Prime Minister Dr Mahathir Mohamad said his administration's decision to lower the floor price for foreign ownership of high rise properties do not invalidate his past criticisms of the Forest City project.

"Forest City is quite different. It is a very luxurious development (aimed at foreigners) which Malaysians cannot afford. That is different (from the rest of Malaysia).

"Here (outside of Forest City), Malaysians can buy (high rise properties). (Foreigners) can reduce the overhang since not enough Malaysians are buying," Mahathir said...