Disposal of IP to Fund

$Boustead Proj (AVM.SG)$ disposal of 351 to BP fund will help cushion the not so fantistic coming operating profit as BP faces increasing construction cost. With a few industrial properties under JV we will see more gain from disposal when properties are injected to the fund. However, the injection will be slow. Maybe one or 2 properties a year. The interesting development is the property at Orchard Hill. I personally think the focus will be on that for now. Thats the catalyst for now.