KIP REIT plans to offer investors higher yield

Lim: ‘Our premises are predominantly occupied by vendors and traders who provide basic necessity items.’

KUALA LUMPUR: Prospective investors of KIP Real Estate Investment Trust (KIP REIT) can expect a distribution yield of 6.54% in 2017, which is above the average market yield of 5.8%.

KIP REIT Management Sdn Bhd CEO Lim Han Gie told StarBiz that KIP REIT, which is en route to listing on the Main Market of Bursa Malaysia on Feb 6, 2017, plans to offer a slightly higher yield of 6.59% in 2018.