Worst probably over for Sunway REIT as analysts see earnings recovery

KUALA LUMPUR (Aug 4): The worst is probably over for Sunway Real Estate Investment Trust (Sunway REIT), analysts said today, as they expect the property trust’s earnings to recover in the coming quarters after the group contended with the impact of the Covid-19-driven movement control order (MCO) in Malaysia to curb the outbreak.

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DONE DEAL: Condo unit, Seri Hijauan, Shah Alam, Selangor

Sold for: RM450,000 (RM404 psf) Concluded by: John Oh Ewe Hock (REN 07002) (012-298 6266) of Oriental Real Estate Sdn Bhd Date: May 2020 Noteworthy: ● Freehold ● Built-up size: 1,114 sq ft ● 3 bedrooms; 2 bathrooms ● Fully furnished unit with home appliances and built-in cabinets and wardrobe ● Facilities: Swimming pool, gym, karaoke lounge, tennis court, gazebo, function room and playground ● Amenities: Schools and colleges, commercial area, eateries and restaurant, banks, petrol station and shopping mall ● Five minutes away from the NKVE interchange.

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