December Property Market Review
[December- 2 - 2018]China Conglomerate to list Club Med Unit for IPO, seeking to raise up to USD548 million this month in Hong Kong. Fosun International (0656.HK), which bought Club Med in 2015 for 916 million Euros, is looking to raise up to USD 548 million with the IPO of its Club Med holiday business in Hong Kong, as it seeks funds to grow its business in China and overseas asset acquisition, the company said.
Fosun Tourism set an expected IPO price range of HKD15.60 to HKD20 a share, which at the top end would result in proceeds of HKD 4.13 billion. Club Med, which was listed on Euronext Paris before the buyout, accounted for virtually all of Fosun Tourism's revenues and profits last year, but the company's operations include the new 11 billion yuan ($1.59 billion) Atlantis Sanya resort center on the Chinese holiday island of Hainan and various tourism services businesses
[December - 5 - 2018] Sino Land Company won a 50-year land grant at a premium of HKD203.89 million on Lantau island.The site has an area of about 2,692 square metres, with minimum gross floor area of 646 square metres and the maximum gross floor area that may be developed is 1,076 square metres.
[December - 7 - 2018] Singapore public housing board said the Housing Board (HDB) will launch about 15,000 new flats in 2019
[December-17- 2018]AF Global has agreed to sell its full ownerships rights to the Crowne Plaza London Kensington hotel in the United Kingdom for £84.4 million (SGD146 million) in cash, the property and hospitality group said on Monday (Dec 17). The sale will represent a net gain of about SGD14.4 million. The seller didn't name the buyer
[December -18 - 2018] Datapulse Technology has entered into definitive agreements with South Korean company Hotel Prima Co to acquire Hotel Aropa in Seoul for 35 billion won (SGD42.7 million). In a Singapore Exchange filing late on Sunday night, Datapulse said that on Dec 14, it signed a conditional real property sale and purchase agreement to acquire the entire land and building for Hotel Aropa, as well as transfer agreement for the assets, licences, contracts and employees of the hotel
[December - 21 - 2018] Fraser buys Melbourne estate