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KUALA LUMPUR, Aug 6 ?Malaysian property group Sunway City may revive a US$860 million (RM3.01 billion) plan to float its property assets through a real estate investment trust (REIT) in 2010 depending on the recovery in markets, a top executive said.
We will certainly go forward with the REIT. The only question is the right timing,?said Ngeow Voon Yean, managing director for property investment at Sunway City.
The move was stalled earlier this year as markets tumbled due to the global financial crisis.
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