Group 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]

尽管净利息收入受到影响，但受惠于香港资本市场畅旺，财富业务录得强劲增长，带动星展香港今年上 半年收入及盈利创下历史新高。 虽然香港商业地产面对挑战，但陈立珊表示，星展香港上半年香港商业房地产（CRE）敞口总体风险表 现不错，坏账偏向中小企、中型地产公司，而星展香港对于中小企的贷款大多为有抵押贷款，现时资产 质素强韧。 她指，该行目前香港商业房地产占整体贷款约三成，对香港商业房地产抱持审慎态度。 星展香港公布的截至今年6月30日止中期业绩显示，受惠于期内非利息收入按年升22%至46亿港元，上 半年总收入按年升8%至105.1亿港元，盈利亦按年升11%至51.3亿港元。 至于期内净利息收入则按年略跌1%至59亿港元，净息差较去年底收窄5个基点至1.75厘。 不过，星展北亚区主管及星展银行(香港)行政总裁庞华毅预计，香港写字楼市场持续疲软，空置率问题 难以迅速解决。 "目前空置率已超过13%，而且鉴于经济压力持续存在，写字楼市场会继续承压。"庞华毅于星展香港业 绩记者会上如是说。 受到经济环境疲弱及关税政策不确定性影响，星展香港指，已预留额外信贷拨备，上半年信贷拨备按年 升约18%至6.36亿港元，上半年不良贷款率 ...