China's retail sales
↑ 0.85%MoM in Jul.
Hefei govt allows factory bldgs, rsch & education bldgs to be converted into rental housing,
solving problem of mismatch b/w supply & demand of rental housing. (The Paper)
Hangzhou to implement rental regulations
require home rental enterprises to deposit rental income in special
accounts. Will have to deposit 30%/100% risk prevention & control
funds to exit rental houses/newly added
CASS xpcts 65.5% urbanization by 2025
est’s ~80m popn will migrate from rural areas to cities
Hainan tourism strong
Jiemian, resumption of flights @ Sanya airport highest among CN
airports @ 95% of normal in July. Hotel occupancy 94% of normal. July
duty-free retail sales +234% YoY.
Wanda Hotel, buyer extend negotiation time
to 21 Aug from 14 Aug re sale of Vista Twr project, Chicago, for US$270m. Planned construction area 176,000m2, a 93-lvl 5-star hotel w/ 193 rooms + luxury aprts,
the 3rd tallest bldg (350m) in Chicago. Construction to complete this yr-end. (The Paper)
Ronshine (3301HK) acq’d a resi site in Jiading, Shanghai for Rmb4.87b
or Rmb38,763/m2, 35.53% higher than the start price. Other bidders incl Seazen / Road King JV, Poly Devt. (The Paper)
Hopson Dev xpctd to record 1H consolidated profit
(vs 60% disclosed prevly). (Co)
buys hotel in Sai Ying Pun, HK for HK$310m ($40m), 30% disc to asking price in May. (Mingtiandi)
new homes sold on w/e,
2ndary home sales
to 14wk high. (Standard)
Moody's assigns A3 to Hysan's proposed perpetual securities,
outlook remains stable. (Co) Press says 5.3% Area, may price today
devrs put remaining units up for sale this Fri. 5 units in SHKP’s St Moritz, 1 unit from Henderson Land / NWD’s Double Cove Grandview, 1 unit from Sino Land’s Mayfair By The
Sea 8. (HKET)
names new resi project in Castle Peak Bay, Tuen Mun as Villa La Plage; cld start
sales this yr. (HKET)
Wing Tai sells unit at OMA by the Sea in Tuen Mun at 10% lower 8 days later
The unit’s sale was previously cancelled (& deposit forfeited), sold 8 days later in a tender at a price 10% lower.
HKCG reported 31% decline in net profit; DPS kept flat (Company)
Henderson Land’s 41.5%-owned Hong Kong China Gas (3 HK) reported 1H20 net profit of HK$2.67bn,
↓ 31% YoY, interim DPS flat at HK$0.21. Henderson Land will report Thursday (Aug 20).
HK govt to announce 3rd round of anti-pandemic relief measures at end Aug
sell 1,080 Singapore private homes (excl ECs) in July,
A-REIT raises S$100m from maiden green bond.
10yr, 2.65% fixed coupon, issued under S$7b € medium-term securities program. (Biz Times)
flrs at Samsung Hub up for sale w/ S$104.88m indicative price = S$4,000/ft2 based on total strata area
26,220ft2. (Biz Times)
plots at Jalan Lembah Kallang for sale at S$17m guide price. (Biz Times)
Lendlease sold 25% shr of 1 Syd Harbour,
a 72-storey resi twr in Barangaroo it is constructing, to Mitsubishi Estate. To contribute A$100m to FY21 NPAT. (SMH)
>>> not new news
Cromwell says sh/ldrs shld ignore ARA takeover documents
& take no action. ARA will again call an EGM to seek the election of its nominees to the Board. (Co)
Scentre Shoring Up Balance Sheet With Asset Sales:
1H Preview (BBG)
Dexus to co-invest up to A$100m in Co RE Fund.
Dexus launches the Dexus Real Estate Partnership 1, the 1st in series of closed-ended opportunity funds. Jason Howes appointed fund mngr. (BBG)
Abacus Prop FY NI A$84.7m,
FY final DPS A$0.0905. FY revenue A$262.3m, FY FFO A$124.6m. (Co)
Ingenia Full Year Ebit A$71.9m, +17% Y/y
- FY underlying profit A$59.1m, +25% y/y. FY net income A$31.5m, +7.3%
y/y, FY final distribution/shr A$0.044 vs. A$0.058 y/y, No Fy21
Guidance Being Provided
Japan 2Q GDP shrinks at record 27.8%QoQ
amid pandemic. (Mainichi)
Bldg 1H operating rev Y38.6b (↓1.4%HoH),
operating income Y16.8b (↓0.9%),
NI Y15.5b (↓0.2%).
f/c 2H operating rev Y41.7b (↑8%),
operating income Y17.8b (↑6.4%),
NI Y16.6b (↑7%).
Frontier REIC 1H operating rev Y10.6b
(↑0.9%HoH), operating income Y5.8b (↓0.1%),
NI Y5.5b (↑0.7%). f/c 2H operating rev Y10.7b (↑0.7%),
operating income Y5.4b (↓5.8%), NI Y5.2b (↓6.1%).
Mori Hills Revises 2021 Jan earnings
f/c. Operating rev Y9.8b (vs prev Y9.6b), operating income Y6.16b (vs Y6b), NI Y5.56b (vs Y5.4b). (Co)
Realty plans to list 20mft2 commercial assets portfl as REIT nxt couple of yrs. (India Times)
Indonesia govt revises 2020 GDP gwth f/c to -1.1%
Govt to provide $24b pandemic
stimulus funding nxt yr to support economic recovery.
Govt aims for 2021 budget
deficit at 5.5% of GDP, sees gwth ~5%. (Biz Times, Jakarta Post)
Malaysia’s GDP 2Q20↓
17.1%YoY, worst since 4Q98 Asian financial crisis. (Biz Times)
Ayala Land’s AREIT plans 3yr shelf registration of up to Php15b debt.
“This will provide AREIT the ability to leverage for future acqns while preserving cash for div distributions”.
Board also approved cash div
1Q Php0.28/sh, 2Q Php0.31/sh. (Biz World, Bilyonaryo)
# of unemployed individuals 2m-3m people, vs 7m-8m feared, Labour Minister said. (Nation)
* My pa holdings: BAC US, 1 HK, 6 HK, ST SP, TEAM US, GOOGL US, AMZN US