Sabana Shari'ah REIT

[Stocker]

Hi NTL

Do you have any idea how many staff is required to manage a property of approx 59k sqm or >600,000 sqft?

Based on what I know from Ascendas, they only need 3 staff or less, 1 Marketing and 2 Maintenance. Some of these staff are shared with other properties as well.

If a property has say 50 tenants and assuming average lease is 2 years (3 years is usually the standard), the marketing staff need only handle 2 tenants a month. Contracts are standard and non negotiable except for rental unit, amount of rent, rental period and rent free period. Property maintenance is normally outsourced and only 1 or 2 point men are needed to answer tenants' concerns or supervise the external contractors.

More tenants , more things to deal with. Non-payment or delay of rentals, complaints , defaults.. dealing with humans is always more tedious than dealing with hardwares.