Sunway REIT FY18 core net profit in line on better retail, hotel ops
Sunway Real Estate Investment Trust (Aug 10, RM1.
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.
SunCon wins bid to lease S'pore land at S$25.7m for proposed development
KUALA LUMPUR (July 27): Sunway Construction Group Bhd (SunCon) said today it has won the bid for the lease of a piece of land in Singapore from the island state's Building and Construction Authority.
SunCon and Sunway REIT agree to contract revision to RM286m
KUALA LUMPUR (July 21): Sunway Construction Group Bhd (SunCon) and Sunway REIT Management Sdn Bhd have mutually agreed to revise the provisional contract sum of an ongoing project in Penang from RM274 million to RM286 million due to additional scope of works.
Western Digital undecided on sale of PJ facility
PETALING JAYA (July 20): Western Digital, which is shutting its facility at the Sungei Way Free Trade Industrial Zone down by the end of next year, said it has not decided if it will ell the 11-acre property.
Non–cancellation of LRT3 a short term reprieve for contractors, says CIMB Research
KUALA LUMPUR (July 13): CIMB IB Research has maintained its “Underweight” rating on the construction sector after the Ministry of Finance (MOF) allowed the LRT 3 project to proceed but at a lower all-in cost of RM16.
Non–cancellation of LRT3 a short term reprieve for contractors, says CIMB Research
KUALA LUMPUR (July 13): CIMB IB Research has maintained its “Underweight” rating on the construction sector after the Ministry of Finance (MOF) allowed the LRT 3 project to proceed but at a lower all-in cost of RM16.
DONE DEAL: Single-storey factory in Mukim 1, Seberang Perai, Penang
Rented for: RM85,000 a month Concluded by: JT Tan (REN 08365) of Khoo & Associates Realty (012-392 6682) When: April 5, 2018 Noteworthy: ● A factory with a land area of 130,680 sq ft and built-up size of 50,000 sq ft ● Nearby amenities: Sunway Carnival shopping mall, Megamall Pinang, hospital, banks and boutique hotels ● About 5km away from Penang Bridge, 25km to George Town, 25km away from Bayan Lepas Industrial Park and Penang International Airport Located in Mukim 1 of Seberang Perai Tengah (Central Seberang Perai), which is home to some of the earliest industrial developments in Seberang Perai, the factory is situated at the well-developed industrial district which has a high concentration of manufacturing activities.
Sunway says on track to meet 2018’s RM1.3b sales target
KUALA LUMPUR (July 6): Sunway Bhd, which announced yesterday it had received overwhelming response to its Sunway GEOLake Residences project during an exclusive preview of the project recently, said its property development arm Sunway Property is on track to meet its 2018 sales target of RM1.
