Forest City, a $100 billion development by Country Garden, continues to struggle with its “ghostly” reputation
All 156 units of Sunway Maple Residence Phase 1 in Sunway City Iskandar Puteri , Johor, were sold out within just two hours of their launch last weekend.
Phase 1 includes 156 double-storey terraced homes, ranging from 30ft by 60ft to 30ft by 90ft, with prices from RM1.22 million each . In stark contrast, . Designed to house 700,000 people in high-rise apartments and villas, the project has been hampered by slow sales and low occupancy. Tourists from Singapore and Kuala Lumpur have noticed that Forest City is unusually quiet and less impressive than expected. Aside from a few visitors staying for golf or family vacations, many areas remain empty.According to the New Straits Times, the sale achieved an 80 per cent take-up rate within an hour of its launch, with over 60 per cent of buyers being locals and Singaporeans and the rest being international buyers.
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