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Asia Pacific Property Markets News September





September 30,  2016



  • Sun Hung Kai Properties reports 2016 annual profit rose 5% to reach HKD33.4billion(USD4.3billion) for the financial year ended June 30(September 8)

  • Shanghai-based Fosun International said it has completed acquisition of German private bank Hauck & Aufhäuser for EUR210million (September 9)​​

  • Li Kashing’s Cheung Kong Property Holdings will pay HKD1.95 billion (USD251million) for a site in New Territories, the Hong Kong Lands Department said, designated for private residential purposes. (September 14)

  • Shanghai Industrial Urban Development Group acquired two villa projects located in Shanghai, China for RMB 2.3 billion. (September 18)  

  • China's technology pioneer Legend Holdings is selling 42 property projects to developer Sunac Real Estate China for a total of RMB13.79 billion. The projects being sold are spread across 16 mainland cities (September 18) ​

  • New World Development today reported its underlying profit for the financial year ended June reached HKD6.89billion,1.8% higher than that a year ago. Net profit was HKD8.67 billion less than same period a year ago on property valuation drop, revenue rose 7.8% to HKD59.6billion (September 21)

  • Hang Lung Properties said it will open a conrad hotel in China's Shenyang City (September 21)

  • CapitaLand said it has, through its wholly owned subsidiary, CapitaLand (Vietnam) Holdings, acquired a prime site in District 1 of Ho Chi Minh City, for USD51.9 million. CapitaLand will hold a 100% stake in the site  – a 17-storey residential tower and a 22-storey serviced residence tower. The serviced residence will be managed by CapitaLand’s wholly owned serviced residence arm, The Ascott Limited, under its Somerset brand. (September 23)

  • Keppel Land China said today it will acquire a newly completed retail development in Jiading Shanghai, China, for RMB500 million(SGD102 million) (September 29)  Keppel Land China and Alpha Investment Partners divested a 80% stake in a Shanghai retail mall for USD516.9million (September 16)

  • Guangdong-based Agile Properties said today it has issued RMB1.8 billion domestic bond at coupon rate of 4.6% per annum for a term of 5 years and RMB1.2 billion at coupon rate of 5.7% per annum for a term of 7 years, to qualified institutional investors in mainland China. (September 29)

  • Property Developer Fullshare Holdings proposed to acquire a more than 90% equity interest in China High Speed Transmission Equipment Group to diversify into a wind power business in China. The move is also in line with Fullshare Holdings’ business direction of providing a green, healthy and comfortable living environment for society. (September 19) Fullshare holding issued new shares of HKD346million

  • BNP Paribas's property research team believes for the current market developers (in mainland China) can sustain sales and margin growth into 2017 and 2018 only if they have sown the seeds in 2015 and 1H16 - who made countercyclical land acquisitions and buying land when it was still cheap (September 22)

  • RBC Asset Management research sees the near-term outlook of the housing market is benign, with the pace of home building arguably running slightly below steady-state demand, but "medium-term risks are quite negative, revolving around the fact that 29% of China’s housing stock is vacant", RBC Asset Management research led by Eric Lascelles said (September 22)

  • Resale price of private homes in Singapore dipped down 0.6% in August from a month ago, the prices of the houses in the central region on average was unchanged, while those in the non-central region dropped 0.9% month on month, according to the Index compiles by the National University of Singapore's Real Estate Institute (September 13)

  • Hong Kong government rental evaluation department said residential property price index climbed 1.8% in August to 287.4, narrowing the decline to 6.1% from last year's peak in September, according to the data released by the government. The Rental Price Index inched up 0.84% to 168.7 (September 22)

-- APMR News

By APMR News Staff Writer

Article  Published on :  September 26, 11:45 am GMT+800

Article  Last Updated : October 8,  10:10 am GMT+800

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