4th Jul 2018 12:10
LONDON (Alliance News) - Malaysian and Vietnamese property developer Aseana Properties Ltd said Wednesday its SENI Mont' Kiara residential resort in Kuala Lumpur has achieved 99% sales to date.
In the three month period ended March, the southeast Asian property developer achieved around 56% sales at its RuMa Hotel & Residences in Kuala Lumpur. Its Harbour Mall Sandakan project in the Malaysian town of Sandakan is approximately 71% leased.
Aseana's Four Points by Sheraton Sandakan Hotel, in the Harbour Mall, recorded an average occupancy rate of 39% in the period.
Aseana Properties noted that the recent Malaysian general election - which resulted in a "milestone change" - saw the Barisan Nasional political coalition that had been in power since 1957 unseated by the Pakatan Harapan coalition.
The company believes the result will see a "much higher likelihood" of fiscal and economic policy change, which will create "uncertainty" in the immediate term.
Shares in Aseana Properties went untraded Wednesday but last closed at 0.55 pence each.
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