Sunway REIT’s 4Q NPI rises 19% to RM146m; declares five sen DPU

Sunway Real Estate Investment Trust’s net property income (NPI) for the fourth quarter ended Dec 31, 2022 (4QFY2022) rose 18.8% to RM146.19 million from RM123.1 million a year ago, due to higher revenue and reversal of doubtful debts resulting from improved rental collection in the retail segment.  Quarterly revenue increased by 18.34% to RM186.73 million compared to RM157.8 million, the...

Sunway Velocity Mall Spice Up Festive With Wander Wonder Christmas

‘Tis the season to be jolly with family and friends. Sunway Velocity Mall's Vanity Atrium has been brought to life with lights, colours and festive cheer during the Christmas holidays to Jan 2 next year. As the year approaches the end of a fruitful 2022, and after overcoming so many challenges, it is time to celebrate the year with joy and gratitude towards everyone around us.   “As...

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