KUALA LUMPUR: Sunway City Bhd (SunCity) will delay the launch of its real estate investment trust (REIT) to next year on current weak market sentiment, says HwangDBS Vickers Research.
“We expect the REIT to be delayed again but it should be at a better value,” it said in a report yesterday.
By Kevin Lim & Daryl Loo (The Edge)
SINGAPORE: CapitaLand, Southeast Asia’s largest developer, reported a surprise 49% jump in quarterly earnings on strong home sales, and said it plans to dig into its S$4.4 billion (RM10.06 billion) cash pile for expansion in countries such as India and China.
The company also warned the year ahead could be rough going as investors and would-be home buyers shy away from property purchases amid volatile financial markets and expectations of a global economic slowdown.
