Aseambankers Malaysia Bhd announced that:-

Axis REIT Managers Bhd’s proposed acquisition of a five-storey building for RM37mil will boost its asset size to RM618mil, bringing it closer to its target size of RM800mil by year’s end, This proposed buy represents its 16th property which is an office and factory in Petaling Jaya, from Wah Seong Industrial […]

In a filing with Bursa Malaysia, Atrium REIT announced it has:

has acquired an industrial building at Senai Industrial Park,Johor for RM12.5mil from Yong Jin Development Sdn Bhd.

Malaysian developers are taking every slightest opportunity to dispose of their assets to REIT in the quest to seek more liquidity. Whether it’s a good sign or not to the new unit-holders, it’s yet to see.
Sunway City Bhd has announced to set up the country’s biggest real estate investment trust (REIT) worth RM3bil […]

Axis Real Estate Investment Trust (Axis REIT) announced a revaluation surplus of RM30 million to be incorporated in its fund following the revaluation of its five properties in Petaling Jaya, Selangor.

The properties’ total net book value was RM334.2 million following the revaluation exercise in August compared with RM304.27 million as at June 30, 2007;

There are present some guidelines governing the Malaysian REITS which incudes the following:
1.0 Development activities

REITs can enter property development transactions, provided:(i) there are no substantial dilution of earnings during construction period and (ii) the purchase agreement is made subject to completion of building with proper risk coverage

2.0 Related party transactions

Unitholders’ approval is required for disposal […]

A snapshot of the Malaysian Reits based on Hwang DBS Vicker Research:

Analysts believe that the extended pause in the Malaysian interest rate (at least for 2007) is a strong catalyst to Malaysian REITs.
FY07 average gross yield for Malaysian REITs is at 6.8% against 10 years MGS yield of 3.9% providing a difference of 2.9% spread. As reflected in the below table, compared to other risk […]