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Tan & Tan Developments sees better outlook

Jointly developed by Tan & Tan Developments and Japan’s Mitsubishi Jisho Residence, Stonor 3 is located on a 1.48-acre freehold site along Lorong Stonor. It has a gross development value (GDV) of RM650 million.

Limited scope for OPR cut amid thin BNM foreign reserves — HSBC

“Unfortunately, there is limited scope for rate cuts beyond that. Although low inflation does provide room for easing, overly aggressive cuts could result in capital outflows, which BNM might find challenging to counter with its thin forex (foreign exchange) reserves.”

Malaya Acid seeks to sell PJ land for RM300 mil

Hong Kong-based Malaya Acid Works Sdn Bhd is putting a 17.26-acre land parcel it owns along the Federal Highway in Petaling Jaya on the market for an estimated RM300 million or RM400 psf.

EcoWorld’s Firsts campaign achieves 81% take-up

Company on track to achieve RM4 billion sales target in financial year ending Oct 31 (FY2016) after it achieved sales amounting to RM2.202 billion as at end-August, said president and CEO Datuk Chang Khim Wah.

Millennium Tower San Francisco buyers get that sinking feeling

The 58-storey 419-apartment luxury condominium has reportedly sunk 16 inches into the ground, and is now tilting six inches to one side, according to the lawsuit filed by homeowners in a San Francisco court last month, giving rise to the property’s new nickname, “the leaning tower of San Francisco”.