* Country Garden Holdings Co. Ltd.'s first-half profit attributable to owners increased 20.8% year over year to 15.64 billion yuan from 12.94 billion yuan in the prior-year period. EPS for the period rose to 71 fen from 58 fen.
* China Overseas Land & Investment Ltd. posted a 7.4% year-over-year rise in first-half profit attributable owners to HK$24.94 billion from HK$23.33. Revenue in the first half rose to HK$93.38 billion from HK$88.60 billion in the year-ago period, while operating profit increased year over year to HK$36.61 billion.
* Mori Building Co. Ltd. earmarked ¥580 billion for its planned development of a 20-acre integrated complex in Tokyo, Bloomberg News reported. The project, which is similar to New York's Rockefeller Center in terms of size, will include 213,900 square meters of office space, 1,400 residential units, a hotel, an international school and the biggest food court in the Japanese capital.
Hong Kong and China
* Sunac China Holdings Ltd.'s profit attributable to owners in the first half grew 61.7% year over year to 10.29 billion yuan from 6.36 billion yuan. The property company's revenue from contracts with customers for the period climbed 64.9% to 76.84 billion yuan, while gross profit rose 67.9% to 19.35 billion yuan.
* Wheelock Properties Ltd. and MTR Corp. Ltd. commenced the sale of 130 apartments at their Marini joint development within Lohas Park in Tseung Kwan O, Hong Kong, The Standard reported. The residential units are priced between HK$5.2 million and HK$12.1 million, after factoring discounts.
* CCCG Real Estate Corp. Ltd. is forming a joint venture with CCCG Real Estate Group Co. Ltd. and two other companies for the development of properties in Jinan, China, according to a filing. The new venture will have a registered capital of 100 million yuan.
* Retail property transactions in Hong Kong have slumped since political unrest started in the city, with no transaction recorded in the city's Causeway Bay area since July, Ming Pao reported. Leasing deals for retail properties also fell by roughly 50% to 43 in four main shopping areas, with tenants also paying lower rents.
Southeast Asia
* A joint venture between Far East Consortium International Ltd.'s Dorsett Hospitality International Ltd. subsidiary and Malaysia Land Properties Sdn. Bhd. plans to launch on Sept. 6 the Dorsett Waterfront Subang project in Malaysia. The project with a gross development value surpassing 1 billion ringgit features 1,989 fully serviced suites, the Hong Kong-listed developer noted in a filing.
* CapitaLand Ltd. unit CapitaLand Treasury Ltd. plans to issue S$800.0 million of 3.15% fixed-rate notes due 2029. Then net proceeds from the issuance will be used to refinance existing borrowings, finance investments and for general corporate purposes.
Japan
* Hoshino Resorts REIT Inc. is seeking to register a ¥50 billion shelf of investment corporation bonds with the Kanto Local Finance Bureau. Funds raised through offerings made under the two-year term debt program will be used for the acquisition of assets, repayment of loans, redemption of investment corporation bonds and working capital expenditures, among other purposes.
* Nomura Real Estate Master Fund Inc. determined the interest rates for various loans totaling ¥14.40 billion that it intends to borrow on Aug. 26. The targeted unsecured and unguaranteed loans will be provided by lenders including Resona Bank Ltd., MUFG Bank Ltd. and Sumitomo Mitsui Banking Corp., according to a news release.
* Daiwa House Industry Co. Ltd. will open a 139-room hotel bearing the Daiwa Roynet Hotels brand in Fukuoka on Aug. 23, The Mainichi Shimbun reported. The impending launch is part of the company's plan to expand the hotel chain brand, with two more properties earmarked for future opening.
* The municipal government of Nagoya is planning to relax floor area ratio rules for the construction of luxury hotels as early as 2020 to boost high-end hotel development in the city, Tokyo's The Nikkei reported.
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.
Ian Cruz, Emily Lai and Jaekwon Lim contributed to this report.
