Significant increase in Singaporean, Malaysian buyers at Forest City

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

In a statement yesterday, 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 homebuyers and investors to increase significantly in the near future,” it 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 Sept 10 article that said the 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 that the newly opened Shattuck- St. Mary’s Forest City International School has the 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