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#Flash* Mah Sing eyes US$620m China mixed property devt

KUALA LUMPUR: Mah Sing Group Bhd is teaming up with China's Danlong Realty (Beijing) Ltd to undertake a mixed development property project in Jiangsu province, with an estimated investment cost of US$620 million.
The company said on Wednesday, Dec 2 the project would be undertaken on an 87.31 acres site, west of Wuyi road in the Wujin district.

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Mah Sing plans RM280m high-end condos in Penang

KUALA LUMPUR: Mah Sing Group Bhd has proposed to acquire 13,694.94 sq metres of prime freehold land in Pykett Avenue, Georgetown, Penang for RM38.65 million.
The property developer said on Wednesday, Dec 2 the proposed acquisition of the land, measuring (147,416 sq ft or 3.38 acres), was for about RM262.19 per sq ft.

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Mah Sing eyes US$620m China mixed devt

KUALA LUMPUR: Mah Sing Group Bhd is teaming up with China's Danlong Realty (Beijing) Ltd to undertake a mixed development property project in Jiangsu province, with an estimated investment cost of US$620 million.

The company said on Wednesday, Dec 2 the project would be undertaken on an 87.31 acres site, west of Wuyi road in the Wujin district.

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Selangor plans to declassify hazardous map

SHAH ALAM: The Selangor state government is looking at the possibility of declassifying another classified document, the Hazardous Map which indicates the level of risk in residential areas in Hulu Klang.

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World’s most expensive office markets get cheaper

BOSTON: More than 130 cities worldwide had declines in rent expenses in the year ended Sept 30, CB Richard Ellis Group Inc. said in a report today. Almost 50 cities reported declines of more than 10%. Rental costs fell about 30% in Midtown Manhattan, 53% in Singapore and 41% in central Hong Kong. Overall, rents fell an average 7.7% across 179 markets worldwide.

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Euro ministers see minimal fallout from Dubai

BRUSSELS: European finance ministers said on Tuesday that Dubai's debt troubles would have little impact on their region, which is emerging from recession.

"What we understand today is there is no systemic risk," French Economy Minister Christine Lagarde said. "It's not a drama for the world of finance and the impact seems to be essentially regional."

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