Suria Capital eyes property expansion

Impressive: An artist’s impression of the Jesselton Quay waterfront mixed development in Kota Kinabalu. Based on the minimum net sale value of RM1.8bil, the Jesselton Waterfront project will carry a minimum guaranteed return of at least RM324mil for Suria Capital.

PETALING JAYA: Suria Capital Holdings Bhd (SuriaCap) is looking to expand its property venture, as the main port operator in Sabah seeks a new income stream to mitigate the impact of weaker port business.

Its group chief executive officer Ng Kiat Min told StarBiz that the company would be more inclined to invest in a real estate development that could boost the state’s tourism industry and economic environment.