S-REITs and the regional REIT market, real estate funds, institutional mandates and cross-border transactions.
Pham Nhat Vuong, chairman of Vingroup, leads Southeast Asia's five wealthiest billionaires with a net worth of US$36.5 billion, according to Forbes. The combined wealth of the top five, including tycoons from the Philippines, Indonesia and Thailand, totals US$110.7 billion.
Philippine fast food giant Jollibee Foods Corp plans to spin off and list its international operations on the Hong Kong Stock Exchange, reversing an earlier plan for a US listing. The group cited its existing presence in Asia and access to global investors as reasons for choosing Hong Kong.
Magma Group Bhd has completed the disposal of its 20% interest in Heritage Lane Sdn Bhd, owner of the Impiana KLCC Hotel in Kuala Lumpur, for an estimated RM63 million. The transaction values the entire hotel owner at RM315 million. Proceeds will be used for debt repayment and reinvestment.
The Income-Tax Department is scrutinising property transactions worth ₹8,500 crore, focusing on unreported, undervalued and benami deals. About ₹2,000 crore of the identified transactions are suspected to involve benami arrangements, with officials cross-referencing PAN data against income tax retur
Malaysia’s English-language education, cost competitiveness and underdeveloped purpose-built student accommodation could attract institutional investors, JLL Malaysia says. However, the firm did not disclose local PBSA provision rates, bed counts or occupancy data, leaving its investment thesis yet
Ares Management has raised ¥612 billion (US$4 billion) for its fifth Japan logistics development fund, the unit's largest closed-end institutional fundraise. The fund, Japan Logistics Development Partners V LP, closed at its hard cap and is nearly 50 per cent larger than its 2021 predecessor.
Analysts say VITRO REIT's delayed listing reflects deal execution and market timing rather than a change in PLDT's commitment. The data centre REIT now targets a 12 Oct listing on the Philippine Stock Exchange, with PLDT aiming to raise up to US$400 million from the offering.
Tishman Speyer has made its first acquisition under its Korea Living Venture (KLV), buying the 411-unit Songdo CoStay in Incheon. The US developer is deploying S$300 million in equity commitments from Dutch pension investors APG and Bouwinvest into South Korea's rental housing sector.
Blackstone is offering up to $1.25 billion in units of India’s Knowledge Realty Trust at a 4.7 per cent discount to Friday’s close. The deal could reduce the US private equity giant’s stake to as low as 21.5 per cent from 46.5 per cent, handing control to partner Sattva Group.
A Russian drone strike on a warehouse in the village of Myla near Kyiv sparked a massive detonation that killed at least 37 people and injured dozens on Friday night. President Volodymyr Zelenskyy vowed accountability, as the incident marks the second such strike-related explosion in the region in t
Vamsiram Builders has secured a 5.38-acre land parcel in Hyderabad's Raidurg (Knowledge City) for ₹1,447 crore at a government auction, achieving ₹269 crore per acre. The price sets a new record for the precinct, surpassing the ₹264 crore per acre paid by MSN Realty just a week earlier.
Honda Motor and Nissan Motor are expected to agree as soon as Monday on developing a shared operating system and onboard computer for new cars as early as 2029. The Nikkei newspaper reported the news on Saturday, though Honda told Reuters no deal had been decided.
Sponsor entities of Knowledge Realty Trust plan to sell up to 111 crore units, or 25.03% of the REIT's unit capital, through an offer for sale on stock exchanges. The move aims to comply with SEBI's minimum public unitholding requirements, with the offer opening for non-retail investors on 31 Aug 20
HKEX will allow short selling of Shein shares and launch weekly and monthly options and derivative warrants from the fast-fashion retailer's trading debut on 1 Sep. The exchange also notified warrant issuers they may list warrants on Shein shares when trading begins.
Avaland Bhd recorded a 41% quarter-on-quarter rise in net profit to RM17.1 million for 2QFY2026, driven by higher construction progress and new project contributions. New sales surged 46% to RM222.4 million, and the group acquired a 1.9-acre freehold site in Taman U-Thant for a luxury residential pr
Yuchecngo-led PetroEnergy Resources Corp. (PERC) will sell a 35% stake in PetroWind Energy, Inc. (PWEI) to Japan's SMFL Mirai Partners for P1.7 billion. The deal comes weeks after PERC completed its acquisition of former partner BCPG's stake in the Nabas wind farm operator. PERC will retain a 25% st
Sumitomo Mitsui Finance and Leasing Co., Ltd. has closed its acquisition of a 30% stake in RCBC Leasing and Finance Corp. after clearing all regulatory approvals. The investment positions RLFC for expansion in sectors such as manufacturing, construction and renewable energy.
Identity verification startup Socure has secured a strategic growth investment that values the company at S$5.2 billion. The firm also acquired agentic operations platform Fravity, though financial terms of the deal were not disclosed.
The Singapore Red Cross has pledged S$50,000 in humanitarian aid for flood-hit Nepal and Tibet, where more than 1,000 people including nine Singaporeans are missing. A public fundraising appeal will run from Aug 28 to Nov 30, with funds channelled through the Red Cross and Red Crescent Movement.
Singapore is set to surpass its 2019 annual peak for real estate transactions, with first-half volumes surging 269 per cent year-on-year to US$10.3 billion. A further S$6 billion of announced deals could push the city-state past the previous S$13.1 billion record, driven by lower interest rates and
Sunway Bhd reported a 16.7% rise in 2QFY2026 net profit to RM318.59 million, driven by higher contributions from property development and investment. The group also posted a RM9.1 billion first-half gain from the revaluation of its healthcare unit upon listing.
IOI Properties Group Bhd reported net profit attributable to shareholders more than doubled to RM2.15 billion for FY2026, as revenue rose 45.1% to a record RM4.44 billion. The stronger full-year performance was driven by contributions from the consolidated South Beach office tower and JW Marriott Si
Tropicana Corp Bhd reported a 157.7% jump in second-quarter revenue to RM850.77 million, driven by three land sales in Johor Bahru and Selangor totalling RM513.8 million. Profit before tax more than doubled to RM21.88 million, but a RM39.41 million income-tax expense pushed the group to a consolidat
Chin Hin Group Bhd posted quarterly revenue of RM1.05 billion in 2QFY2026, up 10.3% year on year, driven by stronger property development and construction contributions. Property development revenue rose 38% to RM254.11 million, while construction revenue grew 26.5% to RM223.34 million.
The yield on the 30-year US Treasury bond hit a near-20-year high above 5.33% on 18 Aug, prompting US intervention. Analysts warn that higher US yields will push up borrowing costs in Asia, making mortgages and loans more expensive for households and businesses.
The Philippine Stock Exchange has ruled that Dominion Holdings' planned merger with two companies holding Sagittarius Mines is a backdoor listing. Trading in DHI shares was suspended from 26 Aug pending compliance with backdoor listing rules.
Scentre Group has received regulatory clearance to sell a 50% stake in Brisbane's Westfield Mt Gravatt to Australian Retirement Trust for A$882.5 million. The deal, which values the mall at A$1.74 billion, is set to close before 30 September and marks the latest in a series of asset joint ventures b
The Philippines Department of Public Works and Highways is proposing a P643.95-billion budget for 2027, up from P529.5 billion this year, to speed up feasibility studies for priority infrastructure. The agency is targeting completion of feasibility work by 2027 for the Sorsogon-Samar link and Leyte-
Sunsuria Bhd's net profit for 3QFY2026 more than doubled to RM19.02 million, driven by RM6.92 million in gains as KL City Gateway Sdn Bhd became a subsidiary. Quarterly revenue edged down 0.6% to RM176.97 million, while the group readies launches at Kwasa Damansara and its 9.66-acre KL transit-orien
MUI Properties Bhd slipped into a net loss of RM25.07 million in the fourth quarter ended June 30, 2026, hit by impairment and fair value losses and lower revenue. For the full financial year, however, net profit surged to RM83.42 million on the back of major land sales to Gamuda and Antmed.
WCT Holdings Bhd posted a 4% year-on-year drop in net profit to RM14.71 million for the second quarter ended June 30, 2026, as revenue fell 33% to RM370.32 million. The decline was driven by lower contributions from its property development and engineering and construction segments.
Berjaya Property Bhd posted a RM1.80 million profit attributable to owners in 4QFY2026, reversing a year-earlier loss, while revenue edged up to RM1.92 billion. The group remained loss-making on a consolidated basis due to non-controlling interests and impairments.
The proposal to join several southern islands into a larger western island offers a rare chance to assess environmental impacts over a 50-year horizon, argues NUS researcher Melissa Low. She calls for early public engagement and strategic environmental assessments before major land-use choices becom
CapitaLand India Trust has shifted S$204 million of Singapore-dollar debt into rupee borrowings in 2026 to reduce foreign exchange exposure as the Indian currency weakens. The move has boosted distribution-per-unit accretion by nearly 5 per cent. About 53 per cent of the trust's S$1.7 billion debt i
IJM Corporation reported a 43.7% rise in first-quarter net profit to RM137.4 million, driven by stronger construction activity. The group declared a 10 sen per share special dividend and said its construction division will perform strongly for the rest of FY2027, backed by a RM14.5 billion order boo
Chinese vacuum cleaner maker Dreame is winding down its electric-vehicle venture, codenamed "Star Project", reducing its workforce from nearly 1,000 to a few dozen staff. The move reverses plans announced just over a year ago to build luxury EVs and expand into showrooms in the Middle East.
OUE Ltd has proposed to privatise its healthcare subsidiary OUE Healthcare at an implied equity value of S$222.2 million, offering S$0.050 per share for the minority stake it does not already own. The offer represents a 28.2 per cent premium to the last traded price and aims to delist the Catalist-l
Horizon Industrial Parks, India’s largest industrial and logistics infrastructure developer, made a muted debut on Dalal Street with shares opening at a 0.4% premium after its INR 26 billion ($271.4 million) IPO. Proceeds will be used to repay borrowings.
Philippine shares closed lower on Tuesday, with the PSEi dropping 0.98%, as the unresolved Middle East conflict and a weakening peso weighed on sentiment. The property sub-index fell 0.26%, while Ayala Land bucked the trend with a 3.95% gain.
Australia’s Federal Court has found eHarmony engaged in misleading or deceptive conduct over its subscription services, including automatic renewals and pricing disclosures. The ACCC brought the case in September 2023, and penalties are yet to be determined.
The US Marine Mineral Administration has proposed auctioning deep sea mining leases for 28m hectares of seabed near the Northern Mariana Islands and Guam. Governors of both US territories have voiced strong opposition, citing insufficient environmental safeguards and risks to marine ecosystems.
The Securities and Exchange Commission is considering raising the P100-million minimum capital requirement for stockbrokers, which has been unchanged since 2001. Chairman Francisco Ed. Lim said the review follows incidents involving brokers with small capital bases and forms part of broader efforts
Premiere Island Power REIT Corp. expects revenue to remain at about 51% of last year's level for as long as lease agreements with S.I. Power Corp. remain suspended. The suspension stems from a dispute over SIPCOR's operating permits, which the Court of Appeals reversed but the Energy Regulatory Comm
Roxas and Company, Inc. has signed a P1.93 billion term loan agreement with China Banking Corp. to refinance existing obligations and fund general corporate purposes. The company's attributable net loss narrowed in the second quarter and first half of 2026.
Sime Darby Property Bhd reported a net profit of RM322.04 million for the second quarter ended June 30, 2026, more than double the RM143.54 million a year earlier, driven by improved performance in property development and investment segments. Revenue rose 9.3% year-on-year to RM1.16 billion, and th
Chinese smartphone maker Xiaomi on Monday launched the Xring O3, its second-generation in-house smartphone processor. TSMC will manufacture the chip using 3-nanometre technology, sources said, with Xiaomi targeting 200,000 to 300,000 units for its upcoming flagship folding phone.
Singapore's core inflation rose to 2 per cent year-on-year in July, up from 1.6 per cent in June, driven by higher electricity and gas, services and food inflation. The Monetary Authority of Singapore and Ministry of Trade and Industry said core and overall inflation are projected to average 1.5 per
Hektar REIT is asking unitholders to approve the RM125 million acquisition of a leasehold interest in part of a freehold site in Setapak, Kuala Lumpur, housing KYS KL East International School. The deal includes existing school buildings and a new seven-storey block to be built, with the purchase pr
Eastern & Oriental Bhd reported a 27.9% year-on-year increase in net profit to RM58.11 million for the first quarter ended June 30, 2026, driven by higher revenue recognition from its property development projects. Revenue surged 53.4% to RM281.47 million, while property sales more than doubled to R
OCBC raised its rating on City Developments Limited (CDL) to 'buy' from 'hold' after the developer's first-half net profit more than tripled. Analysts are also watching for the outcome of CDL's strategic review, expected by end-September.
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