Asia Pacific Property Markets Review January 

 

 

 

January 3,  2017

 

 

  • Property developer CIFI Group said it has signed an unsecured club loan agreement with a group of major Hong Kong and Chinese banks, unsecured term loans with an aggregate amount of USD530 million, comprising: (i) RMB1,980 million (equivalent to approximately USD284 million) 3-year RMB tranche with an interest rate of 4.75% per annum; and (ii) approximately USD246 million 4-year HKD/USD tranche with an interest rate of HIBOR/LIBOR + 3.7% per annum. Proceeds of the club loans will be used for re-financing of the group’s existing debts and/or general working capital. (January 3)

  • Yuzhou Properties said its full year contracted sales in the full year of 2016 was RMB 23,206 million, increased by 66% compared to 2015 full year. (January 5) Yuzhou Properties said it has successfully issued USD350 Million 5-Year Senior Notes (including 3-years non-repurchase period) with the final coupon rate at 6.0% (January 20)

  • China Minmetal Land said unaudited contracted sales for the twelve months ended 31 December 2016 amounted to approximately RMB11.7billion, up over 30% than a year ago, the company said(January 9) 

  • Fantasia Holdings announced today that it has completed the redemption of the USD 300million USD-denominated senior notes due January 2019 with a 10.625% coupon(January 24)

  •  Lendlease is pleased to announce the appointment of Keith Low to the role of Head of Asset Management, Asia. Prior to joining Lendlease, he held various roles at CapitaLand Mall Asia. Most recently, he was based in Malaysia as the General Manager of Retail Development and the head of a joint venture to develop and manage the company’s first greenfield project with Sime Darby Property, one of the largest developers in Malaysia. (January 23)

  •  Keppel Corporation reported net profit for 2016 dropped to SGD143million from SGD405million in 2015, audited revenue was SGD1.9billion (2015 SGD2.48billion) (January  26)

1/3
 
 
 
 

Copyright © APMR - Asia Property Market Review. All Rights Reserved.

  • Grey Facebook Icon
  • Grey Twitter Icon
  • Grey LinkedIn Icon
  • Grey Google+ Icon