SINGAPORE (EDGEPROP) - Located within the Iskandar Malaysia special economic zone (SEC) in southern Johor, Forest City comprises four man-made islands spanning 30 sq km. This year, more than 20,000 residential units are expected to be handed over to owners. More than 4,000 residential units have already been transferred to owners since March.
The first phase of 482 units at Cerulean Bay in Forest City were handed over to owners in September last year. Prices range from RM13,000 psm to RM18,000 psm, or the equivalent of $399 psf to $552 psf, for most of the residential units, according to its developer Country Garden Pacificview (CGPV).
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