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China curbs challenge US$100 bil Forest City's Malaysia home sales

Mimi Sabreena 4:14:00 PM Informasi

China curbs challenge $100 bln Forest City's Malaysia home sales

SINGAPORE (Aug 4): Country Garden Holdings will struggle to match 2016 home sales at a US$100 billion Malaysian project after China's capital curbs slammed the brakes on outbound investment, a top executive said, despite greater marketing outside the mainland.

The developer has boosted promotion of its Forest City project outside of China, set up additional showrooms and hired more Malay and English-speaking salespeople, Yu Runze, chief strategy officer of Country Garden Pacificview, told Reuters in an interview.

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