Commercial Property

Analysts expect it to enter the last phase of its down-cycle.

This is despite a 44.3% YoY increase in revenues during the period.

Investors are now facing challenges in sourcing funds despite growth in capital seen in the past year.

Its underlying profit dropped to $490m.

This is much higher than $2.85b in the same period in 2020.

This is coming from a 135% gap in 2015 and a peak of 173% in 2017.

This is up from RMB159.2m (US$24.5m) in the first half of 2020.

Its contracted sales reached $8.19b, which is 61% of its sales target for the year. 

This is higher compared to RMB81.9m (US$12.61b) in the same period last year.

This is up from $1.02b in the same period last year.

Real estate investment volume climbed 79% in the second quarter.

The Group recorded a $2.62b loss in the same period last year.

Investment volume in APAC commercial properties reach US$83.5b in the same period.

This is up from $6.36b in the same period last year.

ESR Cayman Limited is set to acquire ARA Asset Management for US$5.2b.

This was mainly due to the increase in corporate tax in the UK.