Office, retail, industrial and logistics property, hospitality assets and the data centre pipeline.
IBM India has leased over 2.83 lakh sq ft of office space at Radon tower in Bagmane Solarium City, an IT park in Bengaluru, for 10 years, with the total rental and fit-out outgo estimated at Rs 522 crore over the tenure. The company entered into a lease agreement with Bagmane Group company Akruthi Infra-Build Developers for premises spanning the ground floor and three upper floors of the building. IBM India will pay a monthly base rent of Rs 2.49 crore, at a rate of Rs 88 per sq ft, translating into a total rental outgo of around Rs 343 crore over the lease tenure, according to registration documents accessed through realty data analytics platform Propstack.
Sales of Apple’s first folding phone, the iPhone Duo, began on Friday in Sydney with queues forming outside stores. Pre-orders quickly pushed delivery dates to late January, but early reviews praise the hinge design while noting camera compromises and app compatibility issues.
Singapore has launched a S$143 million initiative to develop industrial decarbonisation technologies. The funding will support industry-led research and five projects scaling up low-carbon technologies for real-world testing.
As AI takes over routine service tasks, researchers from EHL hospitality school argue that skills like empathy, judgment and human connection will become more important. Their study identifies 30 leadership sub-skills, with self-leadership as a baseline and human connection as the differentiator.
A BMI report warns that Johor’s data centres could consume more than 90% of new electricity generation in Peninsular Malaysia by 2031, requiring 30 TWh annually — 18% of total supply. Grid constraints, not generation, are the main bottleneck, with major projects facing potential delays.
Phase 1A of the RM2.2 billion MS Industrial Park @ Kulai has achieved 90% take-up, with Phase 1B now open for sale. The 419.17-acre freehold industrial park is located within Zone E of the Johor–Singapore Special Economic Zone.
BMS Holdings Bhd has terminated its proposed RM23.8 million acquisition of a freehold industrial property in Cheras, Selangor, after its subsidiary and the vendor could not agree on sale and purchase terms. The earnest deposit of RM476,000 has been refunded, and both parties have no further claims a
One Square, a new F&B and lifestyle destination by Bandar Utama City Group, has opened in Bandar Utama, Petaling Jaya. The single-storey hub features dining, wellness and community spaces, with tenants including Village Grocer, The Flow Studio and Yellow Brick Road. More outlets are set to open prog
Indian IT services firm Tech Mahindra has partnered with SpaceXSI to use artificial intelligence for modernising legacy applications and accelerating software development. The collaboration will also deploy chatbot Grok Build for industry-specific solutions in sectors such as technology, telecommuni
Toyota Motor Philippines expects 2026 export sales of $1.06 billion, down from $1.09 billion in 2025, citing global trade uncertainties and weaker demand. The company is calling for stronger government support and has reiterated its readiness to join the RACE programme, a P9-billion fiscal incentive
The Philippines is one of the most mature flexible office markets in Asia-Pacific, alongside India, Singapore and Malaysia, according to property consultancy Cushman & Wakefield. Demand for turnkey workspaces is rising as companies seek ready-to-use space amid economic uncertainty and higher fit-out
Architects Royal Pineda and Jorge Yulo are calling for a more purposeful approach to building design in the Philippines, emphasising climate-responsive architecture and cultural identity over short-term commercial interests. They argue that sustainability begins with fundamental planning decisions,
The 2nd ASEAN Women Economic Summit will be held on 10 Nov 2026 at Okada Manila, Philippines, under the theme “Weaving the ASEAN Future: Women Driving Innovation, Integration, and Inclusion.” The event includes a trade expo, business-matching activities, and the BABAE Awards dinner.
Perak has launched Kerian Industrial City (KIC), a 287-acre development in Dennistown with an estimated gross development value (GDV) of RM700 million. The project is expected to create 12,000 jobs as the state seeks to boost industrial capacity and attract investment.
Printing and packaging group Tien Wah Press Holdings Bhd has completed a 150 billion rupiah (about RM34.1 million) acquisition of five land parcels and buildings in Malang, East Java, through its 51%-owned subsidiary PT Bintang Pesona Jagat. The properties, held under building-use rights titles expi
A shop lot at Arked Esplanad in Bukit Jalil, Kuala Lumpur, has been sold for RM3,838,000. The buyer cited the area's established residential communities, accessibility and strong consumer catchment as key factors, viewing the unit as an investment with stable rental demand and long-term capital appr
ESET has added an AI Security module to its ESET PROTECT Platform, introducing AI Agent Security and AI Behavioral Monitoring features. The company is also investing an additional €40 million in AI in 2026, with Parvinder Walia, President of the APAC Region, highlighting the need for security that e
Nasdaq-listed Hotel101 Global Holdings Corp. will enter Africa through a country-wide development agreement in Egypt, starting with a P6.44-billion hotel in Cairo's western district. The 750-room Hotel101-Cairo West is planned on a 15,984-square-metre site along Ahmed Zewail Road in 6th of October C
Property analysts in the Philippines say developers must incorporate fiber-ready telecommunications infrastructure during the design stage to avoid high vacancies. Without it, buildings risk losing tenants and buyers in a market with nearly 20% office vacancy and over 30,000 unsold condos in Metro M
Princeton Digital Group plans to increase data centre capacity in its established Asian markets by up to 200 per cent, while pursuing large sites in Australia and South Korea. Chairman and CEO Rangu Salgame outlined the strategy at the Mingtiandi APAC Data Centre Forum, saying the company will doubl
Mirvac has agreed to sell a twin-tower office complex and adjoining car park in Brisbane's city centre to Alceon for A$124 million. The deal reflects a fully leased yield of 11 per cent and extends Alceon's bet on secondary-grade offices in a tightening market.
Accenture has leased, expanded and renewed over 584,000 sq ft of office space across Mindspace REIT’s business parks in Airoli, Navi Mumbai. The transactions, with a 10-year tenure and monthly rent of Rs 70 per sq ft, bring the company's total footprint with the REIT in the city to nearly 1 million
Property developer NCT Alliance Bhd has received Preferred Industrial Park (PIP) recognition from Invest Selangor for its NCT Smart Industrial Park (NSIP) in South Selangor. The 910-acre park has a gross development value of RM10.2 billion.
Australian data centre operator NextDC lost nearly half its market value after delaying A$140 million in revenue and shelving all new projects. The stock hit its lowest since January as the company blamed electricity network delays at its Melbourne M3 facility.
The Economy Ministry confirmed in a parliamentary reply that the minimum Bumiputera equity requirement under the Property Acquisition Guidelines remains at 30 per cent. The government rejected a proposed increase to 50 per cent for private companies buying properties over RM20 million from GLCs and
Oriental Kopi Holdings Bhd has completed the RM23 million acquisition of a leasehold factory in Puchong, Selangor, which it had been renting as its head office and warehousing facility. The purchase, funded through internal funds and bank borrowings, was settled on Oct 20 via its indirect wholly own
Sarawak Consolidated Industries Bhd has announced that its RM15.2 million agreement to acquire leasehold properties in Kolombong, Kota Kinabalu, has become unconditional. All conditions precedent have been fulfilled, paving the way for the group's expansion into property development.
The Department of Agriculture has opened P97 million worth of cold storage facilities and a slaughterhouse in Camarines Sur, Bicol Region, to support farmers and food producers. The renewable energy-powered facilities will benefit over 10,762 farmers, fisherfolk, and other food producers across 10 t
The High Court has ordered Franklin Chan Yip Tong to honour a S$600,000 payment to his two brothers who were left out of their mother's will. The money was to come from the S$5 million sale of a semi-detached house at Eng Kong Road bequeathed to Franklin and his brother David.
The Union Insulated Panel Corporation (UIPC) has urged food industry players to adopt insulated and solar-powered facilities to reduce losses and protect food supplies amid the Super El Niño. The company inaugurated a 2.6-hectare plant in Porac, Pampanga on Tuesday, with an annual capacity of one mi
ABB posted record quarterly orders of US$12 billion, up 40 per cent year on year, driven by surging demand for data centre equipment. The Swiss engineering group also announced a US$495 million investment to take a 51 per cent stake in a low-voltage power distribution joint venture with Mitsubishi E
3M has expanded its commercial relationship with Amazon and issued a warrant to an Amazon subsidiary allowing it to buy 3M shares worth over US$521 million. Shares of 3M rose more than 5 per cent in extended trading after the announcement.
Freedom Estates Sdn Bhd, a subsidiary of BRDB, has launched Miranda Hill, a freehold condominium in North Kiara, Kuala Lumpur. The 7.8-acre hilltop project has two towers with 552 homes, with 4.43 acres dedicated to native flora. It targets completion in 2027.
Propel Global Bhd plans to launch Riverpoint, its maiden commercial development in Kuantan, in December 2026, with a gross development value of RM64 million. The project comprises 31 three-storey freehold shoplots along Jalan Tanah Putih, and the group is seeking shareholders' approval to diversify
Executives from CPP Investments, Princeton Digital Group and SC Zeus Data Centers will appear on MTD TV this week for three live sessions on Asia Pacific digital infrastructure. Topics include hyperscale capital needs, PDG's expansion strategy and Southeast Asian opportunities.
TeraNova DC, a data centre platform backed by Singapore-based Hillhouse Investment, plans to develop over 2 gigawatts of capacity across five Indian states by 2032. The Mumbai-headquartered company targets hyperscalers and AI workloads, using modular construction methods to cut costs.
Tokyo Tatemono has agreed to sell a 22.5% interest in the JA Building and Keidanren Kaikan in Otemachi to Japan Prime Realty Investment Corporation for JPY 32.8 billion ($207.4 million). The deal offers a 3.3% net operating income yield.
The Philippine Amusement and Gaming Corp. (PAGCOR) plans to launch a mobile application by December that lets users verify which online gambling platforms are licensed, as part of a broader crackdown on illegal operators. The agency has approved a five-year partnership with the Development Bank of t
European IT and consulting firm Sopra Steria India has leased 474,150 sq ft of office space at Maconns Grand in Sector 132, Noida, for 15 years. The initial monthly rent is about ₹3.76 crore, escalating by 10% every three years, for a total rent outlay of approximately ₹816 crore. The deal also incl
Cebu’s office occupancy fell to 81.1% in Q3 2026 as new supply hit the market, while Davao maintained 93.2% occupancy amid tight supply. PRIME Philippines reports that Davao faces a potential 145,000 sq.m. of new office space from 2027 to 2029, more than doubling its inventory.
Malaysia plans to draft a Digital Infrastructure (Data Centre) Bill to regulate the data centre industry in line with energy and water supply capacity, with Cabinet submission targeted for 2027. The proposal comes as 27 projects worth RM225.97 billion have been approved under the Data Centre Task Fo
Vingroup will apply a 30% discount on land rent for five years to suppliers that join its ecosystem, and will give them access to its logistics and deepwater port system. The move supports VinFast's production targets of 300,000 cars and up to 1.5 million electric motorbikes this year.
Singapore-listed Frasers Property has hired Jai Mirpuri, formerly head of Southeast Asia at ESR Group, as CEO of Frasers Property Industrial from 11 Jan 2027. The move is part of a week of personnel changes across Asia Pacific’s real estate sector, including new presidents at GLP Japan Advisors and
Eastern & Oriental Bhd (E&O) and OCK Group Bhd have agreed to form a joint venture to develop and operate telecommunications and digital infrastructure on E&O's 760-acre Andaman Island in Penang. OCK's unit will hold 51% and E&O's subsidiary 49%, with initial share subscriptions totalling RM2 millio
KSL Holdings has launched KSL Austin Legacy, a freehold serviced-apartment project in Seri Austin, Johor Bahru, with 1,228 units across two 25-level towers. Unit sizes range from 506 sq ft to 883 sq ft, with indicative prices starting from approximately RM261,000. The project is targeted for complet
Paragon Globe Bhd has completed the RM238.3 million disposal of 47.86 acres of freehold land in Plentong, Johor Bahru, to Bridge Data Centres Malaysia IV Sdn Bhd. The cash consideration works out to approximately RM114.31 psf.
Globe Telecom is calling on property developers in the Philippines to integrate telecommunications infrastructure into the early design phase of residential and commercial projects to avoid costly retrofitting. The company's president says early coordination can reduce redesigns and support future d
Western luxury brands are struggling in mainland China as consumers shift to secondhand goods and homegrown labels. Louis Vuitton has closed five stores in two years, while the country's pre-owned luxury market grew 15 to 20 per cent in 2025.
Six major multilateral development banks have published a framework to help mineral-rich developing nations move beyond extraction into processing, refining and manufacturing. The initiative covers coordinated financing, infrastructure and policy support to create jobs, attract private investment an
CoreWeave, the Nvidia-backed AI cloud company, saw its shares fall more than 15 per cent this week and its 2030 bond yields jump to nearly 16 per cent as investors worried about an AI bubble. The loss-making firm has US$50 billion in debt and has never turned a profit.
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