What is the price range per square meter for Forest City units?

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Forest City Units Priced Between RM13,000 and RM18,000 Per Square Meter

Units sold by Country Garden Pacificview (CGPV) at the Forest City development in Johor are priced within a range of RM13,000 to RM18,000 per square meter. CGPV is a joint venture between Country Garden and a sister firm of Kumpulan Prasarana Rakyat Johor.
Unit Delivery Expectations for the Year

The Forest City development is projected to deliver over 20,000 units to buyers within the current year. This follows the delivery of 482 units at its Cerulean Bay development in the previous year. The development aims to increase the number of buyers who have taken possession of their properties, which currently stands at approximately 4,000.
Impact of Prime Minister's Remarks

Previous remarks made by the Prime Minister regarding foreign ownership had led to a "wait-and-see approach" from many international investors towards Malaysian investments. This condition consequently affected Forest City. Initially, the Prime Minister had stated that foreigners would be banned from purchasing property there, though this was later clarified to mean that such purchases would not grant Malaysian citizenship.
Buyer Diversification Beyond China

Buyers of Forest City units are not exclusively from China; the purchaser base also includes Malaysians and nationals from over 30 other countries. This indicates a diversified market for the development's properties.
Government Support and Economic Contribution

The development has reportedly received substantial support from the government, with assurances that Malaysia welcomes foreign investment. Forest City's contributions to the Malaysian economy, including job creation and technology transfer, have been highlighted. The company awarded RM1.6 billion in work to Malaysian contractors, paid RM300 million in state and local taxes, and allocated RM10 million for donations and corporate social responsibility projects.

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What is the price range per square meter for Forest City units?

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