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Real Estate News & Analysis: May Edition


Yanlord splashes 3.69B yuan in China; SC Capital plots US$1B Asian expansion

* Singapore-listed 's unitacquired two development sites in Suzhou, China, for 3.69 billion Chinese yuan.Nanjing Renyuan Investment Co. Ltd. purchased the properties via two publicland auctions.

Theproperties are the WG-46 site with approximately 53,863 square meters of grossfloor area and the WG-63 site with around 52,369 square meters of gross floorarea, according to a statement.

* Private equity real estatefirm SC Capital Partners plans to expand its investments in Asia by aiming toraise around US$1 billion, Bloomberg News reported.The Singapore-based company seeks to take advantage of new capital inflows frominstitutional investors in early 2017 to find property investment opportunitiesacross the continent, according to SC Capital Chairman Suchad Chiaranussati.

HONG KONG, CHINA AND TAIWAN

* conditionally agreed to issue 453,074,433 shares to its controllingshareholder, Sunac International Investment Holdings Ltd., at a price ofHK$6.18 apiece, or a gross HK$2.80 billion.

SunacChina Chairman Sun Hongbin owns Sunac International. The subscription sharesrepresent approximately 13.31% of the company's existing total issued shares,as of Sept. 26.

* 's Shui OnDevelopment (Holding) Ltd. plans to issue bonds to institutional investors inAsia and Europe, subject to market conditions and investors' interest.

Thecompany intends to use the net proceeds from the issuance to repay existingdebt with near-term maturities and for capital expenses.

* saidthat its subsidiary,CIFI Group Co. Ltd., completed the second-tranche issuance of nonpublic bondsin China worth 4.00 billion yuan Sept. 26.

* Shenzhen authoritiesnullified the sale of several apartments measuring six square meters at the15-storey Qiaocheng Shangyu building due to violations of existing laws, the South China Morning Post reported.The apartments were sold out within 12 hours Sept. 24 and are believed to bethe smallest apartments in China.

China Securities Journal also reported onthe ban.

* Hangzhou announced measuresto cap land auction prices, as the local housing market has continued to gathermomentum in recent months, ChinaSecurities Journal reported.

* An Evertrust Rehouse Co.survey revealed that approximately 66% of Taiwanese citizens anticipate adecline in home prices in the fourth quarter, Taipei Times reported.

AUSTRALIA

* Chinese company GreenlandAustralia seeks to reap A$100 million from the sale of 6,200 square meters ofretail space in a single transaction at its nbh at Lachlan's Line mixed-useproject in Sydney, The AustralianFinancial Review reported.The A$800 million scheme is part of the UrbanGrowth NSW Lachlan's Line precinct.

* The Victorian governmentapproved Singaporean company Fragrance Group's plan to build an up to170-meter-tall apartment building at 555 Collins St. in Melbourne, The Australian reported.

* Angie Zigomanis, BIS Shrapnelsenior housing market analyst, expects off-the-plan apartment sales inMelbourne to decline further, amid decreasing approvals for high-risebuildings, the AFR reported.

JAPAN

* priced itsapproximately ¥14.30 billion public offering of new investment units at¥170,625 per unit. The subscription period for the offering is between Sept. 27and Sept. 28.

* agreed to lease about130,000 square meters of logistics space to Nitori Co. Ltd. at the PrologisPark Ibaraki in Osaka, Jutaku-Shimpo-Shareported. The facilitywill open before September ends, according to the report.

SOUTHEAST ASIA

* issued94,353,672 new units at 63 Singaporean cents apiece Sept. 26, pursuant to itsS$59.4 million preferentialoffering. The new units will be listed and quoted on the Singaporebourse Sept. 27 at 9 a.m., local time.

* In Malaysia, plans to offer more potential opportunities to its members by deployingadditional real estate projects, NewStraits Times reported.It unveiled the second stage of its Taman LTAT affordable housing project inBukit Jalil on Sept. 23.

INDIA

* Private equity investmentsin real estate in 2016 are expected to be at their highest level since 2008, The Economic Times of India reported,citing a Cushman & Wakefield report. An estimated 436.00 billion Indianrupees of capital inflow from private equity deals are anticipated for thisyear based on the pace of current investments.

OTHER REAL ESTATE NEWS

* Hong Kong-basedTai United Holdings made its first investment in London with the £112 millionpurchase of the 6-9 Buckingham Gate residential building, which sits next toBuckingham Palace, Property Week reported.A joint venture between Brockton Capital, Mountgrange and The RothschildFoundation sold the property.

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, John Chan andJulie Zhu contributed to this report.