Swire Pacific Ltd. has released its quarterly operating statement for Swire Properties Limited, covering the second quarter of 2025. The report indicates that sales of 156 units are expected to be recognized in the second half of 2025. Additionally, sales of saleable areas totaling 67,983 sq m, 36,202 sq m, and 16,342 sq m are projected to be recognized by the end of 2026, with a further 17,907 sq m expected by the end of 2027. In terms of occupancy, Pacific Place reported a slight decrease from 95% as of December 2024 to 94% as of June 2025, with an area let of 345,553 sq ft and a reversion rate of -14%. The latest rental rates (headline) for 1PP/2PP are reported between HK$85 - 95 per sq ft, and for 3PP, between HK$80 - 90 per sq ft. Taikoo Place saw occupancy fall from 93% to 90%, with 673,501 sq ft let and a -15% reversion rate. One Island East & One Taikoo Place recorded a decline in occupancy from 94% to 91%, with 265,389 sq ft let and a -14% reversion rate, with rentals ranging from the low 50s to mid 60s HKD per square foot. Investors are advised to exercise caution in dealing with shares of Swire Pacific Limited and Swire Properties Limited due to these updates.
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