Medequities real estate trust

Dat Xanh Group (HSX: DXG) also reported VND488 billion ($21.2 million) in reviewed net losses for the first half of the year, while the figure was VND38 billion ($1.65 million) in the unreviewed financial statement. After-tax profit has been revised from around $5 million to negative VND374 billion ($16.26 million) due to transferring all LDG Investment JSC shares and setting aside VND526 billion ($22.87 million). … [Read more...] about Real estate giants report heavy losses

Investors have been invited to contribute capital to real estate projects and enjoy a profit of 36 percent per annum, and have also been persuaded to buy corporate bonds at a high interest rate of 18 percent per annum.  One real estate firm in HCM City is offering a business cooperation model to develop guest houses for rent, under which VND40 million is contributed to own one room. … [Read more...] about Real estate firms offer sky-high profit rates to attract investors

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange edged up 0.02 per cent to close Friday at 888.97 points. It had edged down 0.06 per cent to close Thursday at 888.82 points. More than 309.9 million shares were traded on the southern exchange, worth VNĐ5.5 trillion (US$237.9 million). Market breadth was neutral with 196 gainers and 197 decliners. According to BIDV Securities Co, market liquidity declined compared to the previous trading session, which showed that investors remained cautious as the VN-Index is approaching the 900-point mark. The VN30-Index, which tracks the performance of the 30 largest stocks by market capitalisation and liquidity on HoSE, lost 0.04 per cent to close Friday at 825.56 points. Cash flow tended run into industrial real estate stocks and construction stocks such as Investment and Construction Development Joint Stock Corporation (DIG), Đất Xanh Group (DXG), Hòa Bình Construction and Real Estate Corporation … [Read more...] about Shares struggle to stay positive, real estate stocks spur market

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

Meanwhile, 620 real estate enterprises completed procedures for dissolution, with the sector ranking fifth among the country’s dissolved firms over the eight-month period, after the wholesale, retail, and vehicle maintenance sectors, with some 38,000 firms, followed by the processing and manufacturing sector, construction, and science, technology, design, marketing and consulting services. … [Read more...] about Real estate reports highest number of suspended firms