Embattled Chinese developer Country Garden said on Monday its $100-billion project in Malaysia was proceeding as planned and it had sufficient assets, amid concerns over its financial strength.
said on Monday its $100-billion project in Malaysia was proceeding as planned and it had sufficient assets, amid concerns over its financial strength.
"Our company's projects in Malaysia are operating normally and the sales performance is strong," the developer's Singapore and Malaysia unit said in a statement, adding that its overall operation in the region was "safe and stable." Country Garden is building its largest overseas development, the massive Forest City project, across four reclaimed islands in the southern Malaysian state of Johor bordering Singapore.
Among the new incentives offered are a special income tax rate of 15% for skilled workers and multiple entry visas, Anwar said in a statement on Friday.
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