At 30 June 2020, average occupancy rate of the entire portfolio of Sunlight REIT increased to 95.7% (30 June 2019: 95.3%). Contrary to the office portfolio which registered an improvement in occupancy rate to 95.6% (30 June 2019: 94.0%), occupancy rate of the retail properties dropped to 95.8% (30 June 2019: 98.1%), reflecting the emerging negative impact of an economic recession and weakening consumer confidence. Average passing rent of the office portfolio was HK$36.5 per sq. ft., up 2.8% YoY, while that of the retail portfolio was HK$74.8 per sq. ft., down 1.3% as compared to a year ago. Average rental reversion of the portfolio for the Year was 6.0%. … [Read more...] about Sunlight Real Estate Investment Trust (“Sunlight REIT”) Annual Results for the Year Ended 30 June 2020
Year end dividend
Auto market expected to prosper in year-end months
Domestic car market warms upAccording to the Vietnam Automobile Manufacturers’ Association (VAMA), sales of domestically-assembled automobiles in the first half dropped 43 percent while that of imported vehicles fell 21 percent from the same time last year. … [Read more...] about Auto market expected to prosper in year-end months
With no end in sight to pandemic, fear of unemployment stalks workers
Pham Xuan Hong, chairman of the Ho Chi Minh City Association of Garments, Textiles, Embroidery and Knitting, said the rate of layoffs this time around is less than during the first wave because many companies are trying to keep their employees, waiting for the disease to be controlled and hoping orders would rise again in the fourth quarter. … [Read more...] about With no end in sight to pandemic, fear of unemployment stalks workers
Viet Nam likely to gain export target for timber and wooden products this year: experts
According to the General Department of Forestry, Viet Nam still has many opportunities to expand export markets and increase export value for timber and wooden products. The world's furniture and wooden product market is large with a value of about $430 billion, including $150 billion from furniture products. Meanwhile, Viet Nam’s furniture products at present only account for about 6 per cent of the global market share. … [Read more...] about Viet Nam likely to gain export target for timber and wooden products this year: experts
Việt Nam likely to gain export target for timber and wooden products this year: experts
In addition, Việt Nam has ratified free trade agreements with many partners such as the EU, Japan, Chile and South Korea and it is implementing those FTAs so Việt Nam’s many goods enjoy reductions or elimination in import duties. That would create a competitive advantage for export goods of Việt Nam to those markets. … [Read more...] about Việt Nam likely to gain export target for timber and wooden products this year: experts
