* Shimao Property Holdings Ltd. is planning to further boost its 4.75% senior notes due 2022 series. The company said in a filing that it will conduct an additional international offering, which will be consolidated with its previous issues of US$450 million and US$150 million.
* China Overseas Land & Investment Ltd. secured its largest bank financing to date, borrowing an HK$18 billion five-year club loan from a syndicate of 15 Chinese and foreign banks. The company intends to use the loan to fund its new and existing property projects, to refinance debt and for other general corporate purposes.
Australia
* Charter Hall Group is on-track to buy the Telstra building at 231 Elizabeth St. in Sydney's central business district from Singapore-based Chinese trading house Bright Ruby under a roughly A$350 million deal, The Australian reported. The listed developer is reportedly is leading the race for the property against at least two other bidders, including Chinese investor Yuhu Group.
* Dexus, another party that previously shown interest in the Telstra building, is buying The Christie Centre in Sydney's Berry St. for more than A$60 million through its office partnership, The Australian reported.
* An indirect wholly owned subsidiary of Singaporean developer Roxy-Pacific Holdings Ltd. entered into an agreement to buy the six-story commercial and retail property Melbourne House building for roughly A$33 million. A mixed-use property, comprising a hotel and retail units, is intended for the asset.
Hong Kong and China
* In a bid to achieve business growth, Far East Consortium International Ltd. said it will pursue its regional strategy, which involves looking overseas for opportunities to acquire car parks, develop properties and operate and manage hotels, The Standard reported.
* Yuexiu Property Co. Ltd. secured a 36-month term facility for loans of up to HK$1.00 billion.
* Hong Kong's Lands Department launched the public tender for a 1,972.9-square-meter industrial site in Tsuen Wan, New Territories. Closing of the bidding for Tsuen Wan Town Lot No. 428 will be Dec. 29, noon, Hong Kong time.
* More than 90% of the 130 units on offer at Sun Hung Kai Properties Ltd.'s Cullinan West II project in Hong Kong were purchased Dec. 2, ahead of a potential interest rate hike in the U.S., the South China Morning Post reported. Market sources cited by the publication said that 119 units were sold. The unsold units are mainly large four-room units that are on sale for as much as HK$54.5 million each.
* A unit in the same development in Hong Kong's Sham Shui Po sold for HK$10.3 million, marking the first time in the district that a one-bedroom unit was acquired for more than HK$10 million, The (Hong Kong) Standard reported.
* Speaking of the expected rate increase, the SCMP, citing market watchers, also reported that any rate hike in the U.S. could slow property price growth in Hong Kong, but will not permanently curb the upward trend of prices in the world's most expensive urban center.
The decision of the U.S. Federal Reserve will impact Hong Kong because the city's monetary authority is required to follow any rate changes implemented in the U.S., the paper noted.
* In the first seven months of 2017, the issuance of real asset securities tripled compared with the same period in 2016, with some of the biggest Chinese developers, such as China Vanke Co. Ltd., Country Garden Holdings Co. Ltd. and Beijing Capital Land Ltd., as among those to have issued or planning to issue securities as a new financing source, JLL reported, citing a China Securities Research study.
JLL's Head of Research in China, Joe Zhou, said recent credit tightening policies have made securing bank loans harder, prompting developers to consider asset securitization as a way to get around regulations.
Singapore
* CapitaLand Ltd. said it will pay Dec. 8 the interest of its 2.80% convertible bonds due 2025, which were issued at an aggregate principal amount of S$650.0 million on June 8, 2015. After the planned payment, the bonds will no longer bear interest, according to a filing.
* OUE Commercial REIT Management Pte. Ltd. said it will redeem 100,000,000 convertible perpetual preferred units of OUE Commercial REIT for a combined S$100.0 million. The manager said the units were issued as partial payment under the REIT's billion-dollar deal to buy One Raffles Place from OUE Ltd.
* Oxley Holdings Ltd. announced that it has been included on the FTSE ST Large & Mid Cap Index and the FTSE ST Mid Cap Index.
* Allgreen Properties Ltd. purchased in separate deals the freehold residential sites of Royalville along Bukit Timah Road and the Crystal Tower in prime District 10's Ewe Boon Rd. for S$447.9 million and S$180.7 million, respectively. The (Singapore) Business Times reported that the Singaporean developer outbid nine competitors for Royalville and 12 other bidders to secure Crystal Tower.
Japan
* Tokyu Corp. launched the new mixed-use building Shibuya Stream in a planned IT business district, Tokyo's The Nikkei reported. The property will be home to Google Inc.'s Japan headquarters when it opens in the autumn of 2018.
* Mitsubishi Estate Co. Ltd. started the construction of a new mixed-use building in Yokohama's Minato Mirai area, Jutaku-Shimpo-Sha reported. The project with a total floor area of 37,000 square meters will be completed in January 2020.
Thailand
* Thai developer Habitat Group is planning to raise up to 1.5 billion Thai baht from an initial public offering intended in the second half of 2019, Deal Street Asia reported. Nearly 20%-30% of the proceeds from the planned offering are earmarked for the company's working capital, Habitat CEO Chanin Vanijwongse said.
Other real estate news
* The US$110.0 million sale of the 5,100-acre Edible Nuts farmland in California by Singapore-listed Olam International Ltd. to Farmland Partners Inc. has been completed.
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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. Articles and links are correct as of publication time.
Rollen Catorce and Jaekwon Lim contributed to this report.
As of Dec. 1, US$1 was equivalent to S$1.35 and 32.65 Thai baht.
