Swire Pacific Limited (Stock Codes: 00019, 00087) and Swire Properties Limited (Stock Code: 01972) have published a quarterly operating statement for the fourth quarter of 2025. The data reflects updates in occupancy rates, rental reversions, retail sales performance, as well as progress on developments and trading properties in Hong Kong, the Chinese Mainland, and other key markets.

Occupancy in the office portfolio in Hong Kong varied among principal properties. Pacific Place registered a rise from 95% as at 31 December 2024 to 96% as at 31 December 2025, with a reversion of -13%. Taikoo Place overall recorded occupancy of 93% at the end of 2024 and 89% at the end of 2025, alongside a reversion of -15%. Key offices in the Chinese Mainland, including Taikoo Hui Offices in Guangzhou and ONE INDIGO in Beijing, showed relatively stable occupancy levels at or above 83% to 93%.

Retail properties maintained consistently high occupancy. In Hong Kong, The Mall at Pacific Place, Cityplaza, and Citygate Outlets all operated at 100% occupancy throughout 2025, with year-on-year retail sales growth ranging from +1.6% to +5.6%. In the Chinese Mainland, Taikoo Li Sanlitun in Beijing and HKRI Taikoo Hui in Shanghai reported strong increases in retail sales of +11.2% and +49.6%, respectively.

Several investment and hotel projects under development in the Chinese Mainland continued progress into 2026 and beyond. Taikoo Place Beijing topped out its superstructure and proceeded with façade and mechanical works, while the Shanghai New Bund Mixed-use Project moved into façade and interior fit-out stages. Other major mixed-use developments, such as Lujiazui Taikoo Yuan and Taikoo Li Xi’an, reported ongoing structural and configuration works.

For the trading portfolio, The Headland Residences in Hong Kong continued handovers of Phase 1 units following issuance of an occupation permit in August 2025. Sales data showed 112 of its 592 total units had been sold or pre-sold by early February 2026, at an average sale price of HK$17,010 per square foot. Additional residential projects in Hong Kong, Shanghai, and Bangkok remained under construction or in various stages of fit-out and pre-sales, reflecting the ongoing expansion of Swire Properties Limited’s trading portfolio.

Investors are advised to note the figures as presented, which derive solely from internal management records for the fourth quarter of 2025.