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KUALA LUMPUR (March 31): Eastern & Oriental Bhd (E&O) fell as much as 18 sen or 8% on profit taking after the stock rose ahead of the property developer's announcement on a planned joint venture with Malaysia's Retirement Fund (Inc).

EXSIM Development Sdn Bhd head of planning and development (residential/commercial) Michael Yam strongly believes that high-rise living is a trend that will soon become a norm in the major cities of Malaysia.

KUALA LUMPUR (March 31): The federal government says it is not to be blamed for any delay in Penang’s third link project as it has yet to receive the feasibility and detailed design studies from the state government.

PUTRAJAYA (March 31): Malaysians should change their mindset and rent houses for a longer period instead of buying them at a young age so as to avoid being trapped in a huge long-term debt, says Second Finance Minister Datuk Seri Johari Abdul Ghani (pictured).

Rented for: RM3,200 a month Concluded by: Mayzel Wong (REN 17359) of Khoo & Associates Realty (017-575 8999) When: Nov 21, 2016 Noteworthy: ● Leasehold ● 1,400 sq ft ● Ground floor of a two-storey shoplot ● Nearby amenities include F&B outlets, banks, mini market and Maritime Auto Mall ● About 5km away from George Town, 13km away from Penang International airport in Bayan Lepas and 6km to the Penang Bridge The unit is situated at Lebuh Sungai Pinang 1 in Jelutong, Penang, right behind Persiaran Karpal Singh, which is now one of the most popular chill-out places for locals and tourists owing to its fabulous sea view and a wide range of F&B choices.

KUALA LUMPUR (March 30): Yong Tai Bhd’s largest shareholder, Hong Kong-listed Impression Culture Asia Ltd, has pared down its controlling stake in the company to 28.

PETALING JAYA (March 30): Eastern & Oriental Bhd (E&O) and Kumpulan Wang Persaraan (Diperbadankan) (KWAP) will jointly develop Seri Tanjung Pinang Phase 2A (STP2A) in Penang.

SINGAPORE (March 30): OCBC Investment Research is maintaining its “buy” call on CapitaLand Ltd, raising its fair value estimate on the stock from S$3.

MIAMI (March 30): Mice began infesting human settlements some 15,000 years ago in the Middle East, said a study recently that suggested the little rodents have been scurrying underfoot far longer than previously thought.

KUALA LUMPUR (March 30): CapitaLand Malaysia Mall Trust (CMMT) remains cautious on its outlook for financial year 2017 (FY2017) due to a double whammy of topline and rental reversion pressures.