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 in [...]

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;

Chinese property trust RREEF China Commercial Trust listed in Hong Kong had asked for an independent valuation of its Beijing office complex after it discovered tenants were paying less rent than expected. This case highlights the risks in China’s booming but immature property market, the Hong Kong-listed real estate investment trust (REIT) said actual rents [...]

Although China has not yet drawn up rules allowing REITs, two mainland Chinese property trusts are listed in Hong Kong namely  RREEF China and GZI REIT  Earlier there is The CapitaRetail China Trust which  is listed in Singapore. REITs, which pay most of their rental income as dividends, have caught on across Asia in the [...]

A sister company of Indian developer DLF Ltd has hired bankers to arrange a property trust IPO in Singapore in a deal worth as much as US$2bil.  Other details: This planned real estate investment trust (REIT) by DLF Assets would be the second such offering on the Singapore stock market from India, following the popular [...]

  Extracted from its 2006 Annual Report :- Profit & Loss Actual (S$’000) Forecast (S$’000) Variance % Revenue 34,891 33,432 4.4 Net Property Income 28,757 28,749 – Net Income Before Tax 106,061 8,795 5.1 Income Available for distribution 22,687 21,585 5.3 DPU(Cent) 6.04 5.77 4.7 (A) Gross Revenue Segmentation China Square Central 38.0% Central Park [...]