Anyone saw this news about Forest City? Will this affect the sales for this project?

http://www.channelnewsasia.com/news/business/country-garden-shuts-china-showrooms-for-johor-s-forest-city/3584872.html

Apparently China is introducing measures to curb Capital Flight from happening in China.

Yes it will affect Forest City as Chinese nationals (majority of FC buyers) will have difficulties bringing their wealth out from China.

Is this the beginning of a disaster in Forest City???

http://www.propertyguru.com.my/property-news/2017/3/148283/more-abandoned-projects-due-to-chinas-capital-control?utm_source=facebook&utm_medium=social&utm_campaign=organic-news

You can judge for yourself. Will have dominos effect on this. 

Oh no.. That's not a good news. Might be a risk for buyer in malaysia.

i wonder how many % are Singapore and Malaysian buyers? i reckon in the region of 5-10% only.

More abandoned projects for sure. And I heard that more than 90% is China buyers. 

@Ling 

Heard rumors that Johor royalty is involved in Country Garden projects in Johor... to which extend I am not sure.

I wonder if anyone joined the event on 18/3 to showcase Forest City?

Oh well, only time will tell if these man-made islands will really survive...

@domng Didn't heard of that insiders news tho. But according to one of my friend who went there before, their showroom is worth visiting due to the "grandness". But beware of the huge population of China visitors. HAHAHA

@Ling 

Yes, need an escort to accompany during showroom visits. Should be very. ATAS. Maybe I should go again and book an appointment with them. 

Yes. The developer even provide a tour every week or two weeks once for interested buyer to go to their showroom :)

Now i pass an area with full view of Forest City regurly... wonder if there is a risk of it sinking into the sea... only time will tell

@Ling thanks for sharing