Asia Property Market Review.net

 

Asia Pacific Property Markets News August

 

 

 

 

August   2016

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• Hong Kong's prices of private residential property index maintained at 275.7 at the end of June, unchanged from 275.7 at the end of May, it is 8.9% lower than same month a year ago. Island-wise rental index readings is 165.1 for the whole territory, up from 164.3 at the end of May, it is  5.2% lower than same time period last year. (August 1)​​

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• China MinMetals Land, through its wholly-owned subsidiary, acquired a piece of land in east Kowloon for a consideration of HKD4.005 billion. Yau Tong Land has a site area of approximately 113,300 square feet and a maximum gross floor area of approximately 566,700 square feet, it will be developed into a high-rise residential development with water-front promenade and landscaping, the company said. (August 4)

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• Special Report Interim Result 2016 - Shanghai-based property developer CIFI Holdings, reported net core profit of the first half boost 52% year on year to reach RMB948 million, gross profit margin to reach 27.1%. Net gearing ratio was reduced to 57.4%. Cash on hand was RMB 16.08 billion. (August 17) 

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• China Evergrande Group, earlierly know Evergrande Real Estate Group, splashed RMB9.1billion bought 4.68% stake of China Vanke's A-share (August 4) China Vanke reported profit increase amid intensive controlling shareholders battle of management destination. (August 10)

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• China housing statistics bureau said today the property price hike speeds in several Tier-2 cities have exceeded those in Tier-1 cities in July according the latest data tracking the market. (August 18)

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• New home sales transactions in Australia declined in July, offsetting gains in June, the Australian reported. (August 28)

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• Singapore Exchange (SGX) said today it will launch a SGX APAC ex Japan Dividend Leaders REIT Index, composed of 30 real estate investment trusts (REITs) across the Asia Pacific ex Japan region. (August 29)

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• Prices of non-landed private apartments in Singapore climbed up overall 0.2% in July month on month, following the 0.6% gain in June, reversing the 0.9% drop in May,  index by the NUS Singapore Residential Price Index (SRPI) showed  >>  (August 30)

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