Committee set up to look into sale of Forest City Properties

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28 August, PUTRAJAYA – The government has set up a committee to look into conditions for purchasing housing units in Forest City, Johor before allowing foreigners to buy real estate in the project which involves investments totalling about US$100 billion, said Housing and Local Government Minister Zuraida Kamaruddin.

She said the setting up of  the committee was decided by Prime Minister Tun Dr Mahathir Mohamad when chairing the National Physical Planning Meeting (NPPM) at Perdana Putra here today, where her ministry, the Finance Ministry and the Johor government were represented.

“A decision whether the housing units can be sold to foreigners has not been made. That is why we have to have meetings, to check and evaluate the sale and purchase mechanism, she told reporters after attending the NPPM,

She said that she had been instructed to chair the committee for discussions with the agencies and developer involved.

The project has become a subject of controversy due to claims that the bulk of the housing units are meant for China nationals.

However, the developer has claimed that it had met all Malaysian requirements pertaining to the project.

– BERNAMA


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