Over-reliance on China developers
Joseph Wong and Yvonne Yoong | 14 Apr 2017 00:30
CHINA’S move to stabilise its economy by reining in capital outflows has raised much concern among businessmen, especially those linked to property and construction.

The tightening of its monetary policy and international investments has had an impact on mega-projects, such as the RM170 bil Forest City by Country Garden Holdings in Johor – the biggest overseas project by a Chinese property developer in the country.

Most Chinese developers engaged in selling overseas properties are forced to shift their focus from mainland buyers to those from other countries.

In the case of Forest City, over 60% of the project has been sold to buyers and investors in China and Hong Kong.