Ge Long Hui·2025-11-19 12:35Core Viewpoint - Songdu Service (09608.HK) has signed a letter of intent with Greenland Holdings to acquire a property in Hangzhou for RMB 6.65 million, which is seen as a good opportunity for capital preservation and investment due to its prime location and strong market demand [1] Summary by Relevant Sections - Property Acquisition Details - The property is located at the 17th floor, unit 1702 of Building 2, Hangzhou Century Center, in the Xiaoshan District of Hangzhou, with a total area of approximately 228.83 square meters [1] - Investment Rationale - The asset is situated in a landmark building in a prime location, which provides strong capital preservation and appreciation potential [1] - High occupancy rates and strong liquidity are expected due to significant market demand for both purchase and rental [1] - The reputation of the landmark building enhances the property’s standing, creating a positive cycle that maintains favorable rental levels and high occupancy [1] - Strategic Advantages - The property’s location offers strategic advantages for industry communication and collaboration for large listed companies [1] - Anticipated tenant profiles may provide predictable and reliable rental returns, contributing to stable income streams [1] - Market Conditions - The current downturn in the real estate market presents a favorable opportunity for acquisition at lower prices, supporting the expectation of capital gains [1] - The property’s robust fundamentals further bolster the outlook for appreciation [1]