Core Insights - Swire Properties (01972) reported its operational data for Q3 2025, highlighting a decline in rental rates across various properties while maintaining relatively high occupancy rates [1] Group 1: Hong Kong Properties - Taikoo Place achieved a rental rate of 96% with a rental decrease of 13% [1] - Overall occupancy for Taikoo Hong Kong reached 90%, with a rental decrease of 15% [1] - The Island East Centre and Taikoo Place One had an occupancy rate of 91% [1] - Other office buildings in Taikoo Place maintained a 90% occupancy rate, also with a rental decrease of 15% [1] Group 2: Mainland China Properties - Taikoo Hui office buildings reported a rental rate of 90% [1] - One Taikoo Li had an occupancy rate of 89% [1] - Hong Kong Industrial Centre One and Two achieved a rental rate of 93% [1]

Core Insights - Swire Properties (01972) reported its operational data for Q3 2025, highlighting a decline in rental rates across various properties [1] Group 1: Hong Kong Properties - Taikoo Place achieved a rental rate of 96% with a 13% decrease in rent [1] - Overall occupancy for Taikoo Hong Kong reached 90%, with a 15% reduction in rental rates [1] - The occupancy rate for Island East Centre and Taikoo Place One was 91% [1] - Other office buildings in Taikoo Place had an occupancy rate of 90%, with a 15% decrease in rent [1] Group 2: Mainland China Properties - Taikoo Hui office buildings reported a rental rate of 90% [1] - The occupancy rate for One Taikoo Li was 89% [1] - Hong Kong Industrial Centre One and Two achieved a rental rate of 93% [1]

1. 已落成投資物業 辦公樓物業 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 SWIRE PACIFIC LIMITED 太古股份有限公司 (於香港註冊成立的有限公司) (股份代號：00019 及 00087) SWIRE PROPERTIES LIMITED 太古地產有限公司 (於香港註冊成立的有限公司) (股份代號：01972) 公告 太古地產有限公司 二零二五年第三季度 營運數據滙報 本滙報載述太古地產有限公司二零二五年第三季度若干營運數據資料。有關資料 乃根據內部管理紀錄編製，並未經外聘核數師審核或審閱。 | 租金調幅 (1) | 主要物業 | 租用率 | 租用面積 | 最新租金 | ( | 2025 | 截至 | 年 | ( | 巿值 | ) | (新簽訂或 | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 SWIRE PACIFIC LIMITED 太古股份有限公司 (於香港註冊成立的有限公司) (股份代號：00019 及 00087) SWIRE PROPERTIES LIMITED 太古地產有限公司 (於香港註冊成立的有限公司) (股份代號：01972) 公告 太古地產有限公司 二零二五年第三季度 營運數據滙報 本滙報載述太古地產有限公司二零二五年第三季度若干營運數據資料。有關資料 乃根據內部管理紀錄編製，並未經外聘核數師審核或審閱。 1. 已落成投資物業 辦公樓物業 | 租金調幅 (1) | 主要物業 | 租用率 | 租用面積 | 最新租金 | ( | 2025 | 截至 | 年 | ( | 巿值 | ) | (新簽訂或 | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 SWIRE PACIFIC LIMITED 太古股份有限公司 (於香港註冊成立的有限公司) (股份代號：00019 及 00087) SWIRE PROPERTIES LIMITED 太古地產有限公司 (於香港註冊成立的有限公司) (股份代號：01972) 公告 太古地產有限公司 二零二五年第三季度 營運數據滙報 本滙報載述太古地產有限公司二零二五年第三季度若干營運數據資料。有關資料 乃根據內部管理紀錄編製，並未經外聘核數師審核或審閱。 1. 已落成投資物業 辦公樓物業 | 租金調幅 (1) | 主要物業 | 租用率 | 租用面積 | 最新租金 | ( | 2025 | 截至 | 年 | ( | 巿值 | ) | (新簽訂或 | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

Core Insights - The Taikoo Place Beijing project has reached a significant milestone with the structural completion of all eight buildings, marking a new development phase for this landmark riverside commercial complex [1][5] - The project aims to redefine commercial space and create a new paradigm for office and lifestyle integration, attracting major industry players and promoting industrial upgrades [1][5][17] Group 1: Project Overview - Taikoo Place Beijing is an expansion of the existing Pacific Place project, located along the scenic Ba River, and will be renamed upon completion [5] - The project encompasses over 860,000 square meters of total floor area, integrating business and diverse lifestyle functions [5][7] - It features seven new super-grade A office buildings, a high-quality shopping center, a new East Hotel, and extensive green spaces, addressing the coexistence of ecological value and commercial logic [5][9] Group 2: Community and Lifestyle Integration - The project includes seamless connections between office clusters, retail areas, hotels, and supporting facilities, enhancing accessibility to public transport [7][9] - The office cluster, covering over 330,000 square meters, emphasizes efficiency, flexibility, and employee well-being, aiming to attract leading enterprises from various sectors [7][9] - The retail section will introduce over 200 new brands, creating a multi-layered retail matrix that emphasizes experiential and cultural offerings [9][11] Group 3: Cultural and Economic Impact - The "Delphi" social core within the project serves as a community hub, featuring flexible workspaces and event facilities, enriching the urban cultural ecosystem [11][13] - The project aligns with Beijing's urban development strategy, contributing to the "Two Rivers and One Belt" ecological space framework and enhancing regional collaboration [15][17] - It is expected to attract innovative, international enterprises from technology, media, life sciences, and high-end manufacturing sectors, fostering sustainable development and economic prosperity [17]

Investment Rating - The report maintains a "Recommended" rating for the real estate sector [2] Core Insights - The real estate index declined by 0.7%, ranking 26th among 31 primary industry sectors [8] - New home sales decreased by 35% year-on-year, while second-hand home sales fell by 23% [19][25] - The report highlights three key issues in the real estate market: declining new home demand, unresolved inventory, and the negative impact of land finance on the economy [32] Industry Basic Data - Total number of stocks: 107 [2] - Total market value: 12,921.51 billion [2] - Circulating market value: 12,389.50 billion [2] Sales Performance - In the 44th week, the average daily transaction area for new homes in 20 cities was 32.8 million square meters, with a total transaction area of 230 million square meters, reflecting a 6% increase week-on-week but a 35% decrease year-on-year [19][24] - For second-hand homes, the total transaction area in 11 cities was 197 million square meters, with a daily average of 28.2 million square meters, showing a 4% decrease week-on-week and a 23% decrease year-on-year [25][30] Policy News - Recent policies include adjustments to housing provident fund loan standards in Hainan, increasing the maximum repayment capacity ratio from 55% to 60% [14][17] - In Chongqing, a proposal was made to innovate the activation of existing land and promote collective operating construction land to market [14][17] Company Dynamics - Yuexiu Group acquired a low-density land plot in Chengdu at a price of 16,500 yuan per square meter with an 11.5% premium [18] - China Resources Land won a residential land plot in Dongguan for 1.91 billion yuan, with a saleable floor price of 21,606 yuan per square meter, approximately 17% lower than the previous record [18] - Poly Developments secured a commercial and residential land plot in Yanta District for a base price of 2.341 billion yuan, with a floor price of about 8,183 yuan per square meter [18] Investment Strategy - The report suggests focusing on companies with strong product moats that are likely to exhibit strong alpha characteristics, as well as high-quality commercial real estate companies with stable rental income [33]

截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: Swire Properties Limited 太古地產有限公司 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 不適用 備註： Swire Properties Limited 太古地產有限公司並無法定股本，及其股本並無股份面值。 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01972 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 5,757,484,800 | | 0 | | 5,757,484,800 | | 增加 / 減少 (-) | | | | 0 | | ...

Core Insights - Beijing will see the addition of a large-scale leisure and shopping space that integrates commercial, green, waterfront landscapes, and cultural experiences, with Swire Properties announcing the structural completion of all eight buildings in the Beijing Swire Bay project, marking a new development phase for this landmark commercial project [1][3] Group 1: Project Overview - The total floor area of Beijing Swire Bay exceeds 860,000 square meters, aiming to create a vibrant new generation of commercial complexes that combine business and diverse lifestyle functions [3] - The project includes eight premium Grade A office buildings, a high-quality shopping center, a new EAST hotel, extensive green spaces, and comprehensive supporting facilities, with landscaped squares and gardens providing multifunctional spaces for outdoor dining and social interactions [3] Group 2: Retail and Community Focus - Beijing Swire Bay will introduce the first "Swire Bay" branded retail mall in mainland China, with the new retail area merging with the existing Yintai Center to form a comprehensive leisure shopping destination of approximately 150,000 square meters [3] - The retail business director of Swire Properties emphasized the community-building concept rooted in art, culture, innovation, and meaningful human connections, aiming to create a high-quality urban experience that encourages interaction and engagement [3] Group 3: Social and Health Facilities - The social space, Delphi, spans 19,000 square meters and includes workspaces, multifunctional halls suitable for corporate events and leisure gatherings, as well as facilities for art exhibitions, performances, and community activities, complemented by a fully equipped gym and swimming pool [3][4] - The project will feature seamless indoor and outdoor pedestrian walkways and direct access to the subway network, enhancing connectivity for visitors [3]

Core Insights - The Beijing Taikoo Li project is set to undergo significant upgrades, with the current structure reaching its completion stage, aiming for a grand reopening by the end of 2026 [1][3] Group 1: Project Overview - The Beijing Taikoo Li project will feature a total construction area of 860,000 square meters, including eight premium Grade A office buildings, a high-quality shopping center, a new EAST hotel, and extensive green spaces [5] - The project will introduce the first Taikoo Li retail mall in mainland China, integrating with the existing Yintai Center to create a comprehensive retail destination of approximately 150,000 square meters [5] Group 2: Design and Facilities - A notable highlight of the project is the "Delphi" public space, covering 19,000 square meters, which will include flexible workspaces, a multifunctional hall, and one of the largest banquet halls in the city [7] - The design incorporates advanced green and sustainable features, ensuring seamless connectivity between office buildings, retail areas, hotels, and public transport [5][7] Group 3: Strategic Importance - The Beijing Taikoo Li is positioned as a key commercial landmark within the Chaoyang District's consumption landscape, contributing to the area's development as a world-class international consumption center [9] - The project is part of a broader initiative to enhance the Baha River waterfront area, which will include various infrastructure improvements and recreational facilities, further linking the commercial hubs of Beijing [10]