OKP Holdings: Management Replies To Online Q&A With Investors.

14 Mar 2019 17:05

Dear Alvin Ng, you wrote: You bought your first overseas investment property in Australia for rental income. Were you approached to buy? How did you end up with this deal? Ans: The acquisition of the office complex in Perth, Australia is a strategic move that is in line with our long-term strategy to diversify earnings and build recurrent income stream. Based on the current occupancy rate of 68%, we see good upside potential in raising occupancy as we expect demand for offices in Perth CBD to continue to improve in the medium term. This is supported by the limited new office supply and strong demand for good quality office space in Perth. The investment has seen good returns in FY2018...

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Source: ShareInvestor Express