Forest City

Malaysia’s Strategic Push to Attract High-Net-Worth Family Offices In a strategic move aimed at bolstering economic growth and driving high-value investments, Malaysia is setting its sights on attracting affluent local and foreign individuals with assets under management (AUM) ranging from RM500 million to RM1.2 billion. Over the next five years, this initiative is expected to generate substantial local...

The recently announced incentives for Forest City’s special financial zone (SFZ) are set to boost international capital inflows, further positioning Johor as a key economic driver for Malaysia, according to Prime Minister Datuk Seri Anwar Ibrahim. Speaking at Invest Malaysia 2024, the Prime Minister outlined the strategic measures designed to enhance Johor's growth, transforming the region into the...

The Securities Commission Malaysia (SC) has released detailed conditions for Single Family Office Vehicles (SFOVs) to qualify for the 0% concessionary tax rate, a key incentive announced to boost investment in the Forest City special financial zone. Among the essential requirements is that SFOVs must manage at least RM30 million in assets under management (AUM), with a minimum local investment of 10% of...

The Malaysian government has introduced a series of tax incentives to accelerate the development of Forest City as a key financial hub. Located in Johor, this 1,400-hectare private development has struggled to meet its ambitious growth targets since its inception, but these new incentives aim to position Forest City as a global financial and economic hub. Special Corporate Tax Rates and Personal Income...

In a significant move aimed at bolstering its presence and operations in Malaysia, Country Garden Group has announced the establishment of a dedicated Malaysia Division. This strategic initiative comes at a pivotal time, as Forest City, a flagship project under the Country Garden portfolio, continues to gain traction due to Malaysia’s revised Malaysia My Second Home (MM2H) policy, its new status as a...

The Johor government has endorsed the need for improved connectivity between Forest City and Singapore, proposing a direct link to attract more investors to the Special Financial Zone (SFZ) and the Johor-Singapore Special Economic Zone (JS-SEZ). State Trade Investment and Consumer Affairs Committee chairman Lee Ting Han emphasized the importance of seamless transportation to Singapore as a critical factor...

In an impressive display of market demand, the commercial units on Pulau Satu, Forest City, achieved an 80% take-up rate in less than an hour following their launch at the Forest City sales gallery. This milestone underscores the strong appeal of Forest City, a massive development project situated on four artificial islands near the Malaysia-Singapore border. Developed by Country Garden Pacificview Sdn....

Korean investment firm GG56 Korea Ltd has committed a significant investment of US$1 billion (RM4.37 billion) in Forest City, Johor Bahru, to establish Malaysia's first Korean Culture (K-Culture) Town. The announcement was made by the master developer of Forest City, Country Garden Pacificview Sdn Bhd (CGPV), following the signing of a memorandum of agreement (MoA) between the two companies. A Landmark...

Forest City's Pulau Satu to Thrive with Duty-Free Island Status, Boosting Tourism and Property Demand Forest City, located in Johor, is set to experience a surge in tourism and property demand with Pulau Satu's official designation as a duty-free island. This move is expected to have a significant positive impact on the local economy, according to industry experts. Economic Impact of Duty-Free...

Forest City: Malaysia's $100 Billion Ghost Town Becomes Reality Show Backdrop Malaysia's ambitious $100 billion mega-development, Forest City, was once envisioned as a luxurious haven for 700,000 residents. Today, it stands as a modern ghost town, with developers shifting their focus from creating a bustling community to turning it into a set for reality shows and documentaries. The Vision and the...