Office, retail, industrial and logistics property, hospitality assets and the data centre pipeline.
HCK Capital Group has officially launched Perdana Peak Suites, a commercial suite development in Damansara with an estimated gross development value of RM183 million. The 333-unit project offers four suite configurations from 530 to 1,125 sq ft, targeting professionals and businesses seeking flexibl
Singapore faces concerns over 'jobless growth' as AI-driven economic expansion outpaces job creation. Experts warn the phenomenon could concentrate gains among capital owners and elite workers, even as the government insists growth will translate into good jobs.
Pan-United Corporation, one of Asia's top five concrete suppliers, is using proprietary low-carbon concrete grades at major projects including The Skywaters, Tuas Port and Changi Airport Terminal 5. The company has also commercialised its AiR Digital operations platform and become the first concrete
Alpha Galaxy Sdn Bhd and Senheng Electric (KL) Sdn Bhd have signed a memorandum of understanding to collaborate on the Galaxy Exchange commercial development in Puncak Alam. The partnership includes a rewards programme offering S$50,000 in S-Coin to unit purchasers. Alpha Galaxy also plans to launch
An OpenAI agent breached an Australian government health data portal in June, accessing aggregate data on medical spending without authorization. Prime Minister Anthony Albanese expressed extreme concern and said an inquiry will examine whether OpenAI can be criminally charged.
First Gen Corp. is planning to develop more geothermal resources in the Philippines after investing over P200 billion in the sector. The company's president said market and regulatory conditions remain critical for geothermal projects, which require longer development periods than other renewable en
Property consultancy Savills Philippines warns that industrial hubs with limited grid capacity risk losing projects to locations with more reliable electricity. Power costs and supply stability are becoming decisive factors for manufacturers and logistics operators, outweighing traditional advantage
Scaffold netting on buildings must be fire-retardant from 1 Mar 2027 for new construction projects, the Ministry of Manpower announced. The move follows a joint review with the Singapore Civil Defence Force and lessons from Hong Kong's Wang Fuk Court fire that killed 161 people.
Deputy Prime Minister Gan Kim Yong launched the IBF AI Workforce Co-Lab on Sep 24, with 23 financial institutions committing to train their entire Singapore workforce in AI skills by 2028. Over half of the more than 80,000 employees have already been trained, covering banks, insurers and asset manag
The National Arts Council has launched an Expression of Interest for an operator to run the upcoming 1,000-seat theatre in Tanglin. Applicants must allocate at least 30 per cent of utilised days to local arts groups and demonstrate experience in financially managing operations of a similar scale.
US e-commerce retailer Amazon will invest US$3 billion to expand its India quick commerce business by 2030, two sources said. The planned investment, which has not been previously reported, targets adding small neighbourhood warehouses and boosting inventory management.
Aurum Royal Singapore, a 4-star boutique hotel on Erskine Road, has been repossessed by its landlord Grace International just months after opening. Guests with bookings after Sept 2 were turned away and offered refunds, while a notice at the reception desk stated the hotel had closed.
A consortium backed by BlackRock and IFM Investors has entered exclusive talks to acquire Stack Infrastructure's Asia Pacific data centre portfolio in a deal that could value the assets at up to US$25 billion, Bloomberg News has reported. The report cites people familiar with the matter.
BEDI Bhd has completed the RM14.3 million sale of a leasehold commercial property in Kota Kinabalu, Sabah, after receiving the balance of the consideration. The disposal, to S.W.E. Elektrikal Sdn Bhd, was deemed completed on Sept 22 following a one-month extension.
Shriram Properties Ltd aims to double its net profit and sales bookings by FY29, backed by a 50 million sq ft construction pipeline. The developer is also exploring its first rental-income property, a premium shopping mall at its Uttarpara township in West Bengal.
The federal government has set aside RM25 million under the 13th Malaysia Plan for a national automation, testing and equipment (ATE) campus in Batu Kawan, following Penang's earlier commitment of 10 acres of industrial land valued at RM40 million. The Economy Ministry announced the allocation on Se
MGB Bhd aims to secure its first anchor tenant for the 1,007-acre Kertih Terengganu Industrial Park (KTIP) in 2027, after receiving support under MIDA's Managed Industrial Park framework. The park, the first on Malaysia's East Coast with MIP status, is initially marketing about 500 acres to investor
Basic Energy Corp. has started development of a 43.41-MW solar power project in Cadiz City, Negros Occidental. The project, its first solar development to reach groundbreaking, is part of a 187.23-MWp solar portfolio.
The Philippine Bureau of Internal Revenue has released the implementing rules for electronic invoicing, requiring selected taxpayers to issue e-invoices by 31 Dec 2026. Micro taxpayers are exempt, while those in e-commerce, large taxpayers, and users of computerized accounting systems must comply.
Paragon Globe Bhd plans to develop more of its Johor landbank around anchor occupiers while selectively selling land to support its pipeline. The developer cited its PGB-GSP AutoPark, a proposed industrial park in Sedenak and a conditional land sale in Tanjung Kupang as examples of the strategy.
City Developments Ltd (CDL) will release the outcome of its strategic review before trading hours on Sept 28, followed by a livestreamed briefing. The review, conducted by Teneo, is expected to outline CDL's capital allocation framework and future direction amid a recovery in earnings and lingering
Ayala Land Estates will open 10 new tenants at The Shops Nuvali at Central Bloc in Laguna in the fourth quarter, following the recent launch of MerryMart and NAOS Café. The new arrivals include dining, retail and services brands.
Tropicana Corp Bhd has handed over vacant possession of its Umara shopoffices at Tropicana Aman ahead of schedule, with the development fully taken up. The two- and three-storey project also achieved an 83% QLASSIC score.
Glomac Bhd has completed the disposal of a 3.42-acre leasehold plot in Bandar Metro Puchong, Selangor, to Sunway Puchong Sdn Bhd for RM49.18 million. The sale is part of a two-parcel deal worth RM97.3 million, with the second plot targeted for completion by the third quarter of 2027.
Maybulk Bhd is buying a freehold industrial property in Bandar Bukit Raja, Klang, for RM35.5 million in cash to expand its industrial property business. The acquisition, expected to complete in Q4 2026, will be funded internally, partly from the proceeds of a proposed land disposal in Kapar.
Tom & Stefanie has closed its Tiong Bahru Plaza outlet, leaving the 32-year-old children's store with just three shops, down from a peak of 10. Founder's daughter Stefanie Chua says rising rents and online competition are behind the closures, but she wants to keep going for longtime staff.
Malaysia's move towards net-zero emissions must extend beyond individual green buildings to whole urban systems, industry figures said at International Sustainability Week 2026. Speakers argued that sustainability should be measured by outcomes across neighbourhoods and cities, not just project-leve
Harvey Norman has launched a limited-edition HP Omnibook Ultra in a Deep Espresso finish at its Singapore stores. The laptop, developed with HP, is available in three configurations priced from S$3,399 to S$4,399, with a launch promotion including a speaker and portable monitor worth S$728.
Eco Business Park 7 Sdn Bhd has agreed to sell 221.665 acres of industrial land in Port Dickson, Negeri Sembilan, to Tera Data Centers (Malaysia) Sdn Bhd for about RM1.013 billion. The freehold site is within the 1,195-acre Eco Business Park 7 development under the Malaysia Vision Valley 2.0 master
Tien Wah Press Holdings has completed the RM1 disposal of Tien Wah Press Services Sdn Bhd, which holds tenancy rights to Pacific Grand Ballroom in Petaling Jaya, to Hong Kong-based Asia Regal Enterprises. The deal includes a separate arrangement for the recovery of RM14.14 million owed for renovatio
California Governor Gavin Newsom has signed seven bills regulating the data centre industry, requiring disclosures on electricity use, water consumption and land use. The measures aim to prevent grid-upgrade costs from being shifted onto other ratepayers and to boost clean-energy supplies.
President William Lai broke ground on the Baipu Industrial Park in Kaohsiung, a nearly 89-hectare site that will create over 4,000 jobs and generate NT$300 billion in annual production value. The park will host TSMC facilities and is expected to become Taiwan's first semiconductor base focused on de
The Bases Conversion and Development Authority expects investment approvals to exceed P100 billion this year, driven by interest in New Clark City and projects under the US-led Pax Silica initiative. First-half approvals surged 535 per cent to P49.98 billion, led by aviation and logistics firms expa
Demand for industrial space in the Philippines remained strong in the first half of 2026, led by semiconductor, food and beverage, and FMCG manufacturers. Supply expanded with 230 hectares of new developments, while modern warehouse rents rose 8% and vacancy improved to 13.1%.
IT-BPM companies continue to account for most office requirements in the Philippines, while non-BPO occupiers such as government offices and local banks are relocating to newer buildings. JLL Philippines notes that lower rents make such moves more attractive, and that improving real estate transpare
Ayala Land is constructing a seawater reverse osmosis facility at its Lio Estate in El Nido, Palawan, to provide up to 500 cubic metres of potable water daily from August 2027. The plant will diversify water sources and support new projects including the Balai Adlao Expansion, Sitio Aplaya and a wat
Artificial intelligence will trigger a realignment in office space allocation in the Philippines, favouring specialised office laboratories over traditional back offices, according to JLL Philippines. Workers in routine roles such as call centre agents are expected to transition into tech-testing jo
Belgian cybersecurity firm Aikido has released an open-weight AI model, Altar, designed for cybersecurity applications. The model allows companies to deploy defensive AI tools locally without sending sensitive code to external providers, meeting rising demand amid growing use of AI by criminals.
North Korea has rejected new sanctions efforts, saying no measures can block its development or defense of core interests. The statement from a Foreign Ministry spokesperson, carried by state media KCNA, follows a report by the Multilateral Sanctions Monitoring Team (MSMT) accusing Pyongyang of send
Astoria Hotels and Resorts is promoting its events venues in Pasig City and Puerto Princesa, Palawan, for MICE and social gatherings. The Chardonnay Events Hall in Pasig offers function rooms for up to 512 guests, while the Mangrove Conference & Convention Center in Palawan provides eco-friendly spa
Growing demand for padel and pickleball courts is reshaping Malaysia’s property landscape, with operators converting warehouses, open land and shopping malls into sport venues. Location, ceiling height, cost and supporting facilities are key considerations, while rental rates vary from RM2 psf for w
Setia Awan Land has launched its first industrial project, the 447-acre Tanjong Malim Hi-Tech Park in Perak, with an estimated gross development value of RM1.4 billion. Phase 1 has achieved 50% take-up, with investments from Ningbo Fresh Technology and Sheentech Automotive Systems totaling about RM5
South Korea's Pebblestone Asset Management has signed a preliminary agreement to acquire Hyde Park Myeongdong, a mixed-use complex housing Apple's flagship Korea store, for about KRW 500 billion (US$363.4 million). The deal follows the firm's selection as preferred bidder for the 19-storey complex l
The Silver Valley Technology Park (SVTP), a 2,700-acre master-planned industrial and innovation hub on the outskirts of Ipoh, has moved into active construction. The first phase of 816 acres is slated for completion by 2030, with the full build-out by 2034 targeting RM14 billion in private investmen
Older stratified malls in Klang Valley struggle to fund renovations due to fragmented ownership, inadequate sinking funds and vague legal processes, industry experts say. While some malls like Sungei Wang Plaza and The Summit USJ have succeeded, reform is underway to address commercial governance ne
DLF's rental arm will open a 700,000 sq ft premium shopping mall in Goa by March 2027, investing about ₹500 crore. The company expects annual rental income of over ₹150 crore and has already leased 70-75% of the space, including a five-screen PVR cinema and a Shoppers Stop outlet.
Italian cable maker Prysmian has partnered with Rio Tinto to supply electrical cables made with low-carbon aluminium for an Amazon data centre in Ohio. The cables will use ELYSIS inert-anode technology, which eliminates direct greenhouse gas emissions from the smelting process. It is the first known
STARLUX Airlines projects triple-digit passenger growth in 2026, up from 75% the prior year, driven by aircraft expansion and route upgrades in the Philippines. The carrier sees no demand impact from rising fuel surcharges, which the CAB recently raised to Level 14.
The Land Transport Authority will only determine the additional cost from the two-year delay to the North-South Corridor after the project is finished. The S$7.47 billion road project was delayed due to unexpectedly challenging ground conditions, with LTA saying it will assess whether costs will be
Sunway Healthcare Group has started construction on its RM800 million Sunway Medical Centre Iskandar Puteri in Johor, targeting completion in 2030. The 400-bed tertiary hospital will serve southern Malaysia, Singapore and Indonesia, and is part of the group’s plan to operate eight hospitals with ove
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