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Friday, May 27, 2011

What is investment | Developer sees 10% rental yields from office tower

What is investment | Kuala Lumpur: Property developer Khor Joo Saik Sdn Bhd expects to generate a rental yield of 10% within three years of operations of its Grade-A office tower, 35-storey Menara Binjai.

The building, which has a gross development value of MYR180mil, is strategically located along Jalan Binjai and Jalan Ampang, and will be launched in the final quarter of this year, according to director Chua Guan Hock.

Source: StarBiz, dated: 25-May-2011

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