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Sunway REIT to acquire Sunway Pinnacle

The proposed acquisition will mark Sunway REIT’s 10th property addition to its asset portfolio since its listing on the Main Market of Bursa Malaysia Securities Bhd in July 2010, and raise the REIT’s property value to RM8.5 billion. 

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Call for moratorium on private housing rental

The Rent Freeze Committee suggested that the legislature should place a moratorium on rent collected from tenants earning less than RM4,000 a month, landlords servicing housing loans for clients in the category should be granted an exemption from bank interest hike.

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