智通财经APP讯，希慎兴业(00014)发布截至2025年12月31日止年度业绩，该集团取得营业额34.64亿港 元，同比增加1.6%;经常性基本溢利19.18亿港元，同比减少1.9%;基本溢利25.1亿港元，同比增加28.3%; 每股基本盈利31港仙。 营业额按年增长1.6%，经常性基本溢利则按年下跌1.9%。受惠于出售竹林苑住宅单位的公平值收益所 带动，基本溢利按年上升28.3%。 商铺业务营业额按年增长2.6%。受惠于奢华品牌旗舰店的进驻及扩充，续租租金水平维持上升。2025 年下半年租户销售额录得双位数按年增长。 写字楼业务营业额维持平稳。在香港写字楼租赁市场持续面对挑战的情况下，我们的香港写字楼出租率 由90%提升至94%，纾缓续租租金水平向下的影响。 启动80亿港元的五年期资本循环计划，以充实财务状况及提升长远价值。于2025年内，已完成资本循环 目标的26%并收取21亿港元。 ...

港股频道更多独家策划、专家专栏，免费查阅>> 责任编辑：磐石 商业地皮方面，连续第二年没有商业用地推出发售，将透过改善供需情况来支持写字楼及零售物业市 场。而各项人才计划已吸引27万人来港，其中逾10万人透过高端人才通行证计划来港，为香港创造额外 的住屋需求。 另外，政府正寻求将房托基金(REITs)纳入互联互通机制，并引入修订条例草案以促进REITs私有化或重 组，以及可能豁免寻求上市的REITs转让非住宅物业的印花税；此举对领展属正面因素。整体而言，该 行对香港楼价复苏保持建设性看法，预期今年楼价升10%，且不预期年内会推出任何收紧措施。香港地 产股年初至今股价已累升约20%至50%，部分上行空间已被消化。即将展开的业绩期，在利润率下降及 2026年盈利展望疲弱下，可能带来波动。 2月26日，摩根士丹利发表研报指，港府新一份《财政预算案》宣布将价值超过1亿港元的住宅物业印花 税率上调至6.5%。该行估算此类物业在2025年占总成交量0.3%，但占总成交额8%，预期措施将对九龙 仓集团构成负面影响；其他有此类物业风险敞口的公司包括恒隆地产、长实、恒地及新地。 ...

极目新闻记者 马清妮 与此同时，武汉楼市经过调整之后，房价收入比等指标趋于合理，各个板块都有一些性价比高的热点项目，宜居性明显提高，对本市居民以及外来家庭的吸 引力都在增强，有力支撑了整个市场的成交。 通讯员 武房新 （来源：极目新闻） 2月24日，极目新闻记者从武汉市住房和城市更新局获悉，春节期间（2月15日-22日），武汉市新建商品房网签销售面积8.04万平方米。其中，新建商品住 房成交1.02万平方米，同比2025年春节期间增长28%。 "进入2026年以来，武汉市房地产市场热度居高不下，在往年1-2月份是地产的淡季，今年却走出火热的势头。"武汉承宁府营销负责人徐源介绍，和2025年 相比，近两月来访量明显增高，返乡置业的客户比例显著增加，成交周期也缩短了不少。进入2026年以来，承宁府项目累计来访达903组，新增认购35套， 网签20套，签约金额约6400万。35套新增认购中，来自外地返乡置业的占比突破三成。 中指研究院（华中）市场研究中心主任李国政分析，春节期间武汉楼市亮眼表现源于三大优势的加持：武汉市1月15号就启动了返乡置业购房季活动，加上 春节期间天气晴好，有利于房企的各项营销活动，各大楼盘通 ...

Core Viewpoint - The Hong Kong real estate market is showing significant growth, with a notable increase in both primary and secondary residential property transactions, indicating a recovery trend in the sector [4][6][7]. Group 1: Primary Residential Market - In January, the transaction value of primary residential properties more than doubled year-on-year, reaching HKD 19.2 billion, with a year-on-year increase of 148% [4][6]. - The number of primary residential transactions in January was 1,539, reflecting a year-on-year increase of 103% [6][7]. - Key developers such as Henderson Land, New World Development, and Cheung Kong achieved sales growth exceeding 100%, with the total sales of six major developers increasing by 173% [4][7]. Group 2: Secondary Residential Market - The secondary residential market also saw a significant increase, with transaction values rising by over 50% year-on-year, totaling HKD 29 billion in January [4][8]. - The average price index for large residential estates increased by 2.5% month-on-month and 7.3% year-on-year, marking the largest monthly increase in three years [4][8]. Group 3: Financial Environment - The mortgage loan environment remains supportive, with new mortgage approvals in December increasing by 22% year-on-year, and the average mortgage rate decreasing to 3.25% [5][11]. - The overall mortgage-to-value ratio has improved to 60.1%, indicating a stable financial backdrop for property transactions [5][11]. Group 4: Commercial Real Estate - The vacancy rates for commercial properties, including private offices and retail spaces, have shown improvement, with a decrease in vacancy rates by 0.3 percentage points for offices and 1.2 percentage points for retail properties [5][12]. - Retail sales continued to recover, with a year-on-year increase of 6.6% in December, driven by a rise in tourist numbers and economic recovery [5][12][13]. Group 5: Land Transactions - In January, a residential land parcel in Kowloon was successfully bid by a consortium led by Sino Land, with a transaction price of HKD 1.61 billion [10][30]. - The land area was approximately 3,800 square meters, with a planned gross floor area of 20,682 to 34,470 square meters [10][30].

观点指数在1月29日观点指数研究院发布的《小额资产交易活跃 | 2026年1月商办与办公空间发展报告》中，观点 指数认为，核心城市核心区域的写字楼仍是最易变现的资产。 国家统计局数据显示，2025年1-12月，全国办公楼开发投资额和销售额累计值分别为3203亿元和2900亿元，分别 同比下滑22.8%和9.3%，对比1-11月的同比数据，前者跌幅进一步扩大，后者跌幅有轻微收窄。 同期办公楼新开工面积和竣工面积累计值分别为1471万平方米和2071万平方米，分别同比下滑21.9%和同比增长 6.7%。 从数据来看，开发投资和销售额均出现两位数下滑，且投资跌幅扩大，市场信心不足，开发商投资意愿减弱。同 时，新开工面积大幅下降，但竣工面积却在增长，导致市场存量增加，去化周期可能延长。 | | | | 2025年12月-2026年1月写字楼市场部分租赁案例不完全统计 | | | --- | --- | --- | --- | --- | | 序号 | 时间 | 写字楼项目 | 域市 | 入驻企业 | | 1 | 2025年12月 | 广西合景国际金融广场 | 南宁 | 中科电能 | | 2 | 2025年12月 | ...

Core Viewpoint - The minimum down payment ratio for commercial properties in Hebei Province has been reduced to 30%, effective from February 4, 2026, as part of a broader effort to stimulate the commercial real estate market and support economic development [1][3]. Summary by Category Policy Changes - The People's Bank of China, Hebei Branch, announced a new policy that lowers the minimum down payment for commercial property loans from 50% to 30% for various types of commercial real estate, including shops, apartments, office buildings, and hotels [2][4]. - The adjustment is part of a strategy to implement city-specific measures based on local government requirements and aims to facilitate the reduction of inventory in the commercial real estate market [2][4]. Market Impact - The reduction in the down payment requirement is expected to lower the barriers for purchasing commercial properties, thereby attracting more potential investors to the commercial real estate sector [2][4]. - This policy change is seen as a specific measure to promote economic growth by directing resources towards more efficient sectors and projects [2][4].

Group 1 - The core viewpoint of the article indicates that investors in the Asia-Pacific region are preparing to invest more capital in commercial real estate by 2026, driven by improved tenant fundamentals, reduced supply, and a gradually easing financing environment [1][2] - Hong Kong has returned to the list of top cross-border investment destinations, ranking fifth after not making the top ten last year, with the office sector becoming the most popular investment category for the first time in six years [1][2] - Over 57% of respondents in the survey expressed intentions to purchase more real estate in 2026, reflecting a significant improvement in buying sentiment across most markets in the Asia-Pacific region [1] Group 2 - The office sector is now the most favored investment category, followed by industrial and logistics, and residential properties, with Greater China buyers becoming more active in acquiring office assets, particularly in Hong Kong [2] - Investors are expanding their focus on residential property assets, including mainstream "Build-to-Rent" and "Build-to-Sell" models, with student accommodation showing strong performance, especially in Australia and Hong Kong [2] - The survey indicates that REITs, institutional investors, and large funds are expected to be more active in 2026, continuing the recovery trend observed in 2025, while private investors and developers may shift to net sellers due to capital recovery and asset disposals [2] Group 3 - The main challenges faced by investors include rising labor and construction costs, which have become the primary challenge for the first time since the survey began, ongoing geopolitical tensions particularly in mainland China and India, and resurfacing interest rate risks, especially in Japan and Australia [3]

K u n w u J i u d i n g I n v e s t m e n t H o l d i n g s C O . , L t d 2025 年 第 四 季 度 房 地 产 业 务 经 营 情 况 简 报 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 证券代码：600053 证券简称：九鼎投资 编号：临 2026-003 昆 吾 九 鼎 投 资 控 股 股 份 有 限 公 司 现将昆吾九鼎投资控股股份有限公司 2025 年第四季度房地产业务主要经营数据 公告如下，供投资者参阅。 特此公告。 昆吾九鼎投资控股股份有限公司 董 事 会 2026 年 1 月 31 日 二、2025 年第四季度房屋出租情况 | 类型 | 出租面积（m2） | 出租率（%） | 租金收入（万元） | | | --- | --- | --- | --- | --- | | 写字楼 | 7,712.14 | 40.04 | | 129.66 | | 其它 | | | | | 注：由于存在各种不确定性，上述经营指标和数据与定期报告披露的数据 ...

有业内人士分析，此次调整可为购房者、小微企业、创业者等带来不少利好。对比可见，此次湖南省全省（涵盖 14个市州）的商业用房（包括商住两用房）购房贷款最低首付款比例统一调整为不低于30%，相比此前普遍执行 的50%首付比例，资金门槛显著降低。以一套总价100万元的商业公寓为例，首付比例从50%降至30%，意味着购 房者的前期资金压力减少20万元。 来源：长沙晚报 长沙晚报掌上长沙1月26日讯（全媒体记者 孙占锋）从1月22日起，在湖南省14个市州购买公寓、商铺等商业用房 （含商住两用房），购房贷款的最低首付比例调整为不低于30%。此次商业首付比例的大幅下调，明显为投资者 降低了资金门槛，同时也利好小微企业和创业者。不过，专业人士也提醒置业者关注月供压力增加以及商业用房 的持有成本与潜在风险。 日前，中国人民银行湖南省分行联合国家金融监督管理总局湖南监管局印发通知明确，自1月22日起，全省商业用 房（含商住两用房）购房贷款最低首付款比例调整为不低于30%。各银行业金融机构可在全省最低首付款比例基 础上，结合本机构经营状况、客户风险状况等因素，合理确定每笔贷款的具体首付款比例。 对于初创企业主和个体户而言，购买写字 ...

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The Shenyang Grade A office market maintained a total stock of 1,369,293 square meters with no new supply in Q4 2025, and recorded a net absorption of -5,470 square meters, leading to a vacancy rate increase to 33.5% [38] - The average rent decreased by 2.7% to RMB 55.1 per square meter per month [38] - The retail market in Shenyang remained stable with a total stock of 6,569,251 square meters and an average rent of RMB 227 per square meter per month, while the overall vacancy rate was 19.53% [62] Summary by Sections Macro Economic Overview - Shenyang's GDP was reported at 7,248 billion RMB, with a third industry growth rate of 4.3% [4][6] - The per capita disposable income for urban residents was 43,482 RMB [10] Real Estate Development - Real estate development investment growth rate in Shenyang was -26.0% [13] Major Land Transactions - Significant land transactions included commercial and residential land in Heping District and Yuhong District, with total prices ranging from 0.239 billion to 6.445 billion RMB [16] Grade A Office Market Overview - The total stock of Grade A office space was 1,369,293 square meters, with no new supply in Q4 2025 [22] - The average rent was RMB 55.1 per square meter per month, with a vacancy rate of 33.5% [38] - The top three industries by leasing transactions were trade (23%), TMT (22%), and professional services (21%) [32] Retail Market Overview - The total stock of quality retail properties was 6,569,251 square meters, with an average rent of RMB 227 per square meter per month [42] - The vacancy rate was 19.53%, and the market focused on the decommissioning and upgrading of existing projects [62] - New store openings were primarily in the dining and experiential retail sectors, indicating a shift towards innovative consumption [62]