Sunway REIT declares 2.15 sen DPU, warns property glut is a challenge

KUALA LUMPUR (Aug 10): Even as it endeavours to maintain a 100% payout of its distributable net income in the next fiscal year, Sunway Real Estate Investment Trust has cautioned of the “fundamentally challenging oversupply situation” brought about by tremendous new supply of retail, hotel, and commercial space in the market, exacerbated by lacklustre foreign direct investments and tourism activities.

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Sick of 4-hour commutes, Penangite groups back PTMP

PETALING JAYA (Aug 9): Some Penangites who are sick of traffic jams along the roads to the Bayan Lepas Free Industrial Zone have thrown their weight behind the contentious Penang Transport Master Plan (PTMP) via a petition supporting the project.

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Jagdeep: Abuse of PPR housing privileges

GEORGE TOWN (August 8): There are around 500 tenants in Penang People’s Housing Projects (PPR) flats that have been found to be abusing the low monthly rental of RM124, some even by subletting the units for RM500 a month.

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