Ge Long Hui·2025-11-19 12:44Core Viewpoint - Songdu Service (09608.HK) has signed a letter of intent with Greenland Holdings to purchase a property in Hangzhou for RMB 6.65 million, highlighting the opportunity for capital preservation and investment in a prime location [1] Group 1: 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] - The acquisition is seen as advantageous due to the property's location in a landmark building with strong market demand for both purchase and rental [1] Group 2: Investment Rationale - The property is expected to have strong value retention and appreciation potential, supported by high occupancy rates and strong liquidity [1] - The prestige of the landmark building enhances the property's reputation, creating a positive cycle that maintains favorable rental levels and high occupancy [1] - The current downturn in the real estate market provides a favorable opportunity for acquisition at lower prices, which is expected to yield significant capital gains [1]