EC World Receives Notice of Expropriation

News about EC World REIT

One of EC World REIT's property, Fu Zhuo Industrial, will be taken over for the development of the Grand Canal National Cultural Park in Hangzhou. As such the trust has received a notice of compulsory expropriation.

In accordance with the Notice, EC World REIT is entitled to receive compensation based on the expropriation valuation of Fu Zhuo Industrial (including the land use right, buildings and equipment). The target date of vacating the property is 31 March 2022.

EC World REIT
Price0.420 SGD
NAV0.930 SGD
Yield (4 quarters)14.56%
Gearing37.3%