Core Viewpoint - Songdu Service (09608.HK) has signed a letter of intent with Greenland Holdings to purchase a property in Hangzhou for RMB 6.65 million, highlighting the opportunity for capital preservation and investment in a prime location [1] Group 1: Property Acquisition Details - The property is located at the 17th floor, unit 1702 of Building 2, Hangzhou Century Center, in the Xiaoshan District of Hangzhou, with a total area of approximately 228.83 square meters [1] - The acquisition is seen as advantageous due to the property's location in a landmark building with strong market demand for both purchase and rental [1] Group 2: Investment Rationale - The property is expected to have strong value retention and appreciation potential, supported by high occupancy rates and strong liquidity [1] - The prestige of the landmark building enhances the property's reputation, creating a positive cycle that maintains favorable rental levels and high occupancy [1] - The current downturn in the real estate market provides a favorable opportunity for acquisition at lower prices, which is expected to yield significant capital gains [1]

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 - Songdu Service (09608.HK) has signed a letter of intent with Greenland Holdings to acquire a property in Hangzhou for RMB 6.65 million, which is seen as a good opportunity for capital preservation and investment due to its prime location and strong market demand [1] Summary by Relevant Sections - **Property Acquisition Details** - The property is located at the 17th floor, unit 1702 of Building 2, Hangzhou Century Center, in the Xiaoshan District of Hangzhou, with a total area of approximately 228.83 square meters [1] - **Investment Rationale** - The asset is situated in a landmark building in a prime location, which provides strong capital preservation and appreciation potential [1] - High occupancy rates and strong liquidity are expected due to significant market demand for both purchase and rental [1] - The reputation of the landmark building enhances the property’s standing, creating a positive cycle that maintains favorable rental levels and high occupancy [1] - **Strategic Advantages** - The property’s location offers strategic advantages for industry communication and collaboration for large listed companies [1] - Anticipated tenant profiles may provide predictable and reliable rental returns, contributing to stable income streams [1] - **Market Conditions** - The current downturn in the real estate market presents a favorable opportunity for acquisition at lower prices, supporting the expectation of capital gains [1] - The property’s robust fundamentals further bolster the outlook for appreciation [1]