QUOTE(cwhong @ Jan 17 2011, 12:06 AM)
all the developement will be own by sunreit if their parents are willing to sell it if not then not related, just can calculate fingers only.
correct me if i'm wrong, please......

It is the extension of Sunway Pyramid.. Linked to the existing complex. I do not want to confirm anything, but theoretically, it should be under Sunway Pyramid.
So with that area of net lettable area of 240,000 sq ft, it can somehow increase to the portfolio revenue. And when portfolio revenue increase, dividend will increase. When dividend increase, share price will increase as well. But this will not happen immediately, and it will take some time to unveil this.
Not to be bias, but I am positive with SUNREIT on its future expansion plans and developments.
Added on January 17, 2011, 10:05 pmQUOTE(cherroy @ Jan 17 2011, 12:20 AM)
Even injected into it, you must look at the price or valuation at time of injection.
If injected the properties at high valuation and resulted yield is not attractive, lower than currently, then it make little point to existing reit holders.
Just like CMMT rejected Queensbay to be injected into it, if not mistaken.
Invest in reit is nothing more than collect rental, never a business to start with.
It is more like bond, instead of ordinary business.
Reit nature is different, if really look for growth, go directly into equity and its parent company share.
Added on January 17, 2011, 12:21 amIf I am Sunreit holder, I am concern the price paid and yield of it.
It is not solely more properties must be good.
You want quality properties, and good rental yield properties.
Well, Queensbay is Penang. Penang had its own demographic there.
Sunway is location is definitely strategic. It is a classy place to live in, don't you feel it?
There are branded Colleges and University in that area (Sunway College University is good and reputable for itself already).
Consider the student market at that area, and it will only continue to be even busier and busier in time to come.
And when the market is there, and getting busier, economy will be good there, and automatically give space to rental to hike up..
The only 1 thing bad about Sunway area - Public Infrastructure is not good enough. Not accessible with Train transit yet..
This post has been edited by Bonescythe: Jan 17 2011, 10:07 PM