CapitaLand’s factories buy a positive

PETALING JAYA: TA Research is positive on Capitaland Malaysia Trust’s (CLMT) acquisition of three freehold ready-built factories located at the Nusajaya Tech Park in Iskandar Malaysia, Johor, given its fair purchase price of RM27mil.

“The acquisition price of RM364 per sq ft (psf) for the factory space in Nusajaya Tech Park is considered fair, given the current asking price range of approximately RM300 to RM400 psf for similar-sized factories, as indicated by various property websites.”