Monday, 8 August 2016

Tabung Haji on falling rental yields

Lembaga Tabung Haji (LTH) decided to let out its Grade A office building at below market price as the pligrim fund would rather see it occupied than being empty.

Towards this end, (LTH) chief operating officer Datuk Adi Azuan Abdul Ghani (pic) said dropping rentals for Grade A office space was part and parcel of a free market.

“It’s akin to a sale,” Adi quipped.

“For us it is simple... we rather have someone there as opposed to leaving the building vacant,” he said on the strategy, adding that the offer was for a limited time period and confined to only five floors.

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