* Ayala Land Inc.'s net income for the first half increased 12% year over year to 15.2 billion Philippine pesos. The Filipino developer's total revenues for the period grew 4% to 83.2 billion pesos, while its sales reservations amounted to 72.3 billion pesos.
* Blackstone Group Inc. is looking to acquire Indiabulls Real Estate Ltd.'s portfolio of commercial properties in India as part of a 48.00 billion-rupee agreement. An unnamed source told The Economic Times of India that the transaction, which will pave the way for the planned exit of Indiabulls' parent from the real estate market, is expected to be completed "over the next few weeks."
Hong Kong and China
* Sun Hung Kai Properties Ltd. pocketed nearly HK$11.8 million from the sale of a 286-square-foot unit at its Victoria Harbour residential development in the North Point area of Hong Kong, Oriental Daily reported. The transaction, reflecting a per-square-foot price of HK$41,110, is expected to set a new record in the area.
* China Evergrande Group's contracted sales in July declined year over year to approximately 40.45 billion yuan from 40.66 billion yuan, while the respective contracted sales of Sunac China Holdings Ltd. and Beijing Capital Land Ltd. for the first seven months of 2019 grew 13% year over year to about 255.31 billion yuan and 18.8% to about 44.58 billion yuan.
* Joy City Property Ltd.'s Chengdu Pengyue Enterprise Management Consulting Co. Ltd. subsidiary agreed to lend about 1.20 billion yuan to its 30%-owned joint venture at a 10% annual interest rate. The amount will be used to finance the development of an urban shantytown in Kunming, China, according to a filing.
* Home viewings in Hong Kong fell 30% amid citywide public protests during the summer vacation, The (Hong Kong) Standard reported, citing Centaline Property Agency Ltd. Amid the protests against the proposed extradition bill in the city, Centaline and fellow property agencies Midland Realty and Hong Kong Property Services (Agency) Ltd. said that their branches are still operating as usual.
* An unnamed German fund acting through Arch Capital Management is on track to purchase the Anson House office building under a yet-to-be-signed S$210 million deal with a Savills Investment Management Inc.-managed fund, Mingtiandi reported, citing unnamed market sources. The 13-story property, which occupies a 99-year leasehold commercial site spanning 17,035 square feet, has an expanded net lettable area of about 87,000 square feet.
* Alpha Data Centre Fund bought the Gore Hill Technology Park freehold site in Sydney's lower north shore from Lindsay Bennelong, IPE Real Assets reported. The property, which changed hands for more than A$30 million, carries an approval for a four-level data center facility with an expected end value of more than A$100 million.
* Some of Tokyo's most well-known hotels have stopped accepting reservations for next summer's Olympic Games as a 14,000-room shortfall looms in the city due to the impending arrival of about 10 million visitors, The Nikkei Asian Review reported. The Hotel Okura Tokyo, which will reopen after undergoing a ¥100 billion refurbishment, is among the properties that have already closed reservations to the general public.
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