Office, retail, industrial and logistics property, hospitality assets and the data centre pipeline.
True Fitness and True Yoga in Singapore are set to close, with their Hong Kong parent company Kontafarma China Holdings citing “fierce” market competition and rising costs in attracting customers. The companies, collectively referred to as the True Singapore Group, operate 10 fitness and yoga outlets in Singapore across three brands – True Fitness, TFX and Yoga Edition – and the centres are expected to cease operations as part of the liquidation process. According to a bourse listing by Kontafarma on 10 Sep 2026, the directors of True Fitness and True Yoga passed resolutions stating that they were unable to continue business due to their liabilities.
Singapore billionaires Raj Kumar and his son Kishin have acquired the Scotts Square retail mall in the Orchard Road area for S$310 million through a share purchase. The freehold mall has a gross floor area of 130,875 sq ft and a net leasable area of nearly 76,660 sq ft.
Microsoft plans to expand its data-centre capacity to roughly 38 gigawatts by 2032, more than triple its current 12GW, according to a Bloomberg News report. Only about 2GW of its existing capacity is dedicated to AI-specific chips, a share expected to rise to about a third of the 2032 target. The co
The sixth International Green Build Conference opened in Kuala Lumpur with a call to treat green-building certification as progress evidence rather than the finish line. Expo City Dubai's executive director urged cities to focus on creating resilience, biodiversity and human connection, not just cut
Young entrepreneurs at RIYI 2026 heard that a side hustle can generate income without creating a sustainable enterprise. Mentors warned that unaccounted personal costs, founder dependency and false demand often mask whether a venture is truly profitable.
Grocery chain Village Grocer will open a standalone outlet at Mah Sing Group's M Legasi freehold township in Semenyih by end-2029. The 19,000 sq ft store with 80 parking bays will serve as anchor tenant for the 500-acre development, which will have over 3,200 residents by then.
Philippine solar developer SunAsia Energy has partnered with Thailand-listed Gunkul Engineering on a floating solar project in Laguna Lake valued at over $1 billion (P62.5 billion). The project aims to reach one gigawatt in installed capacity and become Southeast Asia's largest floating solar instal
SM Offices has signed a lease with Visa that will more than double the digital payments company's office space to 9,000 sqm at Four E-com Center in Pasay. Visa will relocate from Five E-com Center and establish its Philippines Solution Center at the new facility, consolidating administrative, financ
The Singapore Food Agency is studying the feasibility of allowing food past its quality-based date marks to be donated. Parliament passed a motion on Wednesday calling for enhanced food resilience and waste reduction through partnerships across society.
The Washington-led Pax Silica initiative could help the Philippines move up the global technology value chain by supporting semiconductor production, critical mineral processing and emerging technologies, the Department of Foreign Affairs said. Foreign Affairs Secretary Ma. Theresa P. Lazaro said th
Setting a high selling price may lower a developer's chance of securing financing for its projects, according to OCBC Bank Malaysia. The warning was delivered at the Rehda Institute conference on Sept 8-9, where lenders also flagged concerns over breakeven levels above 85 per cent and stretched deve
Penang Development Corporation is inviting proposals for a 15.81-acre commercial site along Jalan Batu Kawan in Seberang Perai Selatan. The 688,527 sq ft parcel carries a reserve price of RM75 psf, implying a minimum value of about RM51.64 million.
EI Power Bhd has agreed to acquire a freehold factory in Glenmarie, Shah Alam, for RM17.2 million to establish a permanent headquarters and warehouse. The acquisition will be funded largely by IPO proceeds, with the property housing a rooftop tenancy generating RM6,000 monthly rental income.
BGO has agreed to sell the GB II office tower in Pangyo Techno Valley to streaming platform SOOP for KRW 131.5 billion ($98.4 million). The deal, due to settle on 30 September, follows July’s sale of neighbouring GB I and completes the fund manager’s exit from a two-building investment made in Decem
Marina Budiman of Indonesia is the wealthiest woman in South-east Asia with a net worth of US$6 billion, followed by Thailand's Somurai Jaruphnit and Vietnam's Pham Thu Huong, each at US$4.4 billion. The ranking comes from Forbes' real-time data and includes heiresses and self-made billionaires from
Vietnam's Petrovietnam and South Korea's KEPCO have agreed to speed up discussions on building the Ninh Thuan 2 nuclear power plant. The talks cover technology, investment and financing options, with about 97.5 per cent of required land already cleared.
Crescendo Corp Bhd has received the balance purchase price and late-payment interest for a RM263.21 million Johor land sale to MSFusion Sdn Bhd, intended for a data centre. The payment was made on 9 Sept 2026, following a default notice issued in August.
Singapore-listed Centurion Corp has agreed to buy a 7,974-bed purpose-built worker accommodation in Pasir Gudang, Johor for RM214.5 million. The deal will be the group's largest such asset in Malaysia and increase its Malaysian bed capacity by 22% to 43,980 beds.
An office unit at MOF Inc Tower in Kuala Lumpur has been rented for RM80,130 per month, reflecting RM7.10 psf. The tenant was attracted by the fully furnished fit-out and the layout, which allowed immediate occupancy.
Thai Obayashi Corporation is developing the O-MESH Ratchadamri project, an 8-billion-baht mixed-use development in Bangkok. The project is scheduled to open in 2029.
The Philippines’ Department of Public Works and Highways and the Japan International Cooperation Agency have signed a technical cooperation agreement to boost capacity for bridge replacement and rehabilitation, as well as road tunnel construction. The agreement also covers urban drainage management
Wholesale price growth of construction materials in Metro Manila accelerated to a 3.6% year-on-year increase in August, the fastest in three years. The Philippine Statistics Authority attributed the rise mainly to higher prices of concrete products.
ASML has begun construction of the BIC North production campus on 35 hectares near Eindhoven Airport, adding capacity for up to 20,000 workers. The expansion comes as the chip-equipment maker races to fulfill orders for EUV lithography tools booked through 2027, driven by surging AI demand.
De La Salle University and GCash have launched a fintech engineering elective for undergraduate students to build a pipeline of locally trained technology talent. The NextGen Tech Builders Program includes classroom instruction, hands-on training and a fintech capstone project.
TRC Synergy Bhd's wholly-owned subsidiary TRC Construction Sdn Bhd has accepted a RM149.98 million subcontract from Gamuda Engineering Sdn Bhd for underground services works at a hyperscale data centre. The contract commenced on 14 Aug 2026 and is scheduled for completion by 25 Nov 2026.
The Waterfront Shoppes, the 1.6 million sq ft retail component of the 4.1 million sq ft The Light City integrated development in Penang, will soft-open on Oct 29, 2026. The mall features around 300 retail spaces across four levels and is developed by IJM Corp Bhd and Perennial Holdings Private Limit
QES Group Bhd's Singapore unit has agreed to acquire two freehold Clean Industrial (B1) units at Space Nova for S$5.47 million (RM17.49 million). The fifth-storey units at 21 New Industrial Road will provide additional office and product-demonstration space to support the company's expansion in Sing
Kwasa Land is looking for an operator for a five-acre hospital plot within the 2,255-acre Kwasa Damansara township in Selangor, which is expected to house 100,000 residents by 2050. The township is planned for 27,335 residential units, including 11,200 affordable homes, as it enters its next develop
Singapore's Ministry of Digital Development and Information (MDDI) has introduced the Digital Infrastructure Bill in parliament, proposing licensing regimes for data centres and major cloud services. Operators of data centres with a critical IT load of at least 3MW must meet energy efficiency requir
NCT Alliance Bhd has started handing over vacant possession for the first phase of its NCT Smart Industrial Park in South Selangor, and launched the 241-unit KM2 component of Phase 2. Phase 1 comprises 280 solar-equipped industrial units with nearly 90% take-up, making NSIP the first development und
Sime Darby Property Bhd has unveiled Prestige Collection 1, its first ready-built semi-detached factories at BBR Business Park in Bandar Bukit Raja, Selangor. The 5,040 sq ft units were launched at the Bandar Bukit Raja Industrial & Commercial Connect 2026 event, where the developer also previewed Q
Industrial land with confirmed power capacity is commanding a growing premium in Thailand as the data centre boom intensifies competition for sites. Savills (Thailand) reports the trend is pushing up prices across key industrial zones.
Industrial demand in the Philippines remained robust in H1 2026, led by semiconductor, FMCG and food firms seeking modern warehouses near ports and expressways. Colliers reports 230 ha of new supply in Southern and Central Luzon, while vacancy improved to 13.1% and modern warehouse rents rose 8% HoH
Bangkok authorities have suspended new data centre licences and ordered existing facilities to comply with environmental and safety rules, as concerns mount over fuel storage, energy use and zoning loopholes in residential and commercial areas of the Thai capital.
Huawei launched the Mate XT2, a new foldable smartphone with a tri-fold design and its own Kirin 9050 Pro chip, on 7 Sept 2026. The launch is part of an intensifying competition in China's premium handset market, with Xiaomi and Apple also unveiling new devices this week.
LBS Bina Group has signed a tenancy agreement with Mydin Mohamed Holdings for a supermarket at KITA @ Cybersouth in Dengkil, Selangor. The MYDIN outlet will occupy about 1.37 acres with a 24,000 sq ft built-up area, becoming the township's first supermarket.
Singapore's five richest billionaires saw their combined net worth fall 7% to US$90.6 billion as the wealthiest man, Eduardo Saverin, lost US$10.1 billion. Kwek Leng Beng and family retained second place with US$16.1 billion, reducing the gap with Saverin to US$16.8 billion from US$28.7 billion last
The Commission on Audit has flagged the Laguna Lake Development Authority for failing to recognise a 4,790-sqm land asset valued at P218.8 million in its books. The audit also found discrepancies in the agency's paid-up capital and lapses in enforcement of aquaculture and pollution penalties.
Senator Erwin T. Tulfo has called for the rapid enactment of the Masterplan for Infrastructure and National Development (MIND) Act to stop public fund wastage on substandard infrastructure projects. He made the push during deliberations on the proposed 2027 national budget, citing recent rain damage
A subsidiary of Tata Consultancy Services, HyperVault, will invest up to 700 billion rupees ($7.41 billion) to build a 1 gigawatt AI data centre campus on 264 acres in Hyderabad, Telangana. The phased development targets AI companies and hyperscalers, and is expected to rank among India's largest AI
China has begun mass production of domestically developed immersion deep-ultraviolet (DUV) lithography machines, which could help it produce more advanced chips than the Kirin 9030 Pro. However, analysts say the technology still lags behind extreme ultraviolet (EUV) lithography, which remains restri
Industrial property prices in Sepang, Selangor, range from RM300,000 to RM18.21 million, with location less decisive than asset-specific factors such as land area, built-up size and tenure, according to Oregeon Property Consultancy data from 2023–2025. The analysis reveals three broad price tiers: l
Shin Yang Group Bhd has agreed to acquire an 8.316ha leasehold industrial property in Kuching, Sarawak, for RM34 million from Forescom Plywood Sdn Bhd. The related-party transaction will support the expansion of the group's door-to-door logistics operations.
Gamuda Bhd’s consortium with MTR Australia has secured an A$880 million (RM2.54 billion) design-and-build contract for the future Parramatta metro station in Sydney. The award also includes development rights for four integrated commercial, retail and residential projects above and adjacent to the s
PNB Holdings Corp. is expanding sustainability measures across its P80.9 billion property portfolio, including a shift to 100% renewable electricity at two major Metro Manila commercial assets via a partnership with First Gen Corp. The company has also introduced energy-efficiency upgrades, water-sa
Commercial real estate trading in Australia rose 13% in Q2 2026, MSCI reports, as Investa CEO Peter Menegazzo is set to appear in a spotlight interview at the Mingtiandi Australia Forum on 15 September. Menegazzo will discuss the firm's recent A$558m North Sydney acquisition and a subsequent A$1.8bn
Microseries platform aTwist launched on Thursday with 10 original series and curated library content, targeting mobile-first viewers. The platform, formerly known as MicroCo, is available in eight markets including the US, UK, India and Australia.
Thai developer Sansiri Plc is buying The Lake Como EDITION for more than €200m. The acquisition, set to close by the end of September, marks the company's entry into the European luxury hospitality market through its private-equity fund Sansiri Capital.
Kerjaya Prospek Group Bhd has secured an RM858 million contract for mechanical, electrical and plumbing fit-out works at a data centre in Iskandar Puteri, Johor. Separately, the group has completed the acquisition of the remaining 40% stake in Tanjung Bungah Development Sdn Bhd, making it a wholly-o
Media Chinese International Ltd has agreed to sell its former media operations office and printing facility in Richmond, British Columbia, for C$6.85 million (RM19.88 million). The freehold property, which has been vacant since February, is expected to generate an unaudited gain of about C$5.26 mill
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