SUNREIT went up because EPF accumulating recently.

Good to start early. Sikit-sikit lama lama jadi bukit, hopefully. SUNREIT now around 1.13 so with RM1000 you can invest about RM1000/1.13 which is about 800+ units (calculate the brokerage and stamp duty). I try not to use the term LOT because to some ppl it means 100 units, while some still mean 1000 units. I have MBB online trading acct but it is a nominee account, so will only use it as a backup. Prefer to use direct CDS accts through OSK or other brokerages instead.

Wow CMMT 1.35 high today. When will SUNREIT play catch up?

Who cares? Just look at recent REITs like CMMT (retail ipo price 0.98, now around 1.32) and SUNREIT (retail ipo price 0.88, now around 1.13). And don't forget good performing older REITs like Axis REIT.

The best would be both capital gain AND good yields.

Here's my screen from OSK.


Attached thumbnail(s)

Type
:
Announcement
Subject
:

MATERIAL LITIGATION

Description
:

SUNWAY REAL ESTATE INVESTMENT TRUST
- LEGAL PROCEEDINGS INSTITUTED BY ROBERT TI AND KORNELIS KURNIADI (“PLAINTIFFS”) AGAINST COMMERCE INTERNATIONAL MERCHANT BANKERS BERHAD, OSK TRUSTEES BERHAD, SUNWAY REAL ESTATE INVESTMENT TRUST, TIMBALAN PENDAFTAR MAHKAMAH TINGGI KUALA LUMPUR AND ABU BAKAR BIN ABDUL RAHMAN (ORIGINATING SUMMON NO: 24NCVC-901-2011)

Announcement Details/Table Section :

We refer to our announcements made on 20 April 2011 and 28 April 2011 in relation to the above matter whereby the Plaintiffs have amongst others, sought a declaration that the public auction of Putra Place held on 30 March 2011 was null and void because they were wrongly excluded from bidding and that OSK Trustees Berhad (as trustee for Sunway Real Estate Investment Trust) had contravened a condition of sale in the Proclamation of Sale.

The High Court of Malaya in Kuala Lumpur today dismissed the case with costs.

We are of the view that the decision by the High Court today has again affirmed that the public auction held on 30 March 2011 was validly conducted.

OSK Trustees Berhad (as trustee for Sunway Real Estate Investment Trust) was the successful bidder at the public auction and has since made full payment of the purchase price of RM513.945 million. The document of title to Putra Place has been duly transferred to OSK Trustees Berhad (as trustee) as the legal owner of Putra Place since 19 April 2011.

This announcement is dated 27 July 2011.
-----------------------------------------------------------------------------------

Type
:
Announcement
Subject
:

MATERIAL LITIGATION

Description
:

SUNWAY REAL ESTATE INVESTMENT TRUST
- LEGAL PROCEEDINGS INSTITUTED BY METROPLEX BERHAD (PROVISIONAL LIQUIDATORS APPOINTED) AGAINST COMMERCE INTERNATIONAL MERCHANT BANKERS BERHAD, OSK TRUSTEES BERHAD, SUNWAY REAL ESTATE INVESTMENT TRUST, SUNWAY REIT MANAGEMENT SDN BHD AND AHMAD FAIRUZ BIN MOHD PUZI (AS AN OFFICER OF THE COURT HAVING CONDUCT OF THE AUCTION OF PUTRA PLACE ON 30 MARCH 2011 (ORIGINATING SUMMONS NO: 24NCVC-952-2011)

Announcement Details/Table Section :

We refer to our announcement dated 27 April 2011 on the above matter whereby Metroplex Berhad had amongst others, sought to set aside the sale of Putra Place, claiming that the auction held on 30 March 2011 was not a valid public auction and that OSK Trustees Berhad (as trustee for Sunway Real Estate Investment Trust) was not entitled to bid at the public auction.

The High Court of Malaya in Kuala Lumpur today allowed the applications by OSK Trustees Berhad (as trustee for Sunway Real Estate Investment Trust) and Sunway REIT Management Sdn Bhd to strike out the legal action with costs of RM40,000 to be paid by the provisional liquidator of Metroplex Berhad on the ground that Metroplex Berhad did not have any right to bring the legal action in relation to the public auction.

This announcement is dated 27 July 2011.

Unless you got it at IPO price of 0.88 which everybody who applied got. Same for CMMT where the IPO price was 0.98. See where it is now.