TIDMASPL

RNS Number : 9670E

Aseana Properties Limited

16 February 2015

16 February 2015

Aseana Properties Limited

("Aseana")

Quarterly Investor Update

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia and Vietnam, listed on the Main Market of the London Stock Exchange, has issued its Quarterly Investor Update for the three month period to 31 December 2014, a copy of which can be obtained from Aseana's website at: http://www.aseanaproperties.com/quarterly.htm .

Highlights:

-- Sale of properties at SENI Mont' Kiara increased to 94% (October 2014: 92%). A further 3.5% of properties are reserved with deposits paid.

-- Sales at The RuMa Hotel and Residences ("The RuMa") increased to 47% based on sales and purchase agreements signed, with a further 7% reserved with deposit paid.

-- Occupancy rate of 42% was recorded at the Four Points by Sheraton Sandakan Hotel ("FPSS") for the year ended 31 December 2014.

   --     Aloft achieved occupancy rate of 65% for the year ended 31 December 2014.

For further information:

 
 Aseana Properties Limited           Tel: 603 6411 6388 
 Chan Chee Kian                      Email: cheekian.chan@ireka.com.my 
 
 N+1 Singer                          Tel: 020 7496 3000 
 James Maxwell (Corporate Finance) 
 /Sam Greatrex (Sales)               Email: james.maxwell@n1singer.com 
 /sam.greatrex@n1singer.com 
 
 Tavistock                           Tel: 020 7920 3150 
 Jeremy Carey / James Verstringhe    Email: jcarey@tavistock.co.uk

Notes to Editors:

London-listed Aseana Properties Limited (LSE: ASPL) is a property developer investing in Malaysia and Vietnam.

Ireka Development Management Sdn Bhd ("IDM") is the exclusive Development Manager for Aseana. It is a wholly-owned subsidiary of Ireka Corporation Berhad, a company listed on the Bursa Malaysia since 1993, which has over 45 years of experience in construction and property development. IDM is responsible for the day-to-day management of Aseana's property portfolio and the introduction and facilitation of new investment opportunities.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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