* SoftBank Group Corp. appointed Goldman Sachs Group Inc. to help arrange a US$1.75 billion credit line for WeWork Cos. Inc. before the end of 2019. The Japanese conglomerate's loan facility for The We Co. subsidiary aims to make the coworking space operator more attractive to other lenders, people with knowledge of the matter told Bloomberg News.
* Dalian Wanda Group Co. Ltd. and Guangzhou R&F Properties Co. Ltd. are investing 11.5 billion yuan for an innovation center and shopping mall development in the Jiangxia district of Wuhan, China, Guandian reported. The 266,666-square-meter innovation center will require 10 billion yuan of investment and will include five-star hotels, a technology center and high-end talent housing, while the shopping mall will have an area of 40,000 square meters.
* Poly Property Development Co. Ltd. expects to raise about HK$4.29 billion via its IPO of 133,333,400 H shares on the Hong Kong stock exchange. Poly Developments and Holdings Group Co. Ltd.'s property management business is expected to make its debut on the bourse on Dec. 19 following the offering.
* Meanwhile, Times China Holdings Ltd.'s Times Neighborhood Holdings Ltd. is expecting a market capitalization of between HK$3.84 billion and HK$5.27 billion upon the completion of its recently launched IPO of 161,820,000 shares on the Hong Kong stock exchange. Shares of the property management spin-off are expected to commence trading on the bourse Dec. 19 under the stock code 9928.
* Yuanta Life Insurance Co. Ltd. placed the winning bid of NT$5.33 billion for the right to develop a 4,793-square-meter land parcel in Taipei, Taipei Times reported, citing the National Property Bureau. The Yuanta Financial Holdings Co. Ltd. subsidiary submitted the only offer for the property, according to the bureau.
* China Resources Land Ltd. filed an application with the Hong Kong stock exchange for a planned issuance of US$1.05 billion of subordinated perpetual capital securities under its US$3.90 billion medium-term note program. Listing of the securities on the bourse is expected to take effect Dec. 10.
* Sino-Ocean Group Holding Ltd.'s contracted sales in November grew 14% year over year to about 12.0 billion yuan, reflecting a contracted gross floor sales area of approximately 573,300 square meters and a contracted average selling price of about 20,900 yuan per square meter.
* Citibank's residential property ownership survey of 500 homebuyers in Hong Kong for the fourth quarter found that 46% of the respondents expected home prices to fall in the next 12 months, down 10 percentage points from the previous quarter, The (Hong Kong) Standard reported. Despite the sentiment, 60% of the respondents still believe that it is not a good time to buy a home.
* SM Prime Holdings Inc. clarified in a filing that the 360-hectare reclamation project that was recently green-lit by the City of Pasay in the Philippines will cost about 90 billion pesos. The Filipino developer also noted that it cannot comment yet on a separate 300-hectare reclamation development in the Parañaque portion of the Manila Bay as it is still awaiting final approval for the project.
* Robinsons Land Corp. and DoubleDragon Properties Corp. are teaming up for the development of a 10,032.10-square-meter project along E. Rodriguez Jr. Avenue in Libis, Quezon City, Philippines, subject to the Philippine Competition Commission's approval. Robinsons Land will contribute 644.0 million pesos to the joint venture that will form part of the Bridgetowne mixed-use complex.
* Hoi Hup Realty Pte. Ltd. obtained a S$332.5 million green club loan to help finance its S$475 million deal to purchase the luxury hotel component of the Duo mixed-use development in Singapore's Bugis area from Khazanah Nasional Bhd.'s M+S Pte. Ltd. joint venture with Temasek Holdings (Pte.) Ltd., The Business Times reported.
* Centuria Metropolitan REIT is buying the NewActon Nishi Building office property in Canberra for A$256 million. The 99.5%-leased building has a net lettable area of 27,411 square meters, according to a news release.
* Woolworths is redeveloping 10 Caltex Australia Ltd. service stations across Sydney into suburban shopping centers, The Australian Financial Review reported. The supermarket company acquired the properties from the transport fuel supplier, which sold the assets as part of a 25-property portfolio that was marketed for A$136 million.
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Ian Cruz, Emily Lai and Arra Czarina Igno contributed to this report.