere.

According to news reports in Australia, the beleaguered China company is putting up for sale a 150-hectare undeveloped portion of its Windermere estate with an asking price of A$250 million (S$218 million).

A report by Financial Review also quoted the developer as saying that it plans to “divest” its last remaining project in Australia - the A$2 billion Wilton Greens Estate in Sydney.

Mr Samuel Tan, the executive director of KGV International Property Consultants in Johor, tells CNA that it is “quite inevitable” that debt issues by Country Garden China will also trigger negative sentiments among current residents and prospective buyers in Malaysia.
 

k1976

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Loyal
CNA spoke to 10 residents from the two developments in Johor - Forest City and Danga Bay - who expressed that they are concerned that the parent company’s financial woes will have a spillover effect on the completion of projects in Malaysia.

They worry that this may have an indirect impact on property value as well as their living environment, looking at Country Garden’s moves over its projects elsewhere.

According to news reports in Australia, the beleaguered China company is putting up for sale a 150-hectare undeveloped portion of its Windermere estate with an asking price of A$250 million (S$218 million).

A report by Financial Review also quoted the developer as saying that it plans to “divest” its last remaining project in Australia - the A$2 billion Wilton Greens Estate in Sydney.

Mr Samuel Tan, the executive director of KGV International Property Consultants in Johor, tells CNA that it is “quite inevitable” that debt issues by Country Garden China will also trigger negative sentiments among current residents and prospective buyers in Malaysia.
 

k1976

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FOREST CITY ONLY 15% COMPLETED; RESIDENTS FEAR VALUE DEPRECIATION​

In a press statement on Aug 2 - just 12 days before news broke that Country Garden in China missed bond payments and its shares sank - Country Garden Malaysia said the firm was committed to proceeding with its plan to develop Forest City, in line with the existing master plan until 2025.

The statement quoted the firm’s regional deputy president Syarul Izam Sarifudin as saying that development at Forest City had been hampered by “unforeseen factors such as the COVID-19 pandemic and the slow global economy”.

Mr Syarul Izam Sarifudin also said that the company is “always prepared to review and to re-evaluate Forest City's development plans after 2025” if there is a need to do so.

Construction of the Forest City project began in 2015, with an aim to develop four artificial islands covering a total of 20 sq km.
 

borom

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Asset
Never too late to learn or repeat too often, its better to buy overseas properties upon legal completion and issuance of land titles .
You may pay a premium but you are at least able to able to get the property in the condition and exact location with the view you want .
 
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Capano2121

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Buyers are truly fucked. Malaysian developers are not interested in maintaining a good reputation in the industry and Malaysian buyers are just simply glad that they can buy new projects! KL frequent visitors from Singapore will see plenty of all in one development sprouting up all over! If buyers can buy these kind of garbage development they"ll buy any shit!
 

k1976

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Buyers are truly fucked. Malaysian developers are not interested in maintaining a good reputation in the industry and Malaysian buyers are just simply glad that they can buy new projects! KL frequent visitors from Singapore will see plenty of all in one development sprouting up all over! If buyers can buy these kind of garbage development they"ll buy any shit!
Sell high to u, back back low low
 

Valium

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Tiagong 7th mth is very fierce
Normally she's already the supreme slut, one time can fuck 100 men concurrently per hour. Imagine all her 三魂七魄 all come out and slut around. That's 10x the whore she is.
 
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