China Merchants Commercial Real Estate Investment Trust reported unaudited operating statistics for the three months ended 30 September 2022. For the period, the company reported overall occupancy rate of CMC REIT's office portfolio recorded a slight increase of 1.8% points to 85.9% compared to the second quarter. Of note was the continued expansion of the area leased by Shenzhen Qianhai Shekou Free Trade Zone Hospital as evidenced by the 3.1% increase (RMB 3.8/sq.m.) in passing rent at Technology Building even as the occupancy rate remained at 100%.

The occupancy rates for Technology Building 2 and Cyberport Building recorded a significant increase of 13.7% points and 6.6% points respectively, with positive revisions to their passing rent rates. Offsetting these positives, the occupancy rate of New Times Plaza decreased by 6.6% points as several tenants chose to vacate upon the expiry of their leases. There was little change in the operating statistics of the newly acquired Onward Science & Trade Center.