智通财经网·2025-12-15 06:59Group 1 - Citigroup reported that JD Group agreed to acquire a 50% stake in the Central China Construction Bank Tower for HKD 3.5 billion from Lishin Development, while a local higher education institution purchased a Kowloon Tong office building for HKD 1.96 billion from Frasers Property [1] - Citigroup expects demand from Chinese enterprises for office spaces to continue supporting the Hong Kong office market, driven by factors such as more Chinese tech giants considering property acquisitions and an increase in A-share companies dual-listing in Hong Kong [1] - The report noted that the sale of office buildings in Hong Kong is primarily aimed at generating immediate cash flow and optimizing investment portfolios, particularly for regional owners who are also considering commercial property growth in other regions like Singapore and Australia [1] Group 2 - Citigroup forecasts that office performance in Central and West Kowloon will outperform other areas by 2026, with rental rates for major owners in Central expected to stabilize by the end of next year [2] - The report highlights that new quality supply in West Kowloon, such as IGC, may be competitive in attracting demand, with rental levels comparable to those in the Eastern District of Hong Kong Island [2] - Citigroup anticipates increased competition in Causeway Bay due to a historic high in overall new supply, with specific projects like Hysan Development's Lee Garden performing well, while properties in Eastern Hong Kong Island may face pressure [2]