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Knight Frank: Prices of residential properties to rise

Prices for residential properties, especially new launches, are set to increase moving forward, said Knight Frank in its newly published Real Estate Highlights 1st
half of 2022 which features the findings of the property market performance across the Klang Valley, Penang, Johor Bahru and Kota Kinabalu.

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KIP REIT 4Q NPI lowers 6%

KIP Real Estate Investment Trust (KIP REIT)’s net property income (NPI) for the fourth quarter ended June 30, 2022 (4QFY22) dropped 5.8% to RM14.2 million, down from RM15.08 million a year ago, due to higher utilities expenses and lower gross revenue.

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Pavilion REIT 2Q NPI jumps 74.5% as economic reopens

Pavilion Real Estate Investment Trust (REIT) net property income (NPI) for the second quarter ended June 30, 2022 (2QFY22) jumped 74.5% to RM83.11 million, up from RM47.62 million a year ago, as revenue was higher while operating expenses declined after economic reopen.

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