Asia Property Market Review.net

 

Asia Pacific Property Markets Review March

 

 

 

 

March 1,   2016

 

 

 

 

 

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Week IV 

 

 

• Hong Kong-listed Dalian Wanda Commercial, chaired by China's richest billionare, said it received offer from controlling shareholder to take the company private at HKD48 per share. But "since such preliminary consideration is still in progress at the date of this announcement, there is no certainty that the voluntary general offer, privatisation and delisting will proceed." the company said in a filing (Mar 31)

 

 

• Resale prices of non-land private homes in Singapore inched up 0.4% month on month in February, according to Singapore Residential Price Index (SRPI) compiled by the National University of Singapore's Institute of Real Estate Studies. Prices of homes in the central region, excluding small units, rising 0.5% from the previous month. In the non-central region, prices of homes, excluding small units, rose 0.3%. In contrast, prices of small units, which have a floor area of 506sqf or below, fell 1.1% in February compared to a month ago. (Mar 28)

 

 

• China Shanghai municipal government announced new property market cool down measures including restricting real estates agencies providing extra loan structures to buyers and increase the downpayment to 50% for second home purchases and 70% for second home purchase for invesment purposes. (Mar 25)

 

 

• Henderson Land, reported net profit or profit attributable to shareholders for the year ended 2015 boost up 27% to HKD 21.33 billion, from HKD16.75 billion on increased fair value gains on investment properties during the year. Revenue almost unchanged from a year ago at HKD 23.64 billion for the financial year ended December 31. (Mar 21)

 

 

• Hong Kong's private domestic housing completion supply will increase 61% to 18, 200 units in 2016 when compared with 2015. Completions in 2015 was 11 280 units, the number was 28% less when compared with the supply in 2014. Private dometic housing units take-up in 2015 was 10 530 units, slightly lower than the year’s completions, according to HKSAR Rating Valuation department statistics >> (Mar 20)

 

 

 

 

 

 

Week III 

 

 

• China Vanke, China's biggest property developers by property sales turnover, reported net profit attribute to shareholders went up 15.1% year on year to RMB18.12 billion (USD2.72billion) for the financial year ended December 31. Revenue was RMB184.32 billion, an increase of 33.6% as compared with 2014. Gross profit margin of the property development business was 20.38% when compared with 21.43% of 2014. Vanke maintained its net gearing ratio at 19.30%, relatively low level among industry peers. The company said its property development business achieved a sales amount of RMB261.47 billion, up 20.7% as compared with the same period last year. (Mar 14) 

 

 

• China’s leading residential property developer Country Garden reported revenue up 33.9% to RMB113.22 billion for the year ended 31 December 2015 among which revenue from property sales up 33.7% to RMB109.46 billion. Core net profit attributable to shareholders up 5.1% to RMB9.71 billion(USD 1.49 billion). Net gearing ratio is 60% for the financial year, approximately industry average among developers major in mainland China market. The board recommended a final cash dividend of RMB6.47 cents per share, total annual dividend payout ratio is 30% of the company total net profit. (Mar 15) 

 

 

• Shanghai-based Hong Kong property developer Shui On Land reported recorded turnover of RMB6.47 billion, compared to RMB10.25 billion in 2014, due to a lower residential sales contribution from Shanghai. Profit for the year was RMB1.77 billion compared to RMB2.49 billion in 2014. Profit attributable to shareholders was RMB788 million in 2015. The company attributed the profit decline to the depreciation of RMB against its USD and HKD denominated debt since January 2015, it recorded a paper loss of RMB1.31billion from this in 2015. Excluding the forex loss, the company's core earnings increased 438% to RMB2.42 billion in 2015, from RMB450 million in 2014, backed by contribution from the disposal of a project in Shanghai. (Mar 16)

 

 

• CK Property, the listed property development division of Cheung Kong Hutchison Group, reported net profit, or profit attributable to shareholders, inched 2.6% to HKD17.11 billion, from HKD17.07billion a year ago. Profit before investment property revaluation was HKD15.57 billion for the financial year ended December 31, 29% higher than that of the previous year. Investment property revaluation increment was lower in 2015 when compared with the year before that.  (Mar 17)

 

 

• CapitaLand’s service apartment division, the Ascott, signed six building sites and strategic partnership with China's Airbnb to expand its market shares in China's service apartments market under Somerset brand (Mar 18) 

 

 

 

 

 

Week II

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• Hong Kong’s largest shopping mall developer Wharf holdings reported profit attributable to shareholders, decreased 55% to HKD 16.02 billion(USD2.67 billion) as a result of lower investment property revaluation. Wharf Group, which owns Hong Kong’s biggest shopping mall Harbour City, at the same time reported core profit for the financial year of 2015 climbed 5% to HKD10.97 billion from a year ago. Development property core profit, including joint ventures and associates but excluding Greentown, grew by 48% to HKD 1.21 billion with more phased completion and revenue recognition for higher margin projects. (Mar 9) 

 

• CapitaLand’s serviced residence business unit, the Ascott, snagged a property in One-north business park, Singapore’s research and development hub, to rebrand it to Citadines Fusionopolis for new opening in April. (Mar 7)

 

 

• Swire Properties, the listed real estate arm of Swire Pacific group, reported profit attributable to shareholders for 2015 went up 47.9% to HKD14.07 billion(USD1.81billion) from HKD9.52 billion in 2014. Underlying profit, which adjusts for changes in the valuation of investment properties, decreased by 1% from HKD7.15 billion in 2014 to HKD7.08 billion in 2015. The company declared a second interim dividend of HKD48cents per share to shareholders. (Mar 10)

 

 

• One of Hong Kong top five property developers,  Wheelock and Company, reported operational profit for 2015 rose 27.5% to HKD20.05 billion(USD2.58billion) from a year ago. Profit attributable to equity shareholders, which excludes investment property revaluation, decreased 35% to HKD14.23billion. Earnings per share were HKD7.00 (2014: HKD10.83). (Mar 10)

 

 

 

 

 

 

 

 

Week I

 

 

 

• Hong Kong number of sale and purchase agreements of all building units recorded both month-on- month and year-on-year drop in February, according to the latest data released by the Land Registry. Number of sale and purchase agreements of all building units in Hong Kong recorded big drop in February, according to data released by the Land Registry today. Number of sale and purchase agreements of all building units in Hong Kong dropped to 2,583 transactions in February from 3,123 in January. Total transaction number was 8,060 of February in 2015 and 3,987 in February 2014. (Mar 2)

 

 

• Hong Kong’s luxury homes remain the second most expensive in the world in 2015. Singapore will overtake Hong Kong, moving to the third position in the world’s most important cities to UHNWIs in 2016, according to weatlh research report done by Knight Frank and Bank of China International. The report says China tops the largest billionaire population in Asia in 2015 while Shanghai tops in Asia on prime residential price annual growth. (Mar 3)

 

 

 

 

 

 

 

 

 

 

-- APMR News

 

 

 

 

 

 

 

 

More Daily News Briefing Available at 

 

• February Property Market News

 

• January News Briefing on Asia Property Markets

 

• February Financial Markets and Macro Review

 

 

 

 

 

 

 

 

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