Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

Thematic (Sector/Industry)

<ul>
<li>PDG's acquisition of 210MW data center capacity in India marks a significant milestone in APAC real estate.</li>
<li>Lendlease REIT in Singapore struggled to raise $153 million for a mall purchase, achieving only 62% of its goal.</li>
<li>Kerry Properties in Hong Kong saw a 16% profit increase to $120 million, aided by lower valuation losses.</li>
</ul>


PDG's acquisition of 210MW data center capacity in India marks a significant milestone in APAC real estate.
Lendlease REIT in Singapore struggled to raise $153 million for a mall purchase, achieving only 62% of its goal.
Kerry Properties in Hong Kong saw a 16% profit increase to $120 million, aided by lower valuation losses.


Asia Real Estate Tracker (24-Mar-2026): PDG buys 210MW India data center capacity and more.

External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

<ul><li>Despite lagging construction activity, property sales started to pick up post-CNY, again correctly predicted by our leading indicator GAIN.</li><li>In particular, new home sales in 30 cities narrowed YoY decline to -21% post-CNY vs. -25% pre-CNY (vs. the similar period in 2022).</li><li>Existing home market is seeing much stronger momentum with sales in 9 major cities +38% YoY post-CNY vs. +15% YoY preCNY.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Despite lagging construction activity, property sales started to pick up post-CNY, again correctly predicted by our leading indicator GAIN.In particular, new home sales in 30 cities narrowed YoY decline to -21% post-CNY vs. -25% pre-CNY (vs. the similar period in 2022).Existing home market is seeing much stronger momentum with sales in 9 major cities +38% YoY post-CNY vs. +15% YoY preCNY.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China Property Sector – Property+ Weekly: Hopes Are Returning Post-CNY

<ul><li>Property names are likely to trade high at market open today again on MOHURD’s relaxation of pre-sales escrow account supervision.</li><li>However, we suggest investors to make use of it to take profits on POE names as 1) the recent POE rally (&gt;100% in 3 days) has largely priced in the policy support.</li><li>If we recalled Oct 2021 and Mar 2022 when Vice Premier Liu /PBOC/CBIRC/MOHURD also came out with strong support, the actual implementation was not so straightforward which led to sector de-rating again.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Property names are likely to trade high at market open today again on MOHURD’s relaxation of pre-sales escrow account supervision.However, we suggest investors to make use of it to take profits on POE names as 1) the recent POE rally (&gt;100% in 3 days) has largely priced in the policy support.If we recalled Oct 2021 and Mar 2022 when Vice Premier Liu /PBOC/CBIRC/MOHURD also came out with strong support, the actual implementation was not so straightforward which led to sector de-rating again.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China Property Sector – One day one policy: profit taking may start on POE names

Equity Bottom-Up

<ul><li>FUTLANs and FTLNHDs rebounded 6-9pts this week but still 16-20pts lower than the levels before the collateral damage resulting from COGARD.</li><li>Seazen (Seazen Group, 1030 HK and Seazen Holdings, 601155 CH) has much more manageable offshore maturities than their peers like COGARD.</li><li>To illustrate, the total o/s USD bonds of the Seazen complex is USD1.8bn, compared with USD10.8bn of CORARD (including 2 HKD CBs), and is even smaller than that of smaller developers such as Road King which has o/s USD bonds of USD1.9bn and 3 perps of USD900mn, as well as Shui On Land which has o/s USD bonds of USD1.9bn. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FUTLANs and FTLNHDs rebounded 6-9pts this week but still 16-20pts lower than the levels before the collateral damage resulting from COGARD.Seazen (Seazen Group, 1030 HK and Seazen Holdings, 601155 CH) has much more manageable offshore maturities than their peers like COGARD.To illustrate, the total o/s USD bonds of the Seazen complex is USD1.8bn, compared with USD10.8bn of CORARD (including 2 HKD CBs), and is even smaller than that of smaller developers such as Road King which has o/s USD bonds of USD1.9bn and 3 perps of USD900mn, as well as Shui On Land which has o/s USD bonds of USD1.9bn. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China

Seazen Group Limited is a comprehensive real estate enterprise primarily engaged in the investment, development, management, and sale of properties across China. The company develops residential properties and mixed-use complexes, including its 'Wuyue Plaza' brand, and provides commercial property management and other related services. It was founded in 1993 and is headquartered in Shanghai, China.

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Seazen (1030 HK)

Asia Real Estate Tracker (24-Mar-2026): PDG buys 210MW India data center capacity and more.

PDG acquired 210MW of data center capacity in India, while Lendlease REIT's mall funding fell short, Kerry Properties saw profits rise, and Hulic...

Asia Real Estate Tracker

China Property Sector – Property+ Weekly: Hopes Are Returning Post-CNY

Despite lagging construction activity, property sales started to pick up post-CNY, again correctly predicted by our leading indicator GAIN.

CMB International

China Property Sector – One day one policy: profit taking may start on POE names

Property names are likely to trade high at market open today again on MOHURD’s relaxation of pre-sales escrow account supervision. However, we...

CMB International

Seazen - Too Much Downside Priced In

FUTLANs and FTLNHDs rebounded 6-9pts this week but still 16-20pts lower than the levels before the collateral damage resulting from COGARD.

CMB International

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