Significant increase in Singaporean, Malaysian buyers at Forest City

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KUALA LUMPUR (Sept 12): Country Garden Pacificview Sdn Bhd (CGPV) today clarified Forest City had seen a significant increase in Singaporean and Malaysian buyers, due to marketing efforts.

In a statement today, it said the marketing efforts had also started to target other regions such as Hong Kong, Macau, Taiwan, Singapore, Indonesia, Thailand, Laos, Myanmar, the Philippines, the United Arab Emirates (Dubai) and Japan.

“Our customer base to date is diverse and comes close to 30 countries. We expect this representation of home-buyers and investors to increase significantly in the near future,” the statement added.

CGPV also said an article in the Washington Post had quoted a company official who was not the official spokesperson for it.

The developer was responding to a Sept 10 article that said Forest City development was caught up in a growing rift between China and its neighbours, quoting the company official.

“We are surprised that The Washington Post did not provide CGPV the first right to comment on sensitive matters that were raised in the article.

“CGPV is open to engaging with The Washington Post to clarify our side of the story or address any information obtained by its reporter,” it said.

CGPV also clarified the newly-opened Shattuck-St. Mary’s Forest City International School as having capacity to accommodate 1,000 students. 

“This figure is a three to five-year target based on the commencement of the school in August 2018,” it said.   

CGPV is a joint venture between Country Garden Holdings — a property development company listed on the Hong Kong Stock Exchange; and local partners in Johor. — Bernama