格隆汇1月22日丨保宝龙科技(01861.HK)公告，于2026年1月22日，买方欧亚物业控股(本公司的间接全 资附属公司)与卖方天扬投资订立买卖协议，据此，买方同意收购而卖方同意出售该物业，代价为 4038.88万港元。"该物业"指香港干诺道中168-200号信德中心招商局大厦19楼2号办公室。 考虑到(i)周边房地产市场的价格相对较低；及(ii)收购该物业将为公司提供额外营运空间而毋须产生未 来租金开支，董事会认为收购事项为集团提供一个良好的投资机会。此外，由于该物业拟作办公室自 用，董事会认为收购事项将满足集团因业务规模扩大及发展需要所产生的日益增长的办公空间需求。 ...

Corporate Developments - Evergrande Property announced on December 19 that the liquidator has received several updated non-binding offers from selected bidders, which are currently under consideration. The liquidator has no intention of considering any new non-binding offers. The potential transaction remains in the preliminary stage, and no negotiations or binding agreements have been formed yet [1][14]. New Land Projects - On December 18, 195 new land projects were added in key cities, covering a planned construction area of 10.6975 million square meters. This includes 75 residential projects, 42 commercial office projects, 62 industrial projects, and 16 other types of projects. The city of Weifang had the highest number of new projects at 15, with the largest project located in Zhongshan, covering an area of 501,233 square meters and a transaction floor price of 309 yuan per square meter [2][15]. Market Research - On December 18, a total of 2,062 property-related tender notices were published in key regions such as Beijing-Tianjin-Hebei and Guangdong-Hong Kong-Macau. Non-residential properties accounted for a significant portion, with 1,975 tender projects, and office properties had the highest number of tender notices at 1,006 [4][18]. Capital Market Dynamics - On December 19, the Hang Seng Index closed up by 192.40 points, an increase of approximately 0.75%, closing at 25,690.53 points. Among 61 listed property service companies in Hong Kong, 18 saw their stock prices rise, with Kangqiao Yuesheng Life leading the sector with a gain of 73.91% [7][20]. - The average market capitalization of the 61 listed property companies in Hong Kong was 4.292 billion HKD. Seven companies had a market capitalization exceeding 10 billion HKD, with China Resources Mixc Living being the largest at 99.426 billion HKD, followed by Wanwu Cloud at 22.088 billion HKD and Country Garden Services at 20.829 billion HKD. The average price-to-earnings ratio for these companies was 9.87 times, with Hongyang Services having the highest at 70.49 times [21][22].

Group 1 - The company has entered into a sixth supplemental agreement regarding the property transfer, terminating the rights and responsibilities under the 2022 property purchase agreement for properties not yet registered for transfer [1] - The company will acquire 100% equity of Taiyuan Real Estate from Zunyi Real Estate for a total consideration of RMB 384 million, with a remaining balance of RMB 130 million payable after offsetting amounts already paid [1] - The company has agreed to purchase two properties located in Dongzhimen, Beijing, for a total of RMB 86.33 million, with net payable amounts after tax and debt offsets totaling RMB 56.89 million [2] Group 2 - As of the announcement date, the company has paid RMB 803 million for the acquisition of further adjusted target properties for 2024, but the registration process is not yet complete [3] - The company is actively seeking suitable assets to replace the delayed registration of the 2024 properties and has secured the acquisition of 100% equity of Taiyuan Real Estate as a safeguard [3] - The Dongzhimen properties are considered high-quality assets with strong capital appreciation potential, aligning with the company's strategic goals [3]

Group 1 - The company has entered into a sixth supplemental agreement regarding the property transfer, terminating the rights and responsibilities under the 2022 property purchase agreement for properties not yet registered for transfer [1] - The company will acquire 100% equity of Taiyuan Real Estate from Zunyi Real Estate for a total consideration of RMB 384 million, with a balance of RMB 130 million payable after offsetting amounts already paid for properties [1] - The company has agreed to purchase two properties located in Dongzhimen, Beijing, for a total of RMB 86.33 million, with net payable amount after tax and debt offsets being RMB 56.89 million [2] Group 2 - As of the announcement date, the company has paid RMB 803 million for the acquisition of further adjusted target properties for 2024, but the registration process for these properties is still incomplete [3] - The company is actively seeking suitable assets to replace the delayed registration of the 2024 properties and has secured the acquisition of 100% equity of Taiyuan Real Estate [3] - The Dongzhimen properties are considered high-quality assets with strong capital appreciation potential, aligning with the company's strategic goals [3]

Core Viewpoint - Songdu Service (09608) has entered into a letter of intent with Greenland Holdings (600606) to purchase a property in Hangzhou for approximately 6.6483 million yuan, highlighting a strategic investment opportunity in a prime location with strong appreciation potential [1] Group 1: Property Acquisition Details - The property is located at the 17th floor of Building 2, Hangzhou Century Center, in the Xiaoshan District of Hangzhou, Zhejiang Province, with a total area of approximately 228.83 square meters [1] - The acquisition price of approximately 6.6483 million yuan reflects a favorable opportunity due to the current downturn in the real estate market, allowing for a purchase below previous peak prices [1] Group 2: Investment Rationale - The property is situated in a landmark building in a prime location, which is expected to enhance its value and market demand, leading to high occupancy rates and strong liquidity [1] - The strategic location is anticipated to provide significant advantages for industry communication and collaboration, particularly for large listed companies [1] - The expected identity of tenants may offer predictable and reliable rental returns, contributing to a stable income stream [1]

Core Viewpoint - Prada's parent company, Prada (1913.HK), announced a related transaction involving the acquisition of a Milan property by Ludo Due S.r.l., controlled by executive director and major shareholder Miuccia Prada Bianchi, for €66.588 million (approximately HK$600 million) [1] Group 1: Acquisition Details - The property consists of approximately 14,800 square meters of land, divided into two connected sections (Section One and Section Two) [1] - The company has been leasing Section One since 2013 for its Milan operational headquarters, while Section Two is currently undeveloped and available for future urban and real estate development [1] Group 2: Strategic Implications - The acquisition aims to develop the property into a new company headquarters, allowing the consolidation of several existing Milan offices and showrooms into one location, thereby enhancing operational efficiency [1] - The company views this acquisition as a significant opportunity to secure prime real estate in a region undergoing important urban development and value growth, anticipating that suitable real estate assets will become increasingly scarce [1]

Core Viewpoint - Hangpin Life Technology (01682) has entered into a temporary agreement to acquire a property in Hong Kong for a total cash consideration of HKD 47.532 million, aiming to utilize it as an office space to support rapid business growth and future expansion [1] Group 1: Acquisition Details - The buyer, a wholly-owned subsidiary of the company, is set to finalize the acquisition by January 30, 2026, pending the signing of a formal agreement and fulfillment of conditions [1] - The property is located at 22/F, Rooms 2204 and 2205, West Tower, Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong [1] Group 2: Strategic Rationale - The board believes that the acquisition presents a strategic opportunity to acquire the property at a competitive price due to significant declines in Hong Kong property prices over the past few years [1] - Acquiring the property is expected to save future rental expenses, aligning with the company's interests [1] - If the company does not utilize the entire space, it has the option to lease out the surplus area for additional rental income [1]

Core Viewpoint - The company, Hangpin Life Technology (01682), has entered into a preliminary agreement to acquire a property in Hong Kong for a total cash consideration of HKD 47.532 million, aiming to utilize it as an office space to support its rapid business growth and future expansion [1] Group 1: Acquisition Details - The buyer, a wholly-owned subsidiary of the company, is set to finalize the acquisition with the seller, Bang Hong Limited, with the expectation that the transaction will be completed by January 30, 2026, subject to the signing of a formal agreement and fulfillment of conditions [1] - The property in question is located at 22/F, Rooms 2204 and 2205, West Tower, Sincere Centre, 168-200 Connaught Road Central, Hong Kong [1] Group 2: Strategic Rationale - The board believes that the acquisition presents a strategic opportunity to acquire the property at a competitive price, especially given the significant decline in property prices in Hong Kong over the past few years [1] - The decision to purchase the property as an office is expected to save future rental expenses, aligning with the company's interests [1] - Should the company not utilize the entire space, it has the option to lease out the surplus area for additional rental income [1]

Core Viewpoint - GOLDWAY EDU (08160) plans to acquire all issued shares of Huimin Limited for HKD 20 million, with a portion paid in shares and the remainder through promissory notes [1] Group 1: Acquisition Details - The acquisition is set to be completed by September 30, 2025 [1] - The total consideration includes HKD 15.66 million to be paid via the issuance of shares at completion and HKD 4.34 million to be settled through promissory notes post-completion [1] Group 2: Target Company Overview - Huimin Limited is a property holding company, with its primary asset being a property that consists of two non-residential studios currently under lease [1] - The total floor area of the property is approximately 2,961 square feet [1] Group 3: Strategic Intent - The company aims to acquire the property for investment purposes, expecting to generate stable rental income and potentially utilize it for its own tutoring business in the future [1]

Core Viewpoint - GOLDWAY EDU (08160) plans to acquire all issued shares of Huimin Limited for HKD 20 million, with a portion paid in shares and the remainder through promissory notes [1] Group 1: Acquisition Details - The acquisition is set to be completed by September 30, 2025 [1] - The total consideration includes HKD 15.66 million to be paid via the issuance of shares at completion and HKD 4.34 million to be settled through promissory notes post-completion [1] Group 2: Target Company Overview - Huimin Limited is a property holding company, with its primary asset being a property that consists of two non-residential studios currently under lease [1] - The total floor area of the property is approximately 2,961 square feet [1] Group 3: Strategic Intent - The company aims to acquire the property for investment purposes, expecting to generate stable rental income and potentially utilize it for its own tutoring business in the future [1]