Unable to access Swift 4 class from Objective-C: “Property not found on object of type”

The rules for exposing Swift code to Objective-C have changed in Swift 4. Try this instead:

@objc var foobar = true

As an optimization, @objc inference have been reduced in Swift 4. For instance, a property within an NSObject-derived class, such as your TestViewController, will no longer infer @objc by default (as it did in Swift 3).

Alternatively, you could also expose all members to Objective-C at once using @objcMembers:

@objcMembers class TestViewController: UIViewController {
    ...
}

This new design is fully detailed in the corresponding Swift Evolution proposal.