Sunway REIT declares 2.15 sen DPU, warns property glut is a challenge

KUALA LUMPUR (Aug 10): Even as it endeavours to maintain a 100% payout of its distributable net income in the next fiscal year, Sunway Real Estate Investment Trust has cautioned of the “fundamentally challenging oversupply situation” brought about by tremendous new supply of retail, hotel, and commercial space in the market, exacerbated by lacklustre foreign direct investments and tourism activities.

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Charting new territory

  Just two weeks ago, Khalid Samad was sworn in as Federal Territories (FT) Minister, but he is already feeling the heat as a profuse number of unresolved issues await his decision and instructions.

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