Country Garden shrinks its Malaysia staff as sales of Forest City’s property trickle to a stop amid Covid-19 travel bans

//Country Garden shrinks its Malaysia staff as sales of Forest City’s property trickle to a stop amid Covid-19 travel bans

Country Garden shrinks its Malaysia staff as sales of Forest City’s property trickle to a stop amid Covid-19 travel bans

Country Garden Holdings, the largest foreign real estate developer in Malaysia, has trimmed the size of its workforce and sales team in the country by two-thirds over the past two years, as sales of its US$100 billion Forest City township near the Malaysian border with Singapore has slowed to a trickle.The developer, based in the Guangdong provincial city of Foshan, has cut its Malaysia staff to 500 as of June following three rounds of retrenchments over the last 18 months, from 1,700 in 2019,…

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By | 2021-09-01T00:15:19+00:00 September 1st, 2021|Business|Comments Off on Country Garden shrinks its Malaysia staff as sales of Forest City’s property trickle to a stop amid Covid-19 travel bans