Sunway Pivots to Travelers as Tariffs Weigh on Domestic Spending

Sunway REIT plans to increasingly focus on domestic and regional travelers in an effort to diversify its tenant mix and cushion the blow tariffs are dealing to domestic business and consumer confidence.

“Malaysians have been struggling with higher retail prices on goods and services [...] and businesses are likely to pass on the cost of higher operating costs to consumer” the company said in a Tuesday statement.

Adding more malls — including Kuala Lumpur’s Sunway 163 Mall — offers Sunway greater leverage with tenants, and boost footfall, it said.

Income from retail properties jumped 32% over the quarter to 114 ...