Sunway

The Employees Provident Fund (EPF) is set to yield a profit of RM46 million from the disposal of six retail properties located in Klang Valley and Johor. The properties being sold include the Giant Bandar Kinrara, Giant Putra Heights, Giant USJ, Giant Klang, Giant Ulu Klang buildings, along with the Giant Plentong building in Johor, amounting to a total valuation of RM520 million. Deputy Finance Minister...

Hong Leong Investment Bank (HLIB) Research said property developers with projects in Singapore could experience resilient local demand despite the new rate for the republic's Additional Buyers’ Stamp Duty (ABSD). The stamp duty, announced by Singapore's Ministry of National Development, is a property cooling measure to dampen investment demand and prioritise housing for locals meant for...

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...

‘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...