Johor's Forest City could house up to 700,000: Developer - See more at: http://www.st

[xebay11]

Re: Johor's Forest City could house up to 700,000: Developer - See more at: http://ww

Actually the real reason for Forest City is to thwart our desalination plants, Malaysia not stupid, they will do everything to make us depend on them for water. Newater is the only option.

 

[Runifyouhaveto]

Re: Johor's Forest City could house up to 700,000: Developer - See more at: http://ww

Read this article carefully

Johor to set up special zones for foreigners to buy property
In a move to address fears of foreigners snapping up all available property, the state will designate international zones or housing development projects within Iskandar Malaysia.
http://www.thestar.com.my/News/Nati...-special-zones-for-foreigners-to-buy-property


Means what? This is the first step. If this plan goes thought, it means foreigner can only buy in the special zones. What happens to those projects outside special zones that were snapped up by Singaporeans before Iskandar was launched in 2007?

- Johor already imposed min 500K-1mio purchase price for foreigners, so if the property is cheap, the only resale avenue is back to Malaysians.

- If foreigners are restricted to buy in special zones, it hints that it is also easier for them to adopt/consider similar policies in some Australian cities that requires foreign investors to only offload properties back to locals.

 

[Runifyouhaveto]

Re: Johor's Forest City could house up to 700,000: Developer - See more at: http://ww

"Foreigners can only buy property located in the international zone" - Johor Mentri Besar Datuk Seri Mohamed Khaled Nordin
http://www.thesundaily.my/news/1419580

Like CLOB, there is somehow someway to trap and harvest from every generation of Singaporeans.

 

[lifeafter41]

Re: Johor's Forest City could house up to 700,000: Developer - See more at: http://ww

"Foreigners can only buy property located in the international zone" - Johor Mentri Besar Datuk Seri Mohamed Khaled Nordin
http://www.thesundaily.my/news/1419580

Like CLOB, there is somehow someway to trap and harvest from every generation of Singaporeans.

Yesterday can buy rm1kk and above, tomorrow international zone, next day can only sell if hold more than 3 years, the day after can only sell if price min rm2kk.

The more they change and put more rules in place, the more worried investors is.

 

[Wunderfool]

Re: Johor's Forest City could house up to 700,000: Developer - See more at: http://ww

Yesterday can buy rm1kk and above, tomorrow international zone, next day can only sell if hold more than 3 years, the day after can only sell if price min rm2kk.

The more they change and put more rules in place, the more worried investors is.

It is not surprising... their Election also coming ... so there will be more changes to limit foreigners' speculation on property in MY.