Really has the salute those Chinese developer, always with a big bang.
Their braveness come with reasons, has something to do with the segment of buyers they are targetting on and i think there will be another waves of buying interest coming btw 2018-2020, the time when china economy transform to another stage.
Forest city was introduced as "besides singapore", and nothing much stressed about iskandar. Typical chinese marketing gimmick, all they want is to attract this rather huge segment of buyers, characterise by: 1. Slightly above middle class with some dispensible money in china, not too wealthy because those will choose US, canada, uk, aust or straight to sg
2. This segment buyers frustrated about lack of investment option in their country, buy shares lose money, buy property price not going up, got money dunno where to invest
3. Maybe many forummers here do not understand the attraction of MM2H or freehold, do they willing to commit just because it is freehold? To understand it, one need to know that there is no such thing as freehold in china, typical residential leasehold is 70 years, factory or commercial lease is even shorter. They will buy into it simply because it is freehold, regardless of future returns.
4. This segment of buyers is really huge and i believe there will be an infliction point when early buyers will attract more ongoing buyers when confidence gained.
Problem in long run is, it will be too investment oriented, bad for viable development.