* Certain buyers of 's The Zumurud apartments in Man Tau Kok, Hong Kong, will haveup to 12 years to complete payments, setting a record for the longestcompletion date for new flats in the special administrative region, the South China Morning Post reported,citing Midland Realty residential department CEO Sammy Po.
Thefinancing plan is available for 19 of the first 23 available flats at the19-floor project after a 20% deposit, the report said.
* appliedto the Hong Kong bourse for the listing of a US$5.00 billion medium-term noteprogram. The listing is expected to be effective Oct. 3.
HONG KONG AND CHINA
* KWG Property Holding Ltd. issued8.00 billion Chinese yuan of bonds as the third tranche of its 13.00billion-yuan issuance. The third-tranche domestic corporate notescomprised three types.
* 's CapitaLand RetailChina Trust completedits approximately 1.53 billionyuan acquisition of the Galleria mall in Chengdu, China.
* Perennial Real EstateHoldings Ltd.'s subsidiaries collectively securedloans worth 6.4 billion yuan from the Bank of China Beijing Branch. The loanswill be used for the Beijing Tongzhou Integrated Development in Beijing, whichcomprises retail, office and residential components.
* said thatThe Ritz-Carlton Hotel Co. LLC signed a deal with Sichuan Jiuzhai LunengEco-Tourism Investment Development Co. Ltd. to open an all-villa property inJiuzhaigou Valley, a UNESCO world heritage site. The Ritz-Carlton Jiuzhaigouwill have 87 villas, according to a statement.
* , itssubsidiaries, joint ventures and associates recordedapproximately 225.57 billion yuan of contracted sales between January andSeptember, representing around 27.79 million square meters of contracted grossfloor area.
* , itssubsidiaries, joint ventures and associates also postedcontracted sales for the first nine months of 2016, amounting to around 68.6billion yuan. The sales figure represented a saleable area of 3,480,000 squaremeters.
* Some local governments inChina such as Chengdu in Sichuan province and Zhengzhou in Henan provinceprohibited buyers to acquire a third property in certain areas, while Beijingand Wuxi modified down payment rules, in an effort to cool down the propertymarket, Bloomberg News reported.
* Hangzhou reported thatnew-home inventory in the city in August was down 15% from July, Xinhua NewsAgency reported.Guangdong, meanwhile, saw its total housing inventory in August drop about13.75 million square meters from 2015-end, SouthernDaily reported.
AUSTRALIA
* Fitch Ratings said in a notethat for most owner-occupiers, property appreciation in Australia outweighsreturns from unpaid rents.
* 's managerrevised the sale price for three offices at 600-604 Great South Road inGreenlane, New Zealand, to NZ$210.0 million from NZ$206.0 million to reflectnew leases secured during the purchaser's due diligence period. The sale forthe three properties is unconditional.
JAPAN
* receivedthe green light from Tokyo Metropolis for its revised proposal to redevelop a3.1-hectare sire in Otemachi 2-chome, Chiyoda Ward and Yaesu 1-chome, ChuoWard, Fudosan Toushi News reported.
* and MitsuiFudosan Hotel Management Co. Ltd. began work for a new hotel in Shinagawa Ward,Tokyo, for a summer 2018 opening, Yutosoken reported.
* The Wall Street Journal takes a look at the history of theIndustrial Bank of Japan's headquarters in Tokyo, which was scheduled to be torndown Oct. 1. The paper saidthat the landmark building is one of "several boom-era" structuresthat are being demolished to give way to new towers, among other reasons.
SINGAPORE
* Moody's withdrew 's Baa3 issuer ratingwith a stable outlook for its own business reasons.
* A Knight Frank report showedthat average industrial rents in the country could fall up to 8% in the lastquarter compared to the same period in 2015, amid consolidation and relocationactivity in the industrial property sector, The(Singapore) Business Times reported.
PHILIPPINES
* unveiled The Ellis inMakati, the country's first building to mix residential and co-working spaceelements when it reaches completion by 2021, The Manila Times reported.
OTHER REAL ESTATE NEWS
* agreedto buy the entire interest in a property in Farringdon, London, for £229.6million, subject to usual post-completion adjustments. UOL's associatedcompany, United Venture Investments (HI) Pte. Ltd., signed the deal for theoffice-retail property with Holborn Management Ltd. and 120 Holborn Propco Ltd.
* exercised an optionto take full ownership of the planned redevelopment of the 1-5 Grosvenor Placeproperty in Belgravia, London, for £107.5 million, according to a filing.
Now featured on S&PGlobal Market Intelligence
: Wynn Resorts saw the biggestshort-interest gain and was also the most-shorted gaming stock during the firsthalf of September.
: WCI Communities saw the greatestshort-interest gain, while LGI Homes was the most shorted homebuilding stockduring the first half of September.
: U.S. equity REITs saw average shortinterest rise 12 basis points during the first half of September, reaching3.28% of outstanding shares.
: While themultifamily REIT may be an attractive acquisition target for a wide range ofpotential buyers, reports of a potential sale are emerging earlier than someobservers might have expected.
: Someobservers say the Lehigh Valley in Pennsylvania and New Jersey is on its way tobecoming the next Inland Empire, the west coast industrial mega-market outsideLos Angeles. The extraordinary building boom and rising rents in the marketsuggest they may be right.
The Daily Dose Asia-Pacific, RealEstate edition is updated by 6:30 a.m. Hong Kong time. Some external links mayrequire a subscription. Articles and links are correct as of publication time.
Cam Nones, John Chan andJulie Zhu contributed to this report.