Nation Garden Holdings Co. is the developer behind Forest City. If you don't know exactly what that is, it's a monstrous real estate project that holds around 700,000 people, and is built on 4 interconnecting islands in between Singapore and also Johor. This is on the forecast that Johor will certainly be "the next Shenzhen". Exactly what does Woodland City indicate for Singapore? Although it's a bit very early to state, we can provide some practical assumptions concerning Woodland City's effect, if all goes according to strategy. We understand, as an example, that besides 700,000 domestic systems there will certainly likewise be a great deal of commercial and also retail room. And at the opening event, Malaysian Prime Minister Najib Razak proclaimed the location a duty-free zone, along with company tax obligation rewards for select markets (tourist as well as healthcare were pointed out). Right here's just what we believe the most likely influence will be on us:
- Singaporean capitalists in Iskandar could be in problem
- Singaporean investors in Iskandar could be in trouble
- We may stand to take advantage of an influx of Chinese tourism
- Similarly, this indicates bigger groups of Chinese travelers
- Feasible ecological mayhem
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