S-REITs and the regional REIT market, real estate funds, institutional mandates and cross-border transactions.
Country View Bhd posted a 3.4% rise in net profit to RM15.58 million for the third quarter ended Aug 31, 2026, despite a 3.1% drop in revenue to RM76.56 million. The property developer declared a second interim single-tier dividend of eight sen per share, payable Dec 7.
A food writer argues that the growing presence of steak, donburi and other foreign dishes in Singapore's hawker centres is not a threat to local food culture. The real challenge is whether traditional hawkers can afford to keep selling familiar staples amid rising costs and entrenched price expectat
Zecon Bhd is seeking shareholders' approval for a 30-year sublease of 302 acres in Kuching, Sarawak, for a proposed 100MWac solar farm, with total rent of RM54.36 million. The sublease, from a subsidiary to a majority-owned unit, will be voted on at an extraordinary general meeting on 19 November.
Axis REIT's net property income fell 2.8% year-on-year to RM77.99 million in the third quarter ended Sept 30, 2026. The REIT declared a third interim distribution of 2.35 sen per unit, down from 2.65 sen a year earlier.
Top alternative asset managers including Blue Owl, Ares Management and Blackstone are investing in AI data centres, locking in 15- to 20-year leases with investment-grade tenants such as Microsoft and Amazon. Executives stress they are taking tenant credit risk, not betting on AI itself, as a US$5 t
Unitholders in Grande Royal Orchid Hospitality REIT have voted 97.66 per cent in favour of selling Bangkok’s Royal Orchid Sheraton Hotel and Towers to Orchid Hospitality, controlled by SC Capital founder Suchad Chiaranussati, for THB 5.3 billion ($157 million). The deal, at THB 7.3 million per key,
Orange Cyberdefense, the digital security arm of French telecom Orange, has partnered with Mistral AI to use a cybersecurity variant of the startup's latest AI model. The deal gives the European cybersecurity provider access to a European-built AI model as the industry faces rising AI-driven cyberat
CapitaLand Integrated Commercial Trust posted a 13.8 per cent year-on-year rise in net property income to S$334.9 million for the third quarter, driven by the first full quarter of contributions from the Paragon mall and medical complex. The gains were partly offset by the disposal of Asia Square To
Macquarie Asset Management has agreed to buy a controlling 69.35 per cent of South Korean cloud and data centre firm Gabia and 7.97 per cent of its listed subsidiary KINX at raised prices of KRW 53,000 and KRW 190,000 per share respectively. The deal, worth about KRW 567.2 billion (S$424 million), b
Singapore's Keppel reported a 20% year-on-year increase in third-quarter net profit, driven by stronger earnings from its connectivity and infrastructure units. The firm has also announced over S$2.4 billion in non-core property sales this year, while exploring up to $1 billion in Vietnam real estat
Singapore will apply the same financing restrictions that already govern ordinary private car purchases to individually owned private-hire cars from Friday, 30 Oct 2026. The move closes a loophole that may have allowed some buyers to access more permissive loan terms by registering vehicles as priva
Asia United Bank Corp. (AUB) reported a net income of P9.4 billion for the first nine months of 2026, up just 0.3 per cent year on year. Net interest income rose 14.5 per cent to P15.5 billion, while gross loans expanded 13.8 per cent to P292.3 billion.
Malaysia's largest pharmacy chain, Big Caring Group, has launched its IPO on Bursa Malaysia, valuing the company at RM8 billion (S$2.4 billion). The offering includes up to 1.9 billion shares at RM1.08 each, with proceeds primarily used to repay bank borrowings.
Parkland Bhd has secured Securities Commission Malaysia approval for its proposed Main Market listing. The Melaka-based developer's RM5.05 billion development pipeline is concentrated in Johor, which accounts for 75.5% of the estimated GDV. The IPO comprises 621.54 million shares, with proceeds earm
Japan's Ministry of Economy, Trade and Industry (METI) has signed a memorandum of understanding with Siemens Energy to collaborate on floating offshore wind power and related industry development. Siemens Energy will establish its first strategic operations and maintenance hub in Asia, in Japan's Ho
Vietnam has approved a plan requiring the state to hold at least 65% in BIDV, Vietcombank and VietinBank by 2030, and to maintain full ownership of Agribank. The restructuring programme also covers state control of strategic groups such as EVN, PetroVietnam and Vietnam Airlines.
Australia's corporate regulator is investigating the failed A$5 billion initial public offering of AI data centre operator Firmus. The Australian Securities and Investments Commission has engaged with the banks that led the share sale, which collapsed on 9 Oct after failing to secure enough investor
Atrium Real Estate Investment Trust posted a 16.1 per cent increase in net income to RM7.87 mil for the third quarter ended Sept 30, 2026, from a year earlier. The REIT declared a third interim income distribution of 2.7 sen per unit, up from 2.4 sen, payable on Nov 27.
IOI Properties Group has registered the prospectus for IOIPG Malaysia REIT with the Securities Commission. The REIT will offer 550.61 million units to entitled shareholders on a one-for-10 basis, with a tentative listing date of Nov 25.
Oriental Interest Bhd (OIB) and vendor LLSB 1980 Holdings have mutually terminated the RM280 million deal to buy two motorcycle financing and retail firms. The developer will instead concentrate on its core property and construction segments, supported by RM635.2 million in unbilled sales and a 2,01
Warburg Pincus has lifted its takeover offer for Ingenia Communities Group to A$5.50 per stapled security, topping the rival bid from a consortium led by Brookfield and Avid Property Group. The revised bid values Ingenia’s equity at A$2.24 billion and extends a bidding war for the A$3 billion portfo
Australian property group Dexus is scaling back its infrastructure business three years after acquiring AMP Capital's platform, with several funds set to sell assets and return capital. The review covers A$7.3 billion of third-party funds and follows a court dispute over a stake in Melbourne Airport
CreditSights has maintained its buy recommendation on Vista Land & Lifescapes, expecting the developer to secure enough refinancing to cover debt maturities through end-2027 despite "extremely tight" liquidity and deteriorating operating cash flow. The firm noted net leverage rose to 8.9 times in 20
Meta has launched its personal AI agent Muse in Singapore, allowing users to manage emails, plan travel and shop through connected apps. The service is free for most uses and has early partnerships with brands including Agoda, Grab, Lazada, Shopee and Singapore Airlines.
The 2026 Hurun China Rich List shows no mainland property developer in the top 100 for the first time. ByteDance founder Zhang Yiming reclaimed the top spot with a net worth of almost US$100 billion, while AI and tech fortunes dominated the rankings.
SD Guthrie Bhd sees opportunities to attract more data centre investment as heightened risks in the Middle East could strengthen Malaysia’s appeal, but additional power generation would be needed to support further expansion, its president and group CEO said.
Tower Real Estate Investment Trust posted a 16.3% increase in net profit to RM3.21 million for the first quarter ended Sept 30, 2026. Revenue rose 1.9% to RM10.59 million, while property operating expenses fell 10.5% to RM4.34 million.
Paragon Globe Bhd has secured shareholder approval to sell approximately 65 acres of freehold land in Tanjung Kupang, Johor, to DayOne Data Centers Malaysia I Sdn Bhd for RM398.11 million cash. The transaction, approved at an extraordinary general meeting, is expected to generate a net gain of RM187
YNH Property Bhd said the Inland Revenue Board will withdraw a winding-up petition against its subsidiary YNH Construction Sdn Bhd after a tax settlement. The developer continues asset-monetisation efforts including a proposed RM455m disposal of freehold land along Jalan Sultan Ismail.
The Court of Appeal has dismissed Datuk Seri Stanley Thai's bid to intervene in winding-up proceedings against property holding company Sunimax Development Sdn Bhd over a RM37.03 million debt claimed by his wife. The court ruled that Thai's indirect interest through a shareholder company did not giv
The Senate of the Philippines launched Senate TV, its official free-to-air digital channel, on IBC-13 on Tuesday. The channel aims to give Filipinos unfiltered access to Senate proceedings, with a second phase planned for a main newscast and niche programmes.
The Philippine government will not oppose public works projects funded through congressional budget allocations provided the money is properly spent and projects are corruption-free, according to Palace Press Officer Clarissa A. Castro. Her statement came after a watchdog group flagged about P4 bill
Blackstone-backed hyperscale data centre operator AirTrunk has secured an A$4.25 billion ($3 billion) green loan to fund its 400 megawatt SYD3 campus in Western Sydney. The facility, led by Sumitomo Mitsui Banking, HSBC and United Overseas Bank, involves 32 financial institutions and will finance AI
Shares of Chinese robot-maker Unitree Robotics have surged more than 60 per cent in less than two weeks, boosted by a JPMorgan upgrade and founder optimism on AI breakthroughs. The company has urged investors to be cautious, warning the humanoid robot industry is still in early commercialisation wit
HSBC reported a 32 per cent rise in third-quarter pretax profit to US$9.6 billion, driven by interest rate hikes and lower legal provisions. The bank also announced a US$1 billion share buyback and said credit losses fell 17 per cent, partly due to fewer charges from Hong Kong's real estate sector.
CIMB Group Holdings Bhd.’s planned sale of its Philippine business has drawn interest from Bank of the Philippine Islands and Metropolitan Bank & Trust Co. Binding bids are due before end-October, with the unit potentially valued at up to US$200 million.
ICICI Prudential Real Estate Development Fund is investing ₹210 crore in Ten X Realty West, a wholly owned subsidiary of Raymond Realty. The capital will support the redevelopment of a project in the Mumbai Metropolitan Region as part of Raymond Realty's asset-light expansion strategy.
A Knight Frank Malaysia survey, conducted with the Malaysian REIT Managers Association, finds that 83 per cent of M-REIT respondents anticipate environmental, social and governance factors will significantly affect future property valuations. Regulatory requirements, carbon pricing and occupier dema
Berjaya Property Bhd has proposed acquiring Citaglobal Bhd's entire 20% stake in Manjaran Sdn Bhd for RM50 million via new shares. The deal would give Berjaya Property a 49% interest in the developer of the Perlis Maritime Corridor upon completion of a related subscription.
Oriental Holdings Bhd has completed its RM91 million cash acquisition of Bayview Hotel Langkawi via wholly-owned subsidiary Northam Langkawi Sdn Bhd. The deal, which covers the 282-room hotel in Kedah, is part of a larger RM411 million related-party package announced in November 2025.
Brookfield Asset Management and Sydney-based Avid Property Group have made a A$2.2 billion (US$1.6 billion) buyout offer for Ingenia Communities Group, topping a rival bid from Warburg Pincus. The A$5.35 per security offer, which also allows securityholders to keep a half-year distribution, has won
Singapore co-living operator The Assembly Place (TAP) will invest up to S$2.5 million in a living sector fund targeting S$300 million. TAP is proposed to serve as property manager and operator of the fund's assets, expanding its managed portfolio under an asset-light strategy.
A consortium led by Gaw Capital is seeking to refinance a HK$14.4 billion (US$1.8 billion) loan secured by 16 Hong Kong shopping centres, aiming for cheaper borrowing costs on a possible new three-year facility. The existing loan, arranged in 2024 by UOB, ANZ and Standard Chartered, covers assets bo
VinFast Auto Philippines Corp. projects sales will exceed 8,000 units in 2026, driven by demand for battery electric vehicles amid high fuel prices. Sales reached 5,417 units by end-September, making it the top-selling BEV brand in the nine-month period.
The Supreme Court of the Philippines has ruled that the Bureau of Internal Revenue can assess deficiency expanded withholding tax directly against an income earner when its payors fail to withhold, even if the payor relied in good faith on the taxpayer's representations. The dissenting opinion warns
Cirtek Holdings Philippines Corp. will sell its semiconductor assembly and testing unit to Sancode Semi Private Ltd for US$20.2 million. The proceeds will be used to repay debt and fund the company's remaining operating business.
Vista Land & Lifescapes reported a 69.6% drop in attributable net income to P2.33 billion in 2025, as total costs and expenses rose 25.2% to P19.04 billion. Revenue slipped 3.1% to P35.8 billion, while rental income edged up 1% to P16.49 billion.
SpaceX on Monday said it would lease data centre hardware, including AI chips, from an entity managed by Apollo Global Management. The deal totals roughly US$40 billion in principal payments.
SSF Home Group Bhd plans to acquire three leasehold land parcels in Pulau Indah, Selangor, for RM42.47 million to build its own warehouse and distribution facilities. The 13-acre vacant industrial site has a 99-year lease expiring in 2097 and is valued at about RM75 psf.
Olivia Steedman will add oversight of Asia Pacific investing and portfolio management to her role at Ontario Teachers' Pension Plan from 1 January 2027. PGIM promotes Ryuji Katayama to head Japan real estate, while Penny Ransom steps down as Lendlease investment management CEO.
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