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Commercial Southeast Asian investors top foreign buyers of Hong Kong commercial property
Top story Southeast Asian investors top foreign buyers of Hong Kong commercial property

Southeast Asian investors have become the largest foreign buyers of Hong Kong commercial property this year, accounting for more than 11% of total transactions, according to Savills. Their share has risen to roughly two-thirds of all non-local investment, outpacing mainland Chinese buyers.

Commercial More Indian tech workers return from US as immigration uncertainty grows, but pay gaps remain India More Indian tech workers return from US as immigration uncertainty grows, but pay gaps remain

The number of Indian white-collar professionals returning from overseas grew 24% in 2024 and 5% in 2025, with 205,000 more returnees so far in 2026. Industry experts warn that gaps in compensation, research funding and cutting-edge work compared to the US could make retaining these workers a challen

Commercial Argentine judge halts Falklands oil project by British and Israeli firms Taiwan Argentine judge halts Falklands oil project by British and Israeli firms

An Argentine federal judge has ordered British and Israeli companies to stop developing the Sea Lion oilfield off the Falkland Islands, pending an environmental review. The injunction targets Navitas Petroleum and Rockhopper Exploration, though enforcement depends on international cooperation and th

Commercial NGCP targets P23.5-B transmission projects for completion by yearend NGCP targets P23.5-B transmission projects for completion by yearend

The National Grid Corp. of the Philippines aims to complete six transmission projects worth about P23.5 billion by the end of 2026. The grid operator has already finished five projects valued at P7.18 billion, and the new projects are intended to improve transmission reliability amid power supply co

Commercial 29% of Philippine hotel rooms slated for 2026 cancelled, pipeline grows to P387 billion Philippines 29% of Philippine hotel rooms slated for 2026 cancelled, pipeline grows to P387 billion

Nearly three in 10 hotel rooms projected to open by 2026 were cancelled, according to a report by PHOA and LPC. The country's accommodation pipeline has expanded to 45,884 room keys across 213 projects backed by P387 billion in committed capital through 2032.

Commercial North-South Corridor delay: Novena businesses report 60-75% revenue drop, some may shut Singapore North-South Corridor delay: Novena businesses report 60-75% revenue drop, some may shut

The Land Transport Authority has delayed the North-South Corridor's completion to 2029, prompting businesses in Novena to report revenue declines of up to 75 per cent. Some tenants are considering not renewing leases, while residents brace for continued noise, dust and travel disruption.

Commercial GlobalFoundries, Marvell expand chip capacity deal for AI data center connectivity Singapore GlobalFoundries, Marvell expand chip capacity deal for AI data center connectivity

GlobalFoundries and Marvell Technology have expanded their multi-year agreement to increase production capacity for silicon germanium semiconductors used in high-speed optical connections in data centers. The deal will boost capacity at GlobalFoundries' Vermont facility to meet surging demand from A

Commercial San Jose data centre boom faces pushback from residents, green groups Singapore San Jose data centre boom faces pushback from residents, green groups

Residents and environmental groups in San Jose are organising against a wave of proposed AI data centre projects, citing concerns over energy, water and pollution. City officials have courted the developments for tax revenue, while state lawmakers weigh new transparency and cost measures.

Commercial Japan, US in talks on GlobalFoundries chip plant under US$550b investment pact Japan Japan, US in talks on GlobalFoundries chip plant under US$550b investment pact

Japan and the United States are discussing the construction of a semiconductor factory as part of their US$550 billion investment agreement, Nikkei reported. The plant, valued at ¥2 trillion to ¥3 trillion, would be operated by GlobalFoundries and focus on logic semiconductors.

Commercial IOI Properties completes S$2.47b acquisition of Asia Square Tower 2 in Singapore Singapore IOI Properties completes S$2.47b acquisition of Asia Square Tower 2 in Singapore

IOI Properties Group has completed its S$2.47 billion acquisition of the indirect owner of Asia Square Tower 2 in Singapore. The deal includes repayment of shareholder loans and was settled via a Bursa Malaysia filing on Sept 17.

Commercial Lumina Commercial Park launches in Iskandar Puteri with units from RM2.5 million Malaysia Lumina Commercial Park launches in Iskandar Puteri with units from RM2.5 million

Lumina Commercial Park, a 35-acre freehold mixed development in Iskandar Puteri, has opened for sale with commercial units starting at RM2.5 million. The project, developed by Iskandar Seafront Assets and BCB Bhd, targets the growing demographic and cross-border traffic from the Johor-Singapore Spec

Commercial SK Hynix in talks with Intel to make memory chips in US for first time South Korea SK Hynix in talks with Intel to make memory chips in US for first time

SK Hynix is in talks with Intel about a deal that would see it manufacture memory chips in the US for the first time, with scenarios including leasing part of Intel's Ohio facility or forming a venture with cloud firms. Potential opposition from Seoul over sensitive technology could be a major hurdl

Commercial Vietnam durian industry shifts from volume to value as Dak Lak expands export capacity Vietnam Vietnam durian industry shifts from volume to value as Dak Lak expands export capacity

Vietnam’s durian industry is pivoting from volume-driven growth to a value-based model, with Dak Lak Province leading the shift. The province has secured new export approvals from China, adding 140 growing-area codes and 31 packing facilities, while national traceability systems are being rolled out

Commercial 166 Industry Leaders Attend Inaugural Mingtiandi Australia Forum in Sydney Australia 166 Industry Leaders Attend Inaugural Mingtiandi Australia Forum in Sydney

Some 166 senior executives gathered at the Four Seasons Sydney for the inaugural Mingtiandi Australia Forum, featuring 31 speakers across nine sessions on cross-border real estate opportunities. The event, sponsored by Yardi, drew delegates from Singapore, Hong Kong, London and the UAE, with more th

Commercial Xiaomi launches REDMI Note 17 Series in the Philippines, priced from P14,999 Philippines Xiaomi launches REDMI Note 17 Series in the Philippines, priced from P14,999

Xiaomi Corp. launched the REDMI Note 17 Series in the Philippines on Tuesday, featuring four models with large batteries and enhanced durability. Prices start at P14,999 for the base REDMI Note 17, with early bird discounts available until Oct. 1.

Commercial Fujifilm launches instax Pal 2 compact digital camera and Link WIDE 2 printer Singapore Fujifilm launches instax Pal 2 compact digital camera and Link WIDE 2 printer

Fujifilm Corp. has unveiled two new instax products: the Pal 2 palm-top digital camera and the Link WIDE 2 smartphone printer. Both devices will go on sale in Japan next month, with a Philippine release expected after a local teaser. The Pal 2 features a 10-megapixel sensor and upgraded design.

Commercial The Labs at BBCC launches Malaysian artist series for festive season Malaysia The Labs at BBCC launches Malaysian artist series for festive season

The Labs at Bukit Bintang City Centre (BBCC) in Kuala Lumpur has launched The Labs: Artist Series, featuring six Malaysian creative talents from Sept 12, 2026 to January 2027. The programme includes physical installations, immersive digital experiences, murals and merchandise tied to Merdeka, Mid-Au

Commercial Aboitiz Construction, ACCIONA launch facilities management JV in Philippines Philippines Aboitiz Construction, ACCIONA launch facilities management JV in Philippines

Aboitiz Construction and Spain's ACCIONA have formed a joint venture, ACCIONA Facility Management Philippines, to provide integrated facilities management services. The venture targets the pharmaceutical, industrial, corporate and transport sectors, combining local expertise with global capabilities

Commercial Aboitiz Equity Ventures expands LIMA Estate to 1,100 ha as part of ecosystem strategy Philippines Aboitiz Equity Ventures expands LIMA Estate to 1,100 ha as part of ecosystem strategy

Aboitiz Equity Ventures has expanded its LIMA Estate in Batangas from 384 hectares to approximately 1,100 hectares, attracting over P128.9 billion in investment and supporting 75,000 jobs. The company is building integrated ecosystems that combine infrastructure, energy, industrial development, educ

Commercial Horizon Industrial Parks EBITDA rises 36% as loss narrows in first post-IPO results Horizon Industrial Parks EBITDA rises 36% as loss narrows in first post-IPO results

Blackstone-backed Horizon Industrial Parks reported a 36% year-on-year rise in first-quarter EBITDA to INR 1.6 billion, while net loss narrowed sharply. The Mumbai-based warehouse developer raised INR 42.5 billion in total primary equity through its IPO and pre-IPO placement, and reduced pro forma n

Commercial Hong Kong’s Cheung Kong Center II hits 70% occupancy as US quant firm Susquehanna takes three floors Hong Kong Hong Kong’s Cheung Kong Center II hits 70% occupancy as US quant firm Susquehanna takes three floors

CK Asset Holdings has leased three floors totalling 51,762 sq ft to Susquehanna International Group in Cheung Kong Center II, pushing occupancy to about 70%. The deal adds to Hong Kong’s Central office rebound, with vacancy falling to 10% in August.

Commercial AstraZeneca and AC Health sign pact to expand clinical trial access in the Philippines Philippines AstraZeneca and AC Health sign pact to expand clinical trial access in the Philippines

AstraZeneca Philippines and Ayala Healthcare Holdings Inc. have signed a partnership to strengthen clinical trial capabilities and expand patient access to innovative therapies. The agreement combines AstraZeneca's global research expertise with AC Health's hospital network and its subsidiary Health

Commercial Petronas, PTT units get approval for new gas PSC in Malaysia-Thailand JDA Petronas, PTT units get approval for new gas PSC in Malaysia-Thailand JDA

Petronas and PTT subsidiaries have secured government approvals for a new production sharing contract for Block A-18-01 in the Malaysia-Thailand Joint Development Area. The 35-year PSC extends development beyond the current contract's expiry in 2029 and includes an adjacent exploration area.

Commercial Tesla registers Vietnam subsidiary in Ho Chi Minh City Vietnam Tesla registers Vietnam subsidiary in Ho Chi Minh City

Tesla has formally entered Vietnam by registering a subsidiary, Tesla Motors Vietnam Limited Liability Company, in Ho Chi Minh City with charter capital of 77.667 billion dong (US$3 million). The new entity will handle wholesale and retail sales of vehicles and parts, along with related import and e

Commercial Kerjaya Prospek unit wins RM37.82m piling job for Pulau Andaman affordable flats Malaysia Kerjaya Prospek unit wins RM37.82m piling job for Pulau Andaman affordable flats

Kerjaya Prospek Group Bhd's wholly owned subsidiary has accepted a RM37.82 million contract from Persada Mentari Sdn Bhd for piling and substructure works on an affordable apartment project at Pulau Andaman, Penang. The 24-month fixed lump-sum contract is slated to start on Oct 1, 2026.

Commercial NFD Korea Breaks Ground on 300MW AI Data Center Campus in Dangjin NFD Korea Breaks Ground on 300MW AI Data Center Campus in Dangjin

NFD Korea has begun full-scale development of a 300MW AI data center campus in Dangjin, South Korea. The first 200MW phase has secured permits, a power supply agreement, and a general contractor, with construction starting in November 2026 and Q1 2028 targeted for service readiness.

Commercial Mida: Data centre growth must build local value, not just capacity Malaysia Mida: Data centre growth must build local value, not just capacity

Industry leaders at Data Centre Nexus 2026 urged Malaysia to measure data centre growth by local capabilities and supply chains, not just investment size. Mida recorded RM385.7 billion in data-centre investments from 2021 to H1 2026, with calls for greater SME participation and resource efficiency.

Commercial Booking Holdings leases 111,525 sq ft at RMZ Ecoworld in Bengaluru India Booking Holdings leases 111,525 sq ft at RMZ Ecoworld in Bengaluru

Booking Holdings has leased 111,525 sq ft of office space at RMZ Ecoworld in Bengaluru, increasing its total footprint at the commercial tower to about 2.65 lakh sq ft. The five-year lease, which began on 3 July, carries a monthly rent of Rs 1.33 crore and a 15% rental escalation every three years.

Commercial GLP starts S$596M hyperscale data centre campus near Guangzhou for Chinese hyperscaler China GLP starts S$596M hyperscale data centre campus near Guangzhou for Chinese hyperscaler

GLP has begun developing a 200MW hyperscale data centre campus in Foshan, Guangdong, with an expected investment of RMB 4 billion (S$595.6 million). The purpose-built facility will serve the AI training and advanced compute needs of a leading Chinese internet and cloud services company expanding its

Commercial Anthropic CEO calls for deliberate slowdown in AI model development Singapore Anthropic CEO calls for deliberate slowdown in AI model development

Anthropic CEO Dario Amodei has urged AI companies to moderate the pace of model advancement, proposing a three-step framework to slow development and create more time to manage associated risks.

Commercial North-South Corridor enters 'most technically demanding' phase with tunnelling 1m beneath MRT line Singapore North-South Corridor enters 'most technically demanding' phase with tunnelling 1m beneath MRT line

Construction of Singapore's North-South Corridor has entered its most technically demanding phase, with tunnelling taking place as close as 1m beneath the operational North-South Line at Novena. The Land Transport Authority said ground conditions have been more challenging than expected, requiring a

Commercial Taiwan and Paraguay launch pilot carbon credit project on five-hectare woodland Taiwan Taiwan and Paraguay launch pilot carbon credit project on five-hectare woodland

Taiwan and Paraguay have launched a pilot carbon credit project covering five hectares of woodland in Paraguay's Chaco region, the Climate Change Administration said. The project explores verification and transfer methods for carbon credits. Two universities also signed a separate MOU on talent deve

Commercial True Fitness and True Yoga to shutter all 10 Singapore outlets after parent cites fierce competition and rising costs Singapore True Fitness and True Yoga to shutter all 10 Singapore outlets after parent cites fierce competition and rising costs

True Fitness and True Yoga in Singapore are set to close, with parent company Kontafarma China Holdings citing intense competition and rising customer acquisition costs. Insolvency practitioners have been provisionally appointed and creditors' voluntary winding-up will be proposed at an extraordinar

Commercial Billionaire father-son duo Raj Kumar, Kishin buy Scotts Square retail mall for S$310M Singapore Billionaire father-son duo Raj Kumar, Kishin buy Scotts Square retail mall for S$310M

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.

Commercial KLK Land opens 21-acre Coalfields Retail Park in Selangor with 90% occupancy Malaysia KLK Land opens 21-acre Coalfields Retail Park in Selangor with 90% occupancy

KLK Land has opened Coalfields Retail Park in Bandar Seri Coalfields, Selangor, with 90% of its retail space occupied. The 21-acre development is the company's first retail project and features over 100 brands, including Skechers' largest store in Southeast Asia. The retail park is part of the broad

Commercial Microsoft targets 38GW data centre capacity by 2032, tripling current footprint Singapore Microsoft targets 38GW data centre capacity by 2032, tripling current footprint

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

Commercial Heritage Valley KL posts RM4.6m sales in first year, targets RM6.5m annually Malaysia Heritage Valley KL posts RM4.6m sales in first year, targets RM6.5m annually

UDA Holdings Bhd’s Heritage Valley Kuala Lumpur generated more than RM4.6 million in cumulative sales during its first 12 months of operations. The 1.71-acre entrepreneurship hub along Jalan Doraisamy was developed at a cost of RM9.7 million and has benefited over 500 entrepreneurs.

Commercial Country Heights units face auctions with RM207.8m combined reserve prices Malaysia Country Heights units face auctions with RM207.8m combined reserve prices

Two properties owned by Country Heights Holdings Bhd subsidiaries will be auctioned with combined reserve prices of RM207.77 million. The larger asset, Mines Waterfront Business Park in Selangor, has a reserve price of RM152.77 million, while a freehold commercial parcel in Kajang carries a reserve

Commercial AME Elite buys 176.45 acres in Pontian, Johor for RM199.84m Malaysia AME Elite buys 176.45 acres in Pontian, Johor for RM199.84m

AME Elite Consortium Bhd is acquiring 176.45 acres of freehold land in Pontian, Johor for RM199.84 million cash, with preliminary plans for industrial development. The site is within the Johor-Singapore Special Economic Zone and located about 9km from the Second Link Expressway. The deal is expected

Commercial Green-building certification a measure of progress, not end goal, IGBC 2026 hears Malaysia Green-building certification a measure of progress, not end goal, IGBC 2026 hears

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

Commercial RIYI 2026: Side hustles test hidden costs, not just revenue, Rehda Institute mentors tell young founders RIYI 2026: Side hustles test hidden costs, not just revenue, Rehda Institute mentors tell young founders

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.

Commercial Village Grocer to anchor Mah Sing's M Legasi township by end-2029 Malaysia Village Grocer to anchor Mah Sing's M Legasi township by end-2029

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.

Commercial SunAsia, Thailand's Gunkul partner on P62.5-B Laguna Lake floating solar project Thailand SunAsia, Thailand's Gunkul partner on P62.5-B Laguna Lake floating solar project

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

Commercial SM Offices signs Visa expansion lease at Four E-com Center in Pasay Philippines SM Offices signs Visa expansion lease at Four E-com Center in Pasay

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

Commercial Singapore studying safety of food donations past 'best by' date as MPs back food resilience motion Singapore Singapore studying safety of food donations past 'best by' date as MPs back food resilience motion

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.

Commercial Pax Silica initiative could lift Philippines up global tech value chain, says DFA Philippines Pax Silica initiative could lift Philippines up global tech value chain, says DFA

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

Commercial High selling prices risk derailing development financing, OCBC tells Rehda conference Malaysia High selling prices risk derailing development financing, OCBC tells Rehda conference

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

Commercial PDC calls for proposals on 15.81-acre Batu Kawan commercial site at RM75 psf Malaysia PDC calls for proposals on 15.81-acre Batu Kawan commercial site at RM75 psf

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.

Commercial EI Power buys Glenmarie factory for RM17.2m for new HQ and warehouse Malaysia EI Power buys Glenmarie factory for RM17.2m for new HQ and warehouse

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.

Commercial BGO exits Pangyo office investment with KRW 131.5B sale of GB II to SOOP BGO exits Pangyo office investment with KRW 131.5B sale of GB II to SOOP

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

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