Malaysia will not allow foreigners to buy residential units in the $100-billion Forest City project in its southern state of Johor bordering Singapore, Prime Minister Mahathir Mohamad said on Monday.
“One thing is certain, that city that is going to be built cannot be sold to foreigners,” Mahathir told a news conference in Kuala Lumpur, the capital.
“We are not going to give visas for people to come and live here,” he added. “Our objection is because it was built for foreigners, not built for Malaysians. Most Malaysians are unable to buy those flats.”
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