China’s capital controls start to bite into Forest City

The mega project, Forest City by China’s property giant Country Garden has been hit by the recent capital controls. Forest City has been touted as a major green living concept with numerous amenities from high-end retail to parks. There are also plans for a light rail transit system and a ferry network with links to Singapore. The right pricing and the proximity to Singapore city is the main attraction to lure buyers into the mega project.

Source: Today Online

Forest City

 

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