Foreigners will be barred from buying properties in a planned $100-billion Malaysian city, the country's leader said Monday, after the huge development aimed at mainland Chinese buyers sparked widespread criticism. Forest City, an "eco-city" of high rises and waterfront villas, will sit on four man-made islands in Malaysia's southern state of Johor, just an hour from Singapore. The development, designed to house 700,000 people, is being built by Hong Kong-listed real estate giant Country Garden and a firm partly owned by Johor's sultan, and is due to be completed by 2035. It was developed with wealthy mainland Chinese buyers in mind. But Prime Minister Mahathir Mohamad, who ha...
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