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Johor Rehda: Do away with 15% bumiputra discount

The take-up rate for commercial and industrial properties by bumiputra buyers was low, between 2% and 3%, he said, and this forces developers to hold the unsold units before eventually getting permission from the state government to sell them to non-bumiputra buyers.

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Hong Leong Holdings: 2nd residential project in Chengdu

Competition is fierce, as many local and foreign companies have moved in to build supporting services and facilities, including residential projects. Lim Mian Wei, general manager (business development) of Hong Leong Holdings (China), remains confident that Springdale Park will do well.

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