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China Evergrande to lend US$1.1B; OK for Sun Hung Kai's HK$15B project nears

* China Evergrande Group agreed to provide US$1.10 billion of three-year unsecured loan to its Evergrande Health Industry Group Ltd. subsidiary at annual interest of 8%. The borrowing Hong Kong-listed unit recently entered into a US$930.0 million deal with Kerryman Holdings Ltd. for the acquisition of the entire share capital of Mini Minor Ltd., which owns a 51% stake in global electric vehicle company National Electric Vehicle Sweden AB.

* Sun Hung Kai Properties Ltd. is expected to receive approval for its proposed development on the Shap Sze Heung area of Hong Kong on Jan. 18, The (Hong Kong) Standard reported, citing the special administrative region's Planning Department.

The residential project involved an over HK$15 billion land premium, and it can yield 9,500 units, according to the publication.


* Sunac China Holdings Ltd.'s issuance of US$600 million in 8.375% senior notes due Jan. 15, 2021, is expected to be listed on the Singapore stock exchange Jan. 16. The Chinese developer is expected to use proceeds from the offering to repay its existing debt.

* The respective tenders for the 5,121.4-square-meter hotel site at Club Street and the 11,643.2-square-meter residential land parcel at Kampong Java Road attracted bids of up to about S$562.2 million and nearly $418.4 million at closing, according to data provided by Singapore's Urban Redevelopment Authority.

* Total construction demand in the city-state is expected to amount to between S$27 billion and S$32 billion in 2019, The (Singapore) Business Times reported, citing figures from the Building and Construction Authority.

Hong Kong and China

* China Resources Land Ltd.'s contracted sales in December 2018 decreased on an annual basis by 51.1% to approximately 21.02 billion yuan, reflecting contracted gross floor area of about 1,129,183 square meters.

During the reporting month, the Chinese real estate company also bought 17 land plots spanning about 3,706,929 square meters across China for approximately 14.05 billion yuan.

* China Aoyuan Group Ltd. intends to offer US$500.0 million in 8.5% senior notes due Jan. 23, 2022, at a price equivalent to 100% of the bonds' principal amount.

The company is anticipating net proceeds of US$493 million from the issuance, which will be used for refinancing offshore debt and for general working capital, according to a filing.

* Yuzhou Properties Co. Ltd. will issue US$500 million of 8.625% senior notes due Jan. 23, 2022, to raise an estimated US$493.4 million for debt refinancing initiatives.

* Zhenro Properties Group Ltd. is planning to add US$150.0 million to its earlier issuance of US$250.0 million in 10.5% senior notes due June 28, 2020. Proceeds from the follow-on offering will be used by the Hong Kong-listed developer to refinance its existing debt.

* Beijing is selling two land parcels in the Chaoyang district with respective starting prices of 2.45 billion yuan and 2.39 billion yuan, the South China Morning Post reported. The sites offered within the week ending Jan. 13 are being offered without a cap on selling prices, the paper added.


* IndoSpace earmarked 6.50 billion rupees for the three-year development of three logistic parks in the state of Gujarat, Mint (New Delhi) reported. The first park will be built on a 47-acre site and will encompass 1 million square feet of leasable space.


* Real estate services provider JLL said investment in office buildings in 23 wards in Tokyo in 2018 has increased by 10% from the previous year to ¥1.2 trillion, Kenbiya reported.

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Rollen Catorce and John Chan contributed to this report.