Tower REIT’s 4Q2016 net property income drops 31.9%
The trust declared a final income distribution of 3.73 sen per unit, payable on Feb 28.
The trust declared a final income distribution of 3.73 sen per unit, payable on Feb 28.
The Waterside Residence is the first residential tower in The Light Waterfront Phase 2, with an estimated gross development value of RM240 million.
Having successfully diversified into the construction business, timber products company NWP Holdings Bhd is venturing into property development too.
Since its launch in 2013, the Malaysia-China Kuantan Industrial Park (MCKIP) has secured RM19 billion worth of investments. Its master developer, Malaysia-China Kuantan Industrial Park Sdn Bhd (MCKIPSB) remains optimistic as it targets to attract another RM10 billion this year.
Alexandra Technopark achieved a positive weighted average rental reversion of 8.5% for four new and renewed leases totalling16,700 square feet that commenced in 1QFY2017.
The growth in revenue and NPI was mainly driven by contributions from acquisitions, asset enhancement/redevelopment projects completed last year and a stronger performance in Hong Kong...
Ecofirst Consolidated said the lower performance for the cumulative period was due to lower billings from the Upper East @ Tiger Lane project, and higher marketing costs incurred for the early stages of Phase 1 of the Ampang Ukay project.
The property has a total build-up of approximately 10,421 sq ft, and is situated close to an existing KTM station and an upcoming MRT station.
The lower quarterly and annual DPU figures are mainly due to Keppel’s pro-rata preferential offering with the acquisition of Keppel DC Singapore 3 (KDC SGP 3).
Sime Darby Property said customers who purchase selected properties are entitled to receive a rebate of RM8,888 on the initial 10% down payment.