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BNM keeps OPR unchanged at 2.75%

Bank Negara Malaysia (BNM) has decided to maintain its overnight policy rate (OPR) at 2.75%, as inflation is expected to moderate in 2023 with upward pressures remaining partly contained by price controls and fuel subsidies.

168 Park Selayang sales gallery officially launched

Formerly known as Selayang Star City, the 168 Park Selayang development was previously developed by Leadmont Group offering three high-rise residential towers, a serviced suites block and a mall.

MOF seeks to convert RM165m govt loan to UDA Holdings into equity

Putrajaya is seeking Parliament approval to convert some RM165.28 million government loan to UDA Holdings Bhd into equity investment, effectively forgiving these borrowings to the Ministry of Finance-owned property developer, according to motions filed to the Dewan Rakyat.

DONE DEAL: Shoplot, Johor Bahru, Johor

Noteworthy:

  • Freehold
  • Built-up size: 4,620 sq ft
  • Land size: 1,540 sq ft
  • Shoplot 
  • Three bathrooms
  • Unfurnished
  • Nearby amenities: Convenience stores, F&B outlets, Midvalley Southkey Mall, Toppen Shopping Centre, AEON Mall Bandar Dato Onn. 
  • Accessibility: Pasir Gudang highway, Senai-Desaru expressway

When: November 2022

Real women in real estate

We want to celebrate pioneering women breaking new ground in real estate through technology and innovation, even as they lead in every aspect of the segment, from financing to town planning.

Tropicana Miyu in Petaling Jaya fully sold

Tropicana Corp Bhd announced that its ongoing project Tropicana Miyu in Petaling Jaya, Selangor is fully sold. The condominium project was launched in September 2020 and slated for completion in August 2024.

DONE DEAL: Shopoffice, Kepong, Kuala Lumpur

Noteworthy:

  • Leasehold
  • Built-up size: 2,551 sq ft
  • Land size: 1,324 sq ft
  • 2-storey shopoffice
  • Fully-furnished
  • Nearby amenities: Convenience stores, F&B outlets, clinics, MRT Metro Prima 
  • Accessibility: Federal highway, DASH highway

September 2022