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Management is actively giving its portfolio a refresh to stay ahead of the game. The former Holiday Villa Alor Setar is getting a facelift and a new identity as Serasi Padi Hotel, with revenue expected to start coming in from Q2 2026. Meanwhile, the Cyberjaya office property (formerly Contraves) is being repositioned to attract new tenants. The Trust is also clearing out older assets, such as the RHF Stone Factory, and recycling the capital into newer, better-quality properties that offer stronger long-term growth prospects.
This looks like a positive portfolio optimization strategy. Refreshing existing assets while divesting non-core properties should help unlock better value for unitholders over the long term.
The disposal of older assets like RHF Stone Factory and redeployment into higher-quality properties should enhance portfolio resilience and potentially improve returns
That move to dump the low-yield assets is quite steady because it clears the dead weight for better growth. Getting rid of those old properties will definitely help the fund churn out more consistent returns for us down the road.