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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TTDI high-rise project can be axed – if RM110m compensation paid

PETALING JAYA (Aug 9): The developer of a contentious high-density, high-rise development at Taman Rimba Kiara (TRK) in Taman Tun Dr Ismail, Kuala Lumpur, is willing to cancel the project if Dewan Bandaraya Kuala Lumpur (DBKL) is willing to pay RM110 million in compensation, reported The Star.

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