徐汇区探索通过区保障性住房公司在市场上收购存量小户型的房源，按照相应的标准实施装修配置后， 作为保障性租赁住房实现供应。徐汇区将由区房管局、区财政局、区国资委、区城投集团等部门组成工 作专班，由区保障房公司作为具体的收购单位，统筹推进试点工作。首期将安排一定规模的区级财政资 金通过资本金注入区保障房公司，专项用于存量房源的收购，同时通过银行贷款融资增加收购资金，确 保收购房源工作顺利开展。 ◎记者 张良 据介绍，浦东新区试点阶段收购范围将优先聚焦内环内、2000年以前、单套建筑面积70平方米以下，且 总价不超过400万元的产权清晰的个人二手房源，核心面向有置换需求的产权人，特别是租售比相对较 高、保租房房源供需矛盾较大、居住配套成熟的区域。 静安区确立了"政府统筹、国企实施、专业运作"的原则，由区政府分管领导牵头，区房管局、区国资委 等相关部门共同组建工作专班，明确置业集团下属两家区属保障性住房公司为指定实施主体，全流程主 导房源排摸、洽谈签约、收购落地等，实现专业化运作。房源筛选核心聚焦产权人有置换本区商品房意 愿、总价适中、产权清晰的成套小户型二手住房，优先布局重点产业园区、核心商圈及轨道交通站点3 公里 ...

Core Viewpoint - Shanghai has initiated the acquisition of second-hand housing for the purpose of developing affordable rental housing, targeting new citizens, young people, university graduates, and various talent groups to meet their rental needs and support the construction of a youth-oriented city [1]. Group 1: Project Implementation - The pilot districts for the acquisition project include Pudong New District, Jing'an District, and Xuhui District, focusing on housing that matches specific characteristics such as layout, mature facilities, and convenient transportation [1]. - The first batch of housing acquisitions aims to provide quality living options for young people and ensure a balance between work and residence for various talent groups [1]. Group 2: Policy and Financial Support - Shanghai will enhance the matching of supply and demand, linking rental and purchase options, to create a beneficial environment characterized by policy guidance, market operations, multi-party collaboration, and public benefits [1]. - The Construction Bank's Shanghai branch has signed cooperation agreements with public rental housing companies in the pilot districts to provide financial support for the acquisition work, including customized financing plans and comprehensive financial services [2].

上海市住建委有关负责人表示，上海将强化供给与需求匹配、租赁与购置联动，形成"政策引导、市场 运作、多方协同、群众得益"的良好格局。同时，上海还将推动保障性租赁住房筹措模式创新，探索在 二手房市场中收购存量住宅，进一步拓宽保障房源筹措渠道；并通过存量房源收购，有效缩短建设周 期，优化区域布局，完善房型结构，加快形成有效供给。 签约活动上，建设银行上海市分行相关支行与浦东新区、静安区、徐汇区三个区公租房公司签署合作协 议，为开展收购工作提供金融支持。建设银行上海市分行有关负责人表示，为保障项目推进，分行将定 制专项方案，从融资安排、资金监管，到个人住房按揭、科创E建行科技人才一站式服务平台等，提供 全周期、多层次的金融服务支持。 2月2日，上海收购二手住房用于保障性租赁住房项目工作实质性启动。上海市住建委有关负责人在签约 活动上表示，上海开展收购二手住房用于保障性租赁住房工作，是精准对接新市民、青年人、大学毕业 生、各类人才等群体的租赁需求，助力构建青年发展型城市的有力举措。 记者在签约活动上获悉，上海市浦东新区、静安区、徐汇区作为首批试点区。第一批拟收购房源将着重 房型匹配、布局合理、配套成熟、交通便捷等特点， ...

Core Viewpoint - The expectation for a reduction in the value-added tax (VAT) rate from 5% to 3% for certain real estate sales and leasing has not been realized, as the Ministry of Finance and the State Taxation Administration announced that the VAT rate will remain at 5% for specific transactions until the end of 2027 [3][5]. Summary by Sections VAT Rate Changes - The VAT rate for small-scale taxpayers is now uniformly set at 3%, with no mention of the previous 5% rate [3]. - The announcement specifies that from January 1, 2026, to December 31, 2027, general taxpayers can choose to apply a simplified tax method at a 5% rate for certain taxable transactions [4]. Specific Transactions Affected - The transactions eligible for the 5% VAT rate include: - Real estate financing lease contracts signed before April 30, 2016 - Services related to real estate obtained before April 30, 2016 - Toll fees for highways and bridges with construction dates before April 30, 2016 - Leasing of real estate acquired before April 30, 2016 - Sale of real estate obtained before April 30, 2016 - Transfer of land use rights obtained before April 30, 2016 - Sale and leasing of real estate developed by real estate companies for projects started before April 30, 2016 [4][5]. Rationale Behind the Policy - The retention of the 5% VAT rate for these transactions is aimed at maintaining stability in the tax burden for older real estate projects, which were subject to business tax before the VAT reform [5][6]. - The policy is characterized by stability, transitional measures, and technical optionality, allowing taxpayers to choose between general and simplified tax methods based on their circumstances [6]. Fiscal Considerations - The decision to maintain the 5% rate may also be influenced by fiscal capacity, as recent years have seen significant challenges in fiscal revenue growth [6]. - In 2025, the national general public budget revenue was approximately 21.6 trillion yuan, a decrease of 1.7% from the previous year, with VAT revenue being the largest tax source at about 6.9 trillion yuan, reflecting a year-on-year growth of 3.4% [6].

Core Viewpoint - The expectation for a reduction in the VAT rate from 5% to 3% for certain real estate sales and leasing has not materialized, as the Ministry of Finance and the State Taxation Administration announced that the 5% rate will still apply to specific transactions until the end of 2027 [1][3]. Group 1: VAT Rate Changes - The VAT rate for small-scale taxpayers is now uniformly set at 3%, with no mention of the previous 5% rate [1]. - The announcement specifies that from January 1, 2026, to December 31, 2027, general taxpayers can opt to use a simplified tax method at a 5% rate for certain transactions [1][2]. Group 2: Specific Transactions Eligible for 5% Rate - The transactions eligible for the 5% VAT rate include real estate financing leases signed before April 30, 2016, and sales or rentals of properties acquired before that date [2]. - This also includes toll fees for roads with construction dates prior to April 30, 2016, and the transfer of land use rights acquired before that date [2]. Group 3: Rationale Behind the 5% Rate Retention - The retention of the 5% rate for certain real estate transactions is aimed at maintaining stability in tax burdens for older projects that were subject to business tax before the VAT reform [3][4]. - The policy is designed to avoid sudden tax increases for older real estate projects, ensuring a stable market and industry expectations [4]. Group 4: Financial Implications - The decision to maintain the 5% rate may also be influenced by the fiscal capacity of the government, as recent years have seen challenges in fiscal revenue growth [4]. - In 2025, the national general public budget revenue is projected to be approximately 21.6 trillion yuan, a decrease of 1.7% from the previous year, with VAT revenue expected to be around 6.9 trillion yuan, reflecting a year-on-year growth of 3.4% [4].

PresentationJohanna RentschChief Executive Officer I would like to warmly welcome everyone listening in. My name is Johanna Hult Rentsch, and I will be sharing this presentation with my CFO, Jakob Nilsson. 2025 has been an intense year for us. We have been operating in a challenging market. And we have a head of high focus on close customer engagement and letting amid strong competition in the office segment. Vacancies has been both our biggest challenge and our biggest opportunity and across the organizati ...

January 2026 2025 Annual Results Presentation Contents 2025 Annual Results Announcement 2025 Annual Results Investor Presentation 03 2025 Annual Results Highlights 19 Hang Lung V.3 24 ESG Highlights 36 Chinese Mainland Portfolio 40 Hong Kong Portfolio 45 Development Highlights 48 Appendix 49 HLP – Financial Highlights and Position 52 HLG – Financial Highlights and Position 2025 Annual Results Highlights Hang Lung Properties (101.HK) | | | | Operating | | Underlying | | HLP – | | Dividends per share | | | -- ...

Core Insights - High property taxes, expensive housing, and rising everyday costs are significant financial burdens for East Coast residents, prompting some to consider relocating to states with lower taxes and housing costs [1] Group 1: North Carolina - North Carolina offers a cost of living that is 4% lower than the national average, with significantly lower housing prices and property taxes compared to Northeastern states like New York, New Jersey, and Massachusetts [2] - The lower share of income spent on housing and taxes in North Carolina allows for increased savings, investments, and equity building, supported by continued population growth and job availability [3] Group 2: Georgia - Georgia provides access to large job markets while maintaining lower housing costs compared to major East Coast metros such as New York-New Jersey, Boston, Philadelphia, and Baltimore [4] - The relative rent gap in Georgia enables residents to allocate more funds towards savings and investments rather than housing [5] Group 3: Tennessee - Tennessee enhances wealth-building opportunities by having no personal income tax, which increases take-home pay compared to most East Coast states [6] - The state also features lower housing costs and moderate living expenses, combined with strong in-migration and job growth, allowing for more income to be available for savings and investments [6] Group 4: Florida - Florida supports wealth growth by eliminating state income tax, allowing residents to retain more earnings for savings and investments [7] - While housing costs vary across the state, many areas remain more affordable than those in Northeastern markets [7]

2026中国租住资管论坛 5年内销售面积下降53%，新开工面积下降71% 12月新房市场呈现 "跌势收敛、分化加剧" 态势 58安居客领先指数 显示新房找房热度近三年阶 梯下滑，当前已至历史低点，需求触底 0.94 0.77 0.73 0.66 0.59 2021 2022 2023 2024 2025 销售面积 新开工面积 供求比 2020-01 58 安居客研究院 ANJUKE INSTITUTE 58安居客研究院 张波 院长 2 58安居客研究院 07 "市场+保障"双轨制下,新阶段蕴含新机遇 2023年均挂牌181万→2025年均259万，+43% 7.32亿方 4.3亿方 0 10 20 30 40 50 60 70 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 202 -01 202 -04 202 -07 202 -10 2023-01 2023-04 2023-07 2023-10 2024-01 2024-04 2024-07 2024-10 2025-01 2025-04 2025-07 2025-10 环比下降城市 环比持 ...

智通财经APP讯，烽翼集团(08245)发布公告，于2026年1月26日，本公司(作为租户)与地隆置业有限公 司及财峯有限公司(作为业主)，就物业(香港北角电气道183号友邦大厦32楼3204B-06室)的租赁订立租赁 协议，自2026年5月27日起至2028年11月26日止(包括首尾两日)为期30个月租赁，用途作为本公司香港 的办公室。 ...