‘REITs’ fundamentals still intact’

KUALA LUMPUR (Dec 13): While the spike in Malaysian Government Securities (MGS) 10-year yield has made real estate investment trusts (REITs) relatively less attractive, analysts said the fundamentals of REITs are still intact and are still commanding a premium over MGS yields.

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Unsolicited offers for Selayang StarCity Mall

In an environment where consumer sentiment is weak and new malls are struggling to perform, a shopping centre that is soon to be completed in Selayang, Selangor — Selayang StarCity Mall (SSCM) — is attracting interested buyers, including funds and real estate investment trusts.

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