CapitaLand Investment to Raise $320M From Bonds and More Asia Real Estate Headlines

In today’s roundup of regional real estate news headlines, CapitaLand’s asset management arm readies a capital raise this month, Vietnam has removed some restrictions on corporate bond issuers as the country’s real estate industry crumples and a New York Stock Exchange-listed real estate brokerage denies that it is shifting to a franchise model.

CapitaLand Investment Prices S$425M Fixed Rate Notes Due in 2030

CapitaLand Investment’s wholly owned subsidiary CLI Treasury Ltd has priced the offering of S$425 million ($319.6 million) in senior notes due in 2030.

The interest rate of the notes is fixed at 4.2 percent. The notes will be issued under the S$6 billion Euro Medium Term Note Programme established in 2021. Read more>>

Vietnam Eases Bond Measures Imposed Last September

Vietnam has walked back some of the tighter standards it imposed last year for corporate bond issuers, amid concerns that they could cause a liquidity crunch.

Decree 65, passed on 16 September, tightened requirements for the issuance of privately placed bonds after some issuers from the property sector were believed to have used bond proceeds for purposes other than those outlined in their prospectuses. In October, Truong My Lan, the chairwoman of real estate conglomerate Van Thinh Phat Holdings Group, was arrested on suspicion of financial fraud related to bond issues in 2018 and 2019. Read more>>

Beike Denies Nationwide Lianjia Franchise Plan

KE Holdings, China’s biggest real estate agent, denied a rumour of launching a franchise model for its self-operated Lianjjia outlets nationwide despite widening its novel partnership model to improve store managers’ career paths.

KE has no plan to adopt a franchise model for its Lianjia stores in 27 cities, the Beijing-based company, also known as Beike Holdings, told Yicai Global. Rumours on social media claimed that KE, which owns all of its Lianjia outlets, intends to start a franchise model. Read more>>

Signs of Stabilising in China’s Property Market, but Not All Will Benefit

China’s property market has shown signs of stabilising since 2023, and Fitch Ratings expects the moderately positive momentum to persist into the second quarter, benefiting from the continued economic recovery, supportive policy measures and a low base in the prior-year period.

Fitch expects state-owned enterprises and a few non-defaulted private developers to be the main beneficiaries if the positive momentum sustains because of their stronger financial capacity to launch new projects and provide additional properties for sale. Read more>>

Data Centre Boom Spreads Across SE Asia Amid Rising Demand

The state of Johor in Malaysia and the city of Batam in Indonesia are becoming hotspots for data centre operators seeking space as they build up to serve Southeast Asia’s growing digital needs.

Chris Street, JLL’s managing director of data centres for Asia Pacific, said demand has grown as enterprises in the region digitalise and move more of their workloads to the cloud. He has also observed more public cloud operators announcing tie-ups with the public sector to provide more digital services to citizens. Read more>>

Cbus, Brookfield to Develop A$500M Tower in Perth

The top end of Australia’s office market has been bolstered by industry superfund-backed Cbus Property striking a venture to join Canadian giant Brookfield in developing a A$500 million ($334 million) premium tower at Perth’s Elizabeth Quay.

The under-construction tower will join the Brookfield-developed Chevron headquarters next door, with the buildings rounding out the main office projects in the waterfront precinct and also breaking the drought of major commercial deals. Read more>>

Sydney Shows Industrial Strength as Asset Trades Set Benchmarks

Sydney’s industrial market is firing, with personal transport and payment group A2B Australia unloading almost A$100 million ($66.8 million) worth of properties in ­Alexandria and a multi-storey warehouse about to hit the block for more than A$150 million.

In one of the latest plays, A2B sold 9-13 O’Riordan Street in Alexandria for A$78 million, adding to its sale of a Bourke Road property in the suburb for A$19 million in December. Read more>>

Godrej Properties Buys 4 Acre Parcel in Pune for Housing Project

Realty firm Godrej Properties has acquired 4 acres (1.6 hectares) of land for a luxury housing project with an estimated revenue potential of INR 1,000 crore ($122.2 million).

In a regulatory filing, Godrej said it acquired the parcel near Korgaon Park in Pune. Read more>>

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