Analyst: YNH’s disposal of medical facility timely

PETALING JAYA: Property developer YNH Property Bhd’s move to dispose of a medical facility in Perak for RM63mil could be seen as a move by the company to pare down debt and improve future earnings, in light of the challenging market conditions.

A property analyst said the Manjung, Perak-based company’s decision to dispose of the facility was timely, given the less-than stellar property market outlook.