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Asia Pacific Property Markets News August





August   2016





  • 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)​​

  • 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)

  • 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)

  • 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)

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

  • 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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