* The Macquarie Group submitted applications to build two office towers in the north and south sites of Sydney's Martin Place, The Australian reported. The publication, citing property experts, said the construction of the 193-meter-tall and 135-meter-tall buildings will increase the value of the group's holdings in the area to A$3 billion, including Macquarie's existing 50 Martin Place building.
* China Evergrande Group unit Guangzhou Kailong Real Estate Co. Ltd. signed a deal with 13 investors to sell stakes in Hengda Real Estate Group Co. Ltd. for a combined amount of 39.5 billion yuan. The move, which is part of the group's reorganization, further reduced Kailong Real Estate's interest in Hengda to 73.88%.
* Far East Consortium International Ltd., Chow Tai Fook Enterprises Ltd. and The Star Entertainment Group Ltd. submitted fresh plans for the A$3 billion Queen's Wharf integrated resort development in Brisbane, Queensland. According to The Australian, the revised proposal includes plans to construct 2,000 apartments and 1,600 hotel rooms, 600 rooms more than the original plan. The consortium took official control of the project site Jan. 1.
* Online real estate settlement company Property Exchange Australia Ltd. reportedly raised A$780 million in capital ahead of its planned listing on the Australian bourse or a major trade sale, which is expected to take happen by late 2018. Investors, according to The Australian, include the Macquarie Group, Link Group, Australia's four biggest banks and the states of Victoria, New South Wales, Queensland and Western Australia.
* The Gold Coast City Council approved the proposal of casino operator and developer Tony Fung to construct a A$440 million luxury hotel in the Queensland city, The Australian reported. The approval was given for a 48-story development in Surfers Paradise that will include 580 hotel rooms and several restaurants.
* The joint proposal of the City Tattersalls Club and ICD Property to redevelop the club's Pitt Street headquarters in Sydney was rejected by the NSW Land and Environment Court, The Australian Financial Review reported. Commissioner Danielle Dickson of the Land and Environment Court told the publication that the A$200 million plan will negatively impact some heritage elements in the site.
* The Urban Development Institute of Australia NSW Chief Steve Mann warned that the state government's decision to impose additional stamp duty on overseas buyers will also harm Australian buyers in the long run, adding that it will only drive prices up, according to a report by The Australian.
Hong Kong and China
* Cheung Kong Property Holdings Ltd. will increase the prices of the third batch of units by 10% in its Ocean Pride project next to the Tsuen Wan West station in Hong Kong, the South China Morning Post reported, citing William Kwok, a director at Cheung Kong Real Estate, a company subsidiary.
* S&P Global Ratings cited
* CapitaLand China, a subsidiary of CapitaLand Ltd., purchased the newly built Guozheng Center office complex in Shanghai's Yangpu District for 2.64 billion yuan.
* Japan Rental Housing Investments Inc. is issuing investment corporation bonds ?worth ¥1.6 billion, with proceeds from the issuance to be used for the repayment of the company's existing bank loans.
* MCL Land, a unit of Hongkong Land Holdings Ltd., was awarded the 376,713-square-foot Eunosville site in Singapore under a S$765.8 million deal. The site has been earmarked for residential purposes and houses 330 units.
* The upscale global hotel brand Hilton Garden Inn branched out to Singapore, launching the 328-room Hilton Garden Inn Singapore Serangoon.
Elsewhere in Southeast Asia
* Santos Knight Frank President and CEO Rick Santos said Asian buyers are sustaining the demand for luxury and high-end residential properties in the Philippines, The Manila Times reported. Santos was quoted in the report as saying investors from China, Japan, South Korea, Singapore, Indonesia, Hong Kong and Malaysia are taking advantage of low interest rates, flexible payment schemes and the weaker Philippine peso.
The report also noted that Ayala Land Inc., Megaworld Corp. and Rockwell Land Corp. are some of the providers of these high-end properties.
* Mah Sing Group disclosed plans to buy more land in the Klang Valley area in Kuala Lumpur, Malaysia, The (Malaysia) Star reported. Earlier, the company unveiled plans to develop an approximately 1.3 billion-Malaysian-ringgit residential property in Sentul, also in Kuala Lumpur.
* According to a report by The Economic Times of India, the country's government allocated 150.00 billion rupees in 2017 for its plan to construct 5,100,000 houses between 2017 and 2018. The publication noted that the funding is part of the government's revised Pradhan Mantri Awaas Yojana Gramin plan.
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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.
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Rollen Catorce contributed to this report.