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Sino-Ocean to issue 10B yuan of bonds; Pioneer selling Hong Kong tower for HK$1B

* Sino-Ocean Group Holdings Ltd. plans to issue not more than 10 billion Chinese yuan of medium-term notes in China, according to a filing. The company applied to the National Association of Financial Market Institutional Investors for the proposed issuance.

* The Pemberton building in Sheung Wan, Hong Kong, will have a new owner as Pioneer Global Group plans to sell the 24-story tower to Famous Spirit for HK$1 billion in a deal set to be completed by March 31, 2017, The (Hong Kong) Standard reported.

Hong Kong and China

* JPMorgan analysts Ryan Li and Karl Chan believe that China Vanke Co. Ltd. Chairman Wang Shi and the company's management team will continue to run the property developer, the South China Morning Post reported. Despite being embroiled in a long-standing takeover battle with its shareholders, the Shenzhen government prefers to retain the existing management, according to the publication.

* Hysan Development Co. Ltd. appointed Ricky Kon Wai Lui as COO, effective Dec. 28. The company said Irene Yun Lien Lee will continue as its executive chairman.

* Keppel Land Ltd. unit Keppel Land China Ltd. agreed to sell a 49.7% effective interest in Cityone Development (Wuxi) Co. Ltd. to Tianhonglixin Real Estate Co. Ltd. for approximately 619 million yuan. Cityone Development is a joint venture company that serves as the developer of the Central Park City township project in Wuxi, China.

* The secondary housing market in Beijing has hit a record high of 267,860 units as of Dec. 26, compared with the previous peak of 266,854 units in 2009, the 21st Century Business Herald reported, citing Centaline Property Agency.

Australia

* The New South Wales government's A$2 billion Central Barangaroo development in Sydney remains in limbo as the local government ponders what to do with the project, after declining bids from interested parties seven months ago, The Australian reported. Lendlease Corp. Ltd. and Mirvac Group were among the unsuccessful bidders.

Japan

* Mitsui Fudosan Realty Co. Ltd. plans to develop a parking lot in Minami-Kurazuka 1-chome, Toyonaka City. The construction will start in early February 2017, Kentsu Shinbunsha reported.

Singapore

* AIMS AMP Capital Industrial REIT said it received a temporary occupation permit for the 30 & 32 Tuas West Road redevelopment project, which is valued at S$60.7 million, according to a filing.

* The National University of Singapore's overall Singapore Residential Price Index showed that prices for completed private apartments and condominiums fell 0.7% month over month in November, The (Singapore) Business Times reported.

India

* Altico Capital dabbled in residential properties when it allotted 4.00 billion Indian rupees for Pharande Projects' and Panchsheel Buildtech's housing projects with a combined saleable area of 7.5 million square feet, The Economic Times of India reported.

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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.

Abdul Rehman Maqbool, John Chan and Julie Zhu contributed to this report.