"This resilience is partly due to increased disposable income from EPF Account Three withdrawals, which has helped mitigate some living cost pressures,” said Tan Choon Siang, the chief executive officer of the trust's manager, CapitaLand Malaysia REIT Management Sdn Bhd.
For the full year, Gadang returned to the black with a net profit of RM4.
CLMT attributed the improved earnings mainly to contribution from Queensbay Mall, which it acquired in March 2023, and better performances of Gurney Plaza, Sungei Wang Plaza, 3 Damansara and Valdor Logistics Hub.
DONE DEAL: Condo, Verticas Residensi, Bukit Bintang, Kuala Lumpur DONE DEAL: Serviced residence, United Point, Segambut, Kuala Lumpur As Bukit Orkid is a little small, our analysis will include the surrounding neighbourhoods in Northern Cheras.
The target is to build 2,000 to 3,000 units of affordable houses with solar power on the roofs, two-metre wide walkway and bicycle lanes with internet connectivity.
The hub, dubbed Southern Carbon Capture and Storage Hub, is expected to have its first injection by 2029, Petronas said.
“This venture beyond Johor will enable us to tap into new markets and meet increasing demand for industrial properties in Penang,” said the group in its latest annual report.
Park Homes is neither a terraced nor a semi-detached home.
HLIB said that while the mall is currently loss making, it sees value in this acquisition.
In a note on Wednesday, the research house said the results were within house and consensus full-year estimates at 48%.
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