40% of the equity is owned by 1MBD or the Ministry of Finance Inc, 36% owned by Malaysia’s Iskandar Waterfront Holdings Sdn Bhd and the remaining 24% owned by China Railway Engineering Corporation Sdn Bhd.
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Lim: The new shopping malls that are being planned will also generate around RM3.5 billion worth of jobs in the next five years.
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The Ringgit was traded lower on the first day of trading due to a weak sentiment with the US monetary policy diverging to continue backing the greenback for this year.
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How did the estimated total cost soar in just a year, from the RM4.08 billion announced before the development was awarded?
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A currency dealer revealed that the US dollar’s exchange rate against a basket of major currencies fell to a one-week low as investors profited ahead of the New Year.
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A joint-venture project between BCB and Hong Kong-based developer United Harvest Group Co Ltd (UHG), it will be developed in a period of five years.
http://bit.ly/1NIIiHI

The Bandar Malaysia development involves the relocation of the base so that the area can be used for luxury housing, retail space, and office towers as part of the government’s effort to attract more tourists and investors to Kuala Lumpur.
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Singapore has proposed that the transit service, which will stop at several stations in Malaysia and hence primarily serve commuters travelling within Malaysia, be operated separately from the express non-stop HSR service.
http://bit.ly/1RnWtGL

With the success of the sale of Edra, we have decided to hold 40% of Bandar Malaysia and at the moment, we still own 100 percent of TRX” – 1MDB President.
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The land will be used for residential and commercial property projects, as there is still much upside for the property market in Penang Island given its land scarcity and various infrastructure developments,
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The figure, which came in lower compared to the RM180 billion posted over the same period last year, was primarily due to a significant decline in the approvals for investments in the real estate sector.
http://bit.ly/1Oq7bHx

Secondary properties completed less than 5 years are selling at 5 to 10% lower than the primary market. The gap becomes even bigger when the property is aged 10 years and above – prices would be 20 to 30 % lower than the primary market price. This is assuming the properties are comparable in all respects including being in the same location.
http://bit.ly/1TmluRC