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Hong Kong shop rents decline further

 Prime street shops rents are expected to drop further across all major retail districts in Hong Kong, including Hong Kong Central, Causeway Bay, Tsim Sha Tsui and Mong Kok,according to the latest Hong Kong Monthly Property Market report by Knight Frank. 

EPF mulls disposing of UK property

According to a PropertyWeek.com report dated June 12, the EPF is said to be offering £155 million (RM1.02 billion) for the luxury business park, which currently houses the European headquarters of US telecommunications company Verizon UK Ltd.

Cash flow issues may arise as MRCB takes on mega jobs

On Wednesday, MRCB announced that it had bagged two contracts to upgrade facilities at the National Sports Complex in Bukit Jalil here for RM1.6 billion and  to develop a commercial project named Kwasa Utama in the Kwasa Damansara township here for RM3.1 billion.