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Bank Negara maintains OPR at 3%
As reported in The Star Online, Bank Negara has maintained the overnight policy rate (OPR) at 3% at its Monetary Policy Committee (MPC) meeting held today after an unexpected 25-basis point cut in July.This was in line with market consensus for the benchmark key interest rate to stay at the...
Singapore kicks off green week
BY JONATHAN ROBERTSjonathan@propwall.comSINGAPORE: To honour its pledge to reduce emission intensity by 36% from the levels marked in 2005 with an end goal to reach peak emission by 2030, Singapore Green Building Week (SGBW) 2016 invites the whole community to play their part in building a safer...
Maybank IB : Sunway acquisition of land in Singapore of concern
As reported in The Star Online, Maybank IB Research said it was concerned on Sunway Bhd's latest acquisition of a leasehold land in Singapore due to stiff competition.The research house on Wednesday said while it was neutral on Sunway’s latest acquisition in Sengkang as the land cost seems...
Worker shortage weighs on hot US housing market
As reported in The Star Online, there is the familiar sound of hammers drumming most mornings through suburban Denver. Here is where Jay Small, the owner of a company that frames houses, is building about 1,300 new homes this year.That amount is more than triple the houses that he has built a few...
Mall adds 22 new retailers
Paradigm Mall offers shoppers more options with the addition of 22 new stores.As reported in The Star Online, 22 new stores were recently added to the Paradigm Mall in Petaling Jaya. Brands include the new ones such as MC Vogue, Nathan’s Famous, JDF, and Vareo.New F&B outlets such as Taiwan...
AmInvest to double REIT assets to RM500m
As reported in The Star Online, AmInvest is targeting to increase its Real Estate Investment Trust (REIT) assets under management (AUM) to RM500mil for the financial year ending March 31, 2017.As of Sept 6, its REIT AUM was valued at RM267mil.The asset management house is "underweight" on...
Salim named Property Icon of the Year
Prestigious award: Salim accepting the “Property Icon of the Year” award from Abdul Rahman (second left). With them are Perak Mentri Besar Datuk Seri Dr Zambry Abd Kadir (third from right) and other guests of honourPETALING JAYA: Malaysian Resources Corp Bhd (MRCB) group managing director Tan...
Ara Damansara plagued by rubbish
As reported in The Star Online, Ara Damansara is a modern bustling township. However, with rapid development comes a price; the area is facing issues such as illegal dumping, especially along the Sungai Kayu Ara riverbank.Firemen putting out fire at an illegal dumpsite under the bridge along Jalan...
Affordable homes to be completed by year-end
The AHS-Teluk Kumbar (Duo Residensi) project coming up in Jalan Bayan Lepas.As reported in The Star Online, the affordable housing project, The Bandar Cassia in Batu Kawan, Nibong Tebal is almost 80% complete.Penang Town, Housing and Country Planning Committee chairman Jagdeep Singh Deo said Phase...
Affordable housing in Penang to be key sales driver
PETALING JAYA: AllianceDBS Research said the Penang property market has been facing challenging conditions since 2014 as property prices continue to rise, albeit at a slower pace.“We notice that transaction numbers have continued to extend its decline in 2016 and there is no sign of a recovery in...