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Glomac Bhd to launch Phase 1 of Loop City this weekend

Glomac Bhd will be launching Loop Residences, the first phase of the 15.3-acre (6.19-hectare) Loop City with a gross development value (GDV) of RM1.6 billion, on Nov 11 to 12, said Glomac Bhd managing director and chief executive officer Datuk Seri Fateh Iskandar Mohamed Mansor (FD Iskandar) during the unveiling ceremony of Loop City at Lakeside Residence Sales Gallery, Puchong on Monday.

Avaland’s Casa Embun Phase 1 in Cybersouth 70% taken up

Avaland Bhd's Casa Embun apartment development in its 417-acre (168.75-hectare) Cybersouth township in Dengkil saw its first phase 70% taken up since the launch in January, according to a press statement on Friday.

HBA’s views — the status quo on OPR by BNM

In a reaction to the latest move by Bank Negara Malaysia (BNM) to maintain its overnight policy rate (OPR) at 3%, the National House Buyers Association (HBA) is of the view that the “direct impact of the OPR on house buyers is not material”.

Economists divided on BNM's next OPR decision

While Bank Negara Malaysia's (BNM) decision to keep the overnight policy rate (OPR) unchanged at 3% in its final monetary policy committee meeting for the year was well expected by economists following Malaysia's positive economic growth, they, however, appear divided on the central bank's stance going forward.