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In This List

Cheung Kong launches US$3B notes program; regulator steps in on China Vanke shareholder tussle

Commercial Real Estate: 2020 Review

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


Cheung Kong launches US$3B notes program; regulator steps in on China Vanke shareholder tussle

* will serve as the guarantor for CK Property Finance (MTN) Ltd.'s US$3.00billion euro medium-term note program, which is proposed to be listed on theHong Kong bourse.

* China's top securitiesregulator is stepping in on the ongoing tussle between ChinaVanke Co. Ltd. and its major shareholders.

The South China Morning Post reported,citing China Securities Regulatory Commission spokesman Deng Ge, that thecompany, China Resources and BaonengGroup have "intensified the conflict" at the expense ofthe capital market, China Vanke's development and the interests of minorityinvestors — rather than doing any "sincere, effective efforts" toaddress their issues.

* allotted anestimated S$560 million to convert the FunanDigitaLife Mall into an integrated mixed-use development withoffices, retail shops and serviced apartments, The (Singapore) Business Times reported,citing Wilson Tan, CEO of CapitaLand Mall Trust's manager.

AUSTRALIA

* Chinese company Forise Holdingssubmitted a reviseddevelopment application for a A$1.1 billion apartment project in SurfersParadise on the Gold Coast, TheAustralian reported.The Spirit project will rise at 292 meters tall to become the tallest tower onthe Gold Coast.

* Another Chinese group, NuwayWy Pty. Ltd., is in the process of buying a A$500 million-approved residentialdevelopment in Melbourne from Eureka Funds Management and Asset1, The Australian Financial Review reported.The project sits on an 8,500-square-meter site.

* is moving intoits new headquarters, the AFR reported.About 2,000 employees will occupy over 12 floors of the International TowersThree building.

* Cbus Property plans toresume selling units at a A$350 million luxury apartment building in Brisbane'scentral business district, following the Planning and Environment Court'srejection of a proposal to halt sales, the AFRreported.

CbusCEO Adrian Pozzo said that work on the 264-unit project is expected to begin assoon as possible.

HONG KONG AND CHINA

* revised theterms of its 4.39 billion-Chinese yuan dealto acquire eight Chinese companies. Following the exclusion of Jun Hong DaInformation Consultancy (Shenzhen) Co. Ltd. and its property from the sale, thedeal comes out to about 4.23 billion yuan.

* A JLL report showed thatcapital values of high-end homes in Hong Kong dropped by 1.9% in the firsthalf, while capital values of mass-housing properties fell 6.4% in the sameperiod, amid pressure from the Hong Kong Monetary Authority's tightenedloan-to-value ratio on mortgages, the SCMPreported.

* According toCentaline data, 35 of 65 mainland developers that reported their financialresults for the first half of 2016 said that they exceeded their targets forthe period, Xinhua News Agency reported.

JAPAN

* Ichigo Hotel REIT Investment Corp. plans to acquire 10hotels in the country for around ¥27.26 billion, according to a filing.

Thehotels are the Nest Hotel Osaka Shinsaibashi, Comfort Hotel CentralInternational Airport, Smile Hotel Tokyo Asagaya, Nest Hotel Naha, Smile HotelAsakusa, Nest Hotel Matsuyama, Hotel Livemax Nihombashi-Hakozaki, Comfort HotelOkayama, Comfort Hotel Kushiro and Comfort Hotel Suzuka.

* Sales willbegin in autumn for City Terrace Koganei Park, a 922-unit apartment complexunder development by SumitomoRealty & Development Co. Ltd. in Koganei City, Tokyo, Jutaku-Shimpo-Sha reported.

* According toReal Estate Information Network for East Japan, 9,364 existing apartments inthe capital region changed hands during the second quarter, up 4.9% from a yearago, Jutaku-Shimpo-Sha reported. Sales pricesalso increased year over year, extending the streak of quarterly price growthto 15 quarters.

* The vacancy rate for largelogistics facilities in Greater Tokyo reached 8.9% as of June 30, up 0.6percentage point from the end of the first quarter, indicating a glut insupply, the Nikkei Asian Review reported,citing CBRE.

SINGAPORE

* said that itsthree subsidiaries agreed to sell 200,854,743 shares in City e-Solutions Ltd.,representing approximately 52.52% of its entire issued shares, for HK$566.4million to China Tian Yuan Manganese Ltd., subject to certainconditions.

* Fitch Ratings affirmedFar East Hospitality Trust'sBBB- long-term foreign-currency and local-currency issuer default ratings, witha stable outlook. The rating agency concurrently withdrew the ratings for "commercialreasons."

FarEast Hospitality clarified in a release that it continues to be rated by Moody's,which has a Baa2 rating on the company with a stable outlook as of March.

* Fitch affirmed 's BBB long-term foreign-currencyissuer default rating and withdrew the rating at the same time, also due to "commercialreasons." The outlook was stable, at the time of withdrawal.

ELSEWHERE IN SOUTHEAST ASIA

* The Malaysian SecuritiesCommission's proposed amendments to REIT guidelines in the country is positivefor the property sector in general, The(Malaysia) Star reported,citing RAM Ratings. In addition, the reduced overnight policy rate is credit neutral for a majorityof REITs, according to the rating agency.

* The Chamber of Real Estateand Builders' Associations Inc., or CREBA, in the Philippines reiterated itscall for an affordable housing bill for income-earning citizens, even if theyare not members of any state-run pension or provident funds, The Manila Times reported,citing a CREBA statement.

* Philippine banks continuedtheir implementation of stricter lending guidelines for commercial property andhousing loans between April and June, in the midst of lower risk tolerance,among other factors, The Philippine Starreported,citing Dennis Lapid, deputy director at the Bangko Sentral ng Pilipinas'Department of Economic Research.

Now featured on S&PGlobal Market Intelligence

: Four years after the U.S. beganlifting sanctions on Myanmar, the Southeast Asian country is experiencing aboom in hotel development, both from fortune-seeking businessmen andadventure-loving tourists.

:The July 22 edition of the weekly news roundup of the Asian real estate spacealso features cross-border activities and profit alerts.

:Our real estate editors' picks for the best stories of the week ending July 22.

:The 10 most read realestate articles for the week ending July 22.

The Daily Dose Asia-Pacific,Real Estate edition is updated by 6:30 a.m. Hong Kong time. Some external linksmay require a subscription. Articles and links are correct as of publicationtime.

Cam Nones, Jaekwon Lim andSpencer Sheehan contributed to this report.