* In the aftermath of the U.K.'s decision to leave the European Union,Jones Lang LaSalle Inc.recommended investors divert their investment focus to the eastern hemisphere, particularlyJapan, Bloomberg News reported.
The countrytopped the real estate consultancy's choices for promising investments in the region,as yields from residential projects offer returns of up to 7% when negative interestrates are factored in, according to Joseph Tsang, JLL managing director of residentialand investment.
* CK Hutchison Holdings Ltd.'s Accipiter Holdings partneredwith Apollo Aviation Group for a joint bid to buy CIT Group Inc.'s commercial aircraftleasing business, Reuters reported,citing unnamed sources familiar with the matter. The CIT unit's aircraft leasingassets are valued between US$3 billion and US$4 billion.
* Mantra Group Ltd. plans to expand its presence in the Asia-Pacificregion by venturing for the first time into Christchurch, New Zealand, and KualaLumpur, The Australian reported.Aside from these markets, the company is in due diligence for 15 hotel propertieswith more than 2,500 rooms in regions such as Bali, Indonesia; Phuket, Thailand;and Singapore.
* Japan Hotel REIT Investment Corp. plans to acquire threeJapanese hotels for an aggregate price of around ¥47.18 billion, according to afiling.The company plans to buy GK APOLLO's Hotel Vista Grande Osaka in Chuo-ku, Osaka-shi,for ¥27.00 billion; GK HN Project's Hilton Nagoya in Nagoya-shi, Aichi, for ¥15.25billion; and Godo Kaisha Tenjin 1's Hotel Ascent Fukuoka in Fukuoka-shi, Fukuoka,for around ¥4.93 billion.
HONG KONG AND CHINA
* Sun Hung Kai Properties Ltd. recorded HK$1.5 billion fromthe sales of 163 units at its King's Hill project in Western Hong Kong, The (Hong Kong) Standard reported.Meanwhile, Paliburg Holdings Ltd.,Regal Hotels International HoldingsLtd. and the Urban Renewal Authority priced the first batch of 50 unitsat their joint residential project in Cheung Sha Wan on July 7, with prices rangingbetween roughly HK$4.1 million and HK$6.7 million per unit.
* Future Land Development Holdings Ltd. saidFuture Land Wanbo Property Co. Ltd. won the bid for the land use rights of the No.GZ012 Land Parcel in Jiangsu, China, for approximately 823.4 million Chinese yuan.The property has approximately 161,918 square meters of total site area.
* Yuexiu Property Co. Ltd. recorded approximately 2.52 billion yuan of contractedsales in June, including contracted sales by joint venture projects, according toa filing.The sales corresponded to approximately 159,200 square meters of gross floor area.
* Several Chinese property developershave lifted their sales targets for 2016, following positive numbers in the firsthalf, the South China Morning Post reported.
* However, a Chinese Academy ofSocial Sciences report showed that real estate prices and investment in China arebound for slower growth, despite a potential record number of home sales in 2016,Bloomberg reported.
* Ahead of its on the Australian Securities exchange,Propertylink is valued at 1.16x to 1.3x net tangible assets, equivalent to A$530.9million to A$593 million, The Australian FinancialReview reported,citing Credit Suisse analysts.
* Brookfield's design for the A$1.7billion office and retail project in Sydney's Wynyard Place drew inspiration fromBryant Park in New York, The Australianreported,citing Brookfield development director Carl Schibrowski.
* Global Logistic Properties Ltd. plans to break ground onthe 71,000-square-meter GLP Kobe Nishi II in Greater Osaka with an estimated developmentcost of ¥10.5 billion, according to a release.
* Mitsui Fudosan Co. Ltd.'s Mitsui Fudosan Residential Co.Ltd. is planning to start work on a new condominium development in Osaka City inlate September, Kentsu Shinbusha reported.
* According to the research releasedby the Ministry of Land, Infrastructure, Transport and Tourism, the number of newhomes in May rose 9.8% year over year to 78,728 units, Jutaku-Shimpo-Sha reported.
* CapitaLand Mall Trust said that CMT MTN Pte. Ltd. issuedS$150.0 million of fixed-rate notes due July 7, 2031, and HK$560.0 million of fixed-ratenotes due July 7, 2026, under the company's S$2.50 billion multicurrency medium-termnote program.
* CIMB raised to "add"from "hold," citing the trust's S$1.78billion deal to buy the office and business park components comprisingthe first phase of the Mapletree Business City, The (Singapore) Business Times reported.
* Hilton Worldwide Holdings Inc. secured a management dealwith the Saigon Cuu Long Corp. for the Hilton Saigon in Ho Chi Minh City, whichwill open in the last quarter of 2019.
: The July 8 editionof Asia-Pacific property news recap also features a GuocoLand subsidiary's S$595.1million winning bid for a residential site in Singapore.
The Daily Dose Asia-Pacific, RealEstate edition is updated by 6:30 a.m. Hong Kong time. Some external links may requirea subscription. Articles and links are correct as of publication time.