Mapletree's China commercial trust chalks up 2% higher DPU

Singapore

MAPLETREE Greater China Commercial Trust's (MGCCT) available distribution per unit (DPU) rose to 1.959 Singapore cents for 4Q FY16/17, up 1.9 per cent year on year.

The increase came on the back of the reversal of value added tax payable previously assumed at a higher rate, following the clarification obtained from the local tax authorities, and implementation process at Gateway Plaza in March this year. This was offset by additional property tax for Gateway Plaza, arising from the change in computation from July last year.