Sunlight REIT asset in Kowloon, West 9 Zone KidsSunlight REIT asset in Kowloon, West 9 Zone Kids

Data from Sunlight REIT’s latest disclosure has been updated into the Hong Kong REITs table.

Sunlight REIT’s overall portfolio occupancy has slipped slightly, despite seeing strong demand for Grade B office spaces.

At 31 March 2023, the portfolio occupancy rate of Sunlight REIT was at 92.1%, slightly lower from the 92.5% recorded at 31 December 2022.

Office and retail occupancy rates were 91.5% and 93.3% respectively, as compared to 92.2% and 93.1% at 31 December 2022.

Related: Hong Kong office market in quagmire despite China’s re-opening

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.