* Sumitomo Realty & Development Co. Ltd.'s profit attributable to the owners for the quarter ended June 30 increased 14% year over year to ¥55.83 billion from ¥48.96 billion. EPS also increased year over year to ¥117.80 from ¥103.31, while operating income rose 13.4% to ¥81.40 billion from ¥71.76 billion.
* Daiwa House Industry Co. Ltd.'s net income attributable to owners for the fiscal first quarter ended June 30 grew 24.2% year over year to approximately ¥65.07 billion from ¥52.41 billion. EPS for the fiscal first quarter grew to ¥98.00 from ¥78.83 in the year-ago quarter.
* Jiayuan International Group Ltd. completed its nearly 4.06 billion-yuan purchase of a Chinese property development business from its chairman and ultimate controlling shareholder. Following the transaction, the Hong Kong-listed developer gained ownership of Huiyuan Investment Holdings Ltd., which holds equity interests in property development project companies in China's Anhui province.
Hong Kong and China
* Swire Pacific Ltd. and its Swire Properties Ltd. subsidiary both reported year-over-year declines in their respective profit for the first half. The parent company's profit attributable to shareholders for the period fell 41% year over year to HK$7.94 billion from HK$13.50 billion, while its unit posted a 58% year over year decline in its profit attributable to shareholders to HK$8.97 billion from HK$21.21 billion.
* Longfor Group Holdings Ltd.'s aggregate contracted sales for the first seven months of 2019 amounted to 125.62 billion yuan, up from 114.34 billion yuan in the prior-year period. Contracted gross floor sales area for the period also improved to 7,666,000 square meters from 7,102,000 square meters.
* Meanwhile, the respective contracted sales of Logan Property Holdings Co. Ltd., Midea Real Estate Holding Ltd. and China SCE Group Holdings Ltd. for the seven months ended July 31 increased year over year by 24.7% to about 54.62 billion yuan, by about 20.27% to approximately 54 billion yuan and by 68% to nearly 42.22 billion yuan.
* The bidding for the Kai Tak Sports Park commercial land parcel is slated to close Aug. 9, Metro Daily reported. Alex P.W. Leung, a partner at CFHT Advisory and Appraisal Ltd., expects the property to fetch up to HK$3.6 billion, reflecting a per-square-foot floor price of between HK$9,800 and HK$10,500.
* Hong Kong's Lands Department launched the public tender for a roughly 10,692-square-meter nonindustrial development site in the Kai Tak area of Kowloon in the city. The New Kowloon Inland Lot No. 6546 property, with a minimum gross floor area of 48,114 square meters and a maximum gross floor area of 80,190 square meters, will remain on offer until Sept. 20.
* QIC Global Real Estate issued A$300 million of green bonds for its unlisted QIC Shopping Centre Fund, The Australian Financial Review reported. Proceeds from the company's offering of the green bonds will be used to improve the sustainability of certain assets in the fund's A$15 billion portfolio, including the Eastland mall in Melbourne, the Grand Central property in Toowoomba and the Robina Town Centre on the Gold Coast.
Now featured on S&P Global Market Intelligence
Data Dispatch: Among 25 largest REITs, 15 top Q2 consensus earnings estimates, 4 fall short
Data Dispatch: 7 US real estate companies boost dividends in July
The Daily Dose Asia-Pacific, Real Estate edition is updated by 6:30 a.m. Hong Kong time. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.