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Imperium Crown may sell core Japan properties

Monday, December 12, 2016 - 21:40

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PROPERTY investment firm Imperium Crown - the former Communication Design International - said it is exploring a potential sale of its core investment properties in Japan.

PROPERTY investment firm Imperium Crown - the former Communication Design International - said it is exploring a potential sale of its core investment properties in Japan.

"The yields on real estate assets will continue to be low as the Japanese central bank continues to lower interest rates with the aim of spurring economic growth," said executive chairman Wan Jinn Woei.

The Catalist-listed firm said it will concurrently explore other investment opportunities.

It last traded at S$0.066.

sentifi.com

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