November Property Market Review

[2017 - November - 1 ] British pharmaceutical giant GSK opened its Asia headquarter in Singapore today

[2017 - November - 3 ] HKRI Taikoo Hui, developed by HKRI and Swire Properites, officially opens at Nanjing Road West in Shanghai. HKRI Taikoo Hui is set to be an iconic landmark in Shanghai. The shopping mall held a soft opening in early May 2017. HKRI acquired the site in 2002 and brought Swire Properties into the venture on a 50:50 basis. The mix-use shopping malls involves a total investment of RMB17 billion

[2017 - November - 6] Shimao Property said the company's contracted sales value amounted to approximately RMB10.04 billion in October this year (October 2016: RMB5.30 billion) and the contracted GFA amounted to 564,472 sq.m. (October 2016: 380,342 sq.m.). The average selling price for October 2017 was RMB17,787 per sq.m.. The company’s aggregated contracted sales value amounted to approximately RMB78.60 billion for the ten months ended 31 October 2017, representing year-on-year increases of 39%. The average selling price for the ten months was RMB16,779 per sq.m..

[2017 - November - 7] Cifi group said unaudited first ten months contracted sales was RMB 78.87B, representing year on year growth of 70%, completed 98.6% of the full year sales target

[2017 - November - 8] Link REIT said its total distributable income climbed 7.2% in the six months ended September to HKD2.6 billion, boosted by strong rental income from shops and car parks

[2017 - November - 13] CapitaLand marked a record year of one million square metres of retail space offering with the opening of its largest mall of Suzhou Center

[2017 - November - 13] CapitaLand bought a 1.45-hectare site in vietnam of USD177 million to develop into a new complex project

[2017 - November - 27] Singapore becomes one of the few countries in the world to have more than 300km of cycling and jogging paths

[2017 - November - 27] Hong Kong's Link Real Estate Investment Trust, one of Asia's largest REIT by market capitalisation, agreed to sell its properties valued at HKD23 billion to Gaw Capital