* Ahead of a shareholders' vote on a proposed name change, Cheung Kong Property Holdings Ltd. logged its attributable profit for the first half of 2017 at HK$14.41 billion, up 67% from the HK$8.61 billion in the year-ago period.
For the same reporting period, fellow Li Ka-shing company CK Hutchison Holdings Ltd.'s attributable profit increased by 7% year over year to HK$15.92 billion from HK$14.92 billion.
* Hongkong Land Holdings Ltd. marked the first half of 2017 with a 147% jump in its attributable profit to US$3.13 billion from US$1.26 billion in the year-ago period.
* Mitsui Fudosan Co. Ltd. said an increase in income taxes has contributed to a 1.1% year-over-year decrease in its profit attributable to owners to approximately ¥33.88 billion during the first quarter of fiscal 2018 from ¥34.26 billion.
* CapitaLand Mall Trust agreed to divest for S$90.5 million all of its interest in a company that owns the serviced residence component of the Funan integrated development in Singapore. The nine-story asset is scheduled for a 2019 fourth-quarter completion, according to a release.
According to the buyer, The Ascott Ltd., the serviced residence will be the Singapore flagship of its lyf brand. It added that it will invest S$170.3 million for the project, which will be taken out of its global fund with the Qatar Investment Authority.
* In Malaysia, Sunway Forum Hotel Sdn. Bhd., a subsidiary of Sunway Bhd., agreed to sell its Sunway Clio hotel in Selangor for 340 million ringgit. The 19-story, four-star hotel with 401 rooms will be sold to Sunway Real Estate Investment Trust.
* Fitch is concerned that the Indonesian Ministry of Industry's plan to introduce a ceiling price for industrial land in the country will have an impact on the profitability of property developers such as PT Kawasan Industri Jababeka Tbk. and PT Modernland Realty Tbk.
Australia and New Zealand
* Amazon.com Inc., as part of its preparations for an impending launch of its online retail services in Australia, has chosen a Melbourne industrial site to be the location of its 24,000-square-meter fulfillment center.
* Dexus' 100 Mount Street development in Sydney is reportedly one of the sites being considered by Australia's National Broadband Network to become its new office headquarters. According to The Australian Financial Review, the broadcasting company is to splash as much as A$300 million for leasing over the next 10 years.
The publication noted that Lendlease is competing to secure tenants in the area with other office landlords, including Mirvac Group, Charter Hall Group, Brookfield, Cbus Properties, ISPT and QIC Global Real Estate.
* According to Tim O'Connor, JLL's head of office leasing in Australia, the corporate world's competition for the best talents is also a notable driving factor for the increasing demand for space in central business districts in Sydney and Melbourne. O'Connor added that companies "are putting an increasing emphasis on access to transport and amenities for their people as a means of exposing themselves to a bigger workforce and a deeper talent pool."
* Over in New Zealand, Singaporean firm Roxy-Pacific Holdings Ltd., in a 50/50 joint venture with Chip Eng Seng Corp., acquired for NZ$174.0 million a grade A office building in Auckland. Roxy-Pacific said the 96.37%-leased 205 Queen Street property, which comprises two commercial towers, stands on a roughly 3,764-square-meter site and offers 25,381 square meters of net lettable area.
Hong Kong and China
* China Evergrande Group, which forecasts a 300% year-on-year swell in its profit for the first half of 2017, logged its contracted sales for July at 44.16 billion yuan, representing 4,395,000 square meters of sales area.
* Greentown China Holdings Ltd. and its subsidiaries sold roughly 330,000 square meters of properties in July, raking in approximately 8.8 billion yuan in contracted sales. Year-to-July, the company's contracted sales were estimated at 52.7 billion yuan.
* Singapore-listed Yanlord Land Group Ltd. is set to develop an 84,456-square-meter, 2.01 billion-yuan residential site in Nanjing, China, under a deal that required the company to purchase a 50% stake in Nanjing Yiyan Real Estate Co. Ltd. for 10 million yuan.
* Advance Residence Investment Corp. registered a shelf for ¥100 billion of bonds that it plans to issue between Aug. 11 and Aug. 10, 2019.
* Sumitomo Realty & Development Co. Ltd. selected Nikken Sekkei Ltd. for the planning and design of a 15-level project tentatively called Shiba Daimon 2-chome Project, with work slated to start in October, Kentsu Shinbunsha reported.
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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.
Cam Nones and John Chan contributed to this report.