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JB Forest City


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Dr M,Malaysia Prime Minister,just said JB Forest City,non Malaysian cannot buy... [bigcry] I wonder what happened to those who already bought it.? :a-bang:

 

anyway i think it's more likely some restrictions will be put going forward.

 

Maybe CG can offer to help them build some subsidised housing for free etc.

 

[laugh]

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not really. most of them bought before capital flight controls were tightened in 2017. And many of them are ordinary citizens wanting to diversify or move to a healthier environment.

OIC ...... but they will always use it to send a chill down the spine of other wannabe whom want to park funds illegally
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difference in severity.

 

Overseas buyers cannot buy a project which was marketed at overseas buyers in the first place.

Vs imposing a ABSD that affects foreign and singapore held developers both and an ABSD that didn't say u can't buy, we just tax u a lot [laugh]

 

anyway Country Garden also seems puzzled since they just met mahathir last week

https://www.scmp.com/business/article/2161526/country-garden-shares-see-saw-amid-confusion-over-mahathirs-ban-foreign?utm_campaign=Echobox&utm_medium=Social&utm_source=Facebook#Echobox=1535364287

I am also confused by this line....

 

 

The stock, which had risen by as much as 3.9 per cent earlier on Monday, returned almost all of its gains for the day on the Hong Kong exchange after Mahathir’s comments were published, ending the day 2.5 per cent higher at HK$12.14.

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laoma is laoma ...

even in press conference he lambast investors like to hear lies

when we told them debt is 1 trillion they dont like

investors want to hear lies that it’s all good ... bo tai chi

but the house is already on fire yet to collapse only

 

This one, he maybe justified in stopping the project. Like i said, it was controversial in the first place.

But coming out with such one-off statements.

 

China is your largest trading partner and your govt is in a tough fiscal position. Well it doesn't inspire confidence in the investors like what all of us pointed out.

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This one, he maybe justified in stopping the project. Like i said, it was controversial in the first place.

But coming out with such one-off statements.

 

China is your largest trading partner and your govt is in a tough fiscal position. Well it doesn't inspire confidence in the investors like what all of us pointed out.

If he thinks he can squeeze China like how he plays the game with SG, he is probably delusional.

 

Having said that, China govt also don't want further capital flight, so they might not care.

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i saw some comment from other place.

 

say M just not happy this project he never receive angpao.

all the angpao go to N pocket.

 

if he flip prata again, and say its misunderstanding.

then its highly possible :XD:

Interesting read. More conspiracy stories.

 

https://thecoverage.my/news/china-refused-lend-malaysia-us40-billion-requested-mahathir-chinese-slash-budget-mahathirs-visit/

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rental rm1800 per month ... huat ah!

Freehold leh ... T2 can buy 1 floor to connect all the units? lol

 

https://www.propertyguru.com.my/property-listing/bay-point-country-garden-danga-bay-for-rent-by-desmond-lee-27213359

You should know, i NEVER touch Malaysia.

Moreover, property is but just one asset class to me.

I invest in many other asset classes with different levels of liquidity, risk and expected returns.

 

I am not gian png

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This site seems very anti mahathir but doesn't seem to give any credit for him trying to get Malaysia out of the big pile of dung that najib left Malaysia in.

Haha could it be sponsored by umno.

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ah tiong come out to speak liao .. i remember vaguely that it was misleading ads by developer or agent

buy condo under msia 2nd home scheme can get msia PR like bao jiak (sure get)

now laoma said ... PH govt will not issue PR for condo buyers

jit dong jeng!!!

 

here is the link for msia 2nd home scheme and benefits

https://mm2h.co/mm2h-benefits-incentives/

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This site seems very anti mahathir but doesn't seem to give any credit for him trying to get Malaysia out of the big pile of dung that najib left Malaysia in.

Haha could it be sponsored by umno.

Don't think it is a reliable site, too much conspiracies but interesting read nonetheless.
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So now how?

 

Cannot buy liao? 

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Forest City cost usd100 billion ..... Mahathir wants to house monkeys and baboons

ECR link cost usd20billion only (1/5 the cost of Forest City)

I catch no balls .... hope I got the numbers right

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