Office, retail, industrial and logistics property, hospitality assets and the data centre pipeline.
The Ministry of Manpower has called on companies in the construction and transport sectors to hold a voluntary safety time-out from Oct 5 to 18 following seven workplace fatalities since September. Enhanced enforcement measures, including higher fines and longer stop-work orders, will also be in pla
PNB Holdings, backed by billionaire Lucio Tan, plans to build a 280-metre mixed-use tower on an 8,000 sq m parking lot in Makati's central business district. The 54-storey project, estimated to cost at least 12.8 billion pesos (US$205 million), will be the Philippines' second tallest building after
DPI Holdings Bhd is acquiring a 2.05-acre vacant industrial lot in Kota Kinabalu Industrial Park, Sabah, for RM7.6 million. The 99-year leasehold site will support the group's FMCG distribution and warehousing expansion in East Malaysia.
Southern Steel Bhd has signed a conditional three-year tenancy agreement with Deep Source (PN) Sdn Bhd for data centre use of its steel plant in Seberang Perai Tengah, Penang. The lease carries a total rent of RM33.02 million over the term, subject to regulatory approvals.
Black & Veatch and Carmen Copper Corp. have received the Innovation Award at the 2026 Enlit Asia Awards for the Carmen Copper Floating Solar Project, a 4.996-MW floating solar facility on the Malubog Reservoir in Cebu, Philippines. The project is the country's first megawatt-scale floating PV instal
Megawide Construction Corp. is awaiting further action from the Government Service Insurance System on its unsolicited P3.5-billion proposal to develop and operate an integrated transport terminal in Quezon City. The PPP Center has endorsed the proposal, and GSIS issued a notice to commence negotiat
Four master tenants at Punggol East and Tebing Lane will be offered lease extensions of up to a year, potentially allowing businesses to stay until end-2027. The extension follows a review by agencies after more than 50 tenants at the Punggol East container park were told to cease operations by Oct
Marina Bay Sands has extended its lead over Genting Singapore, capturing an estimated 81% of Singapore's gaming market in 2025, according to analysts. Despite a stronger-than-expected second quarter, Genting Singapore's Resorts World Sentosa continues to lose share, though some observers believe los
Frasers Property and Mitsubishi Estate have formed a joint venture to develop a luxury mixed-use project on the Valley Point site in River Valley. The project will have a maximum gross floor area of 54,309 sq m and include 184 Frasers Suites serviced residences, with completion scheduled for 2031.
Taiwan's Ministry of Agriculture defended its handling of the Huwei Industrial Park farmland conversion proposal, saying it followed the law and requested additional documents from Yunlin County Government. The county government criticised the ministry for repeated skepticism, noting other similar p
Hong Kong-listed developer New World Development, controlled by the billionaire Cheng family, will surrender the 11 SKIES shopping mall project to the Hong Kong Airport on 1 Apr 2027. The termination triggered a net loss of HK$18.3 billion, including HK$14.7 billion in impairment losses and HK$2.3 b
Workers at Kuai Kuai Co's only Taiwan factory in Taoyuan voted to continue their strike indefinitely after a one-day walkout, as talks over the plant's relocation and worker arrangements remain unresolved. The union demands negotiations with owner San-Ti Group, while the company says it respects the
Satellite images show grading, gravel and compaction cranes on Antelope Reef in the Paracel Islands, indicating a full-scale runway is under construction. Analysts estimate completion by mid-2027, which would mark China's most significant military expansion in the South China Sea in a decade.
CREDAI has called for an infrastructure-first approach to urban development, with roads, drainage and civic services planned before large-scale real estate expansion. A report released at NATCON 2026 estimates India's real estate market could reach $1 trillion by 2030 and $5.8 trillion by 2047.
The Johor Bahru-Singapore RTS Link will begin passenger services in February 2027, after system tests and trial runs are completed by the end of this year. The revised timeline follows a 16-year project history marked by suspensions and delays, with the latest announcement made on Oct 2.
Luxury cruising is shifting toward intimate, yacht-like vessels as Four Seasons, Orient Express, Explora Journeys and Regent Seven Seas launch new ships in 2026. The vessels offer more space, privacy and personalised experiences, with fares starting from US$4,340 per person for seven nights.
Housing and Local Government Minister Nga Kor Ming has pledged one month of his ministerial salary to the winner of the Prime Minister’s Innovation Award if a ministry entry takes the top prize this year. He made the announcement at the ministry’s Innovation Day 2026 in Putrajaya on Oct 1.
The Republic of Singapore Navy has launched Sentinel, the first of four new Sentinel-class offshore patrol vessels, at a ceremony in Germany. Built by Fassmer under a MINDEF contract, the 2,700-tonne vessels will replace existing Maritime Security and Response Vessels and be progressively delivered
IOI Properties Group has proposed acquiring Shenton 101, owner of Singapore's Shenton House, from group CEO Datuk Lee Yeow Seng for S$217.06 million. The deal includes repayment of shareholder advances and paves the way for a S$1.61 billion redevelopment.
Ajiya Bhd is selling a freehold industrial property in Puchong, Selangor, to Esprit Care Sdn Bhd for RM58 million. The deal represents a 45 per cent premium over the RM40 million market valuation and is expected to complete in the first quarter of 2027.
PH Resorts Group Holdings has closed the Donatela Resort & Sanctuary in Panglao, Bohol, after the property was placed under extrajudicial foreclosure proceedings by Land Bank of the Philippines. The resort's operator, Donatela Hotel Panglao Corp., ended operations on 30 Sep 2026 and will hand over p
PNB Holdings Corp. has signed a lease agreement with creative agency RNDMD for office space at PNB Makati Center on Ayala Avenue. The 35,000 sq.m. property is currently 86 per cent leased as the company continues to build occupancy and enhance amenities.
Japanese retail giant Aeon plans to more than double its operating revenue in Vietnam to 300 billion yen (US$1.9 billion) by March 2031. It aims to expand its supermarket network to 300 stores and its shopping mall network to 30 outlets, with about 60% of its Southeast Asian investment allocated to
Filinvest Land's Filinvest Innovation Parks in New Clark City and Ciudad de Calamba have become the first industrial properties in the Philippines to receive an A+ rating under the International Finance Corporation's Building Resilience Index. The verified rating covers Ready-Built Factories at both
Japan's biggest power generator JERA has signed an MoU with Dell Technologies and UK-based RHAELM to develop a standardised framework for AI infrastructure, starting with a US$15 billion hyperscale data centre in Chiba. The facility will deliver 400 MW of capacity in phases from 2028, with JERA supp
Malaysia Aviation Group (MAG), parent of Malaysia Airlines, has signed a sale and purchase agreement to acquire Airbus unit Sepang Aircraft Engineering. The deal is targeted for completion in 2027, subject to regulatory approvals. No financial details were disclosed.
Klanggroup Development Sdn Bhd has handed over vacant possession of two fully sold industrial developments in Kapar and Jenjarom, Selangor, with a combined gross development value of RM1.74 billion. As of September 2026, 82 of 170 factory units at Kapar and 113 of 162 factory units at Jenjarom are o
Battersea Power Station in London has welcomed its 50 millionth visitor less than four years after opening. The Malaysian-owned development is preparing for its next phase, with a planning application submitted to deliver up to 3.2 million sq ft of residential, commercial, cultural and leisure space
The Malaysian Anti-Corruption Commission has proposed procurement and advisory changes for two Felda projects, including the Agro Park (Commercial) Project and Cattle Trading Pilot Project. Felda and its subsidiaries have agreed to implement the recommendations, which come amid separate MACC investi
WTK Holdings has agreed to sell three leasehold industrial properties in Perai, Penang, to NationGate System for RM38 million cash. The disposal, which follows a fire at its manufacturing facility, will support its shift towards an asset-light tapes business.
PTT Synergy Group Bhd plans to acquire four freehold industrial properties under construction in Bandar Bukit Raja, Klang, Selangor, for RM31.997 million. The acquisition, to be funded through bank borrowings, is intended to accommodate the group's business expansion.
MERALCO PowerGen Corp. (MGEN) and VITRO REIT, Inc. have signed an MoU to jointly study data centre developments integrated with renewable energy and power generation. MGEN will identify potential sites and power arrangements, while VITRO will lead design and hyperscaler engagement.
QIC, a Queensland government-backed fund manager, plans to invest over A$600 million (US$418.3 million) to redevelop Sydney’s Castle Towers mall, adding 70 stores and a rooftop health club. Construction begins in October and is expected to complete in late 2029. The investment follows A$2 billion in
Brookfield India REIT and NCW, a venture of Nuvama and Cushman & Wakefield, have completed a INR 17 billion (S$177.2 million) purchase of three floors at Godrej BKC in Mumbai's Bandra Kurla Complex. The partners each own half of the 264,000 sq ft office space, with NCW investing through its Prime Of
Apple plans to enter the smart-home hub market on 13 Oct with a device code-named J490, according to Bloomberg News. The company will also unveil an updated HomePod mini and a new TV set-top box. The hub will feature a 6-inch display and personalized user recognition.
The Department of Science and Technology and Capiz State University inaugurated two facilities on Tuesday to develop homegrown agricultural machinery for local farmers and fisherfolk. The i-Lab ProMaTech and MATEC, located at the CapSU-Burias Campus, will handle design and fabrication of post-produc
The Alliance of Concerned Teachers (ACT) Philippines has called for a broader investigation into 'ghost' school projects nationwide, following Commission on Audit findings that 66% of classrooms funded under the Basic Education Facilities Fund were not built. The group also flagged unverified vouche
Samuel Tan, a 20-year-old Ngee Ann Polytechnic graduate, won bronze in digital construction at the WorldSkills Competition in Shanghai, Singapore's first medal in the category. His win contributed to Singapore's best-ever showing with 27 awards at the biennial event.
Malaysia Transport Minister Anthony Loke has agreed with Prime Minister Anwar Ibrahim that his resignation, announced in protest of Najib Razak's conditional pardon, will take effect only when Najib begins house arrest. Analysts say the move limits Cabinet disruption and buys time for Anwar, but ris
Marriott International and IOI Properties Group have signed a portfolio deal for four new-build hotels in Malaysia, adding 888 rooms under brands including The Ritz-Carlton, W Langkawi and Aloft by Marriott. The agreement expands a long-standing partnership that will bring IOI Properties' total hote
Former Felda director-general Datuk Faizoull Ahmad claimed trial on Sept 30 to a cheating charge linked to a power of attorney that allegedly transferred 16 parcels of Felda land at Jalan Semarak, Kuala Lumpur. The court granted bail of RM70,000 and set case management for Nov 6.
KIP Real Estate Investment Trust has completed its RM435 million purchase of Setapak Central Mall in Kuala Lumpur. The 99-year leasehold mall has a net lettable area of 514,777 sq ft and was 99.89% occupied as at Feb 28, 2026. The acquisition was partly funded by a RM163 million placement of new uni
OpenAI has launched Dots, always-on autonomous agents that manage projects across apps, targeting the enterprise market and competing directly with Meta's Muse. The company also reported 35 million weekly users of Codex and ChatGPT Work, while facing scrutiny over rogue AI activity.
Metro Retail Stores Group plans to develop a three-story retail complex in Ormoc City, Leyte, with groundbreaking targeted for late 2026. The project will house a Metro Supermarket, department store and commercial spaces, creating jobs and supporting local vendors.
The National Museum of Singapore's Singapore History Gallery reopens on Oct 10 after its first full revamp since 2006, adding new research, artefacts and interactive elements. The reopening coincides with nine days of anniversary festivities from Oct 10 to 18.
OGX Group Bhd is seeking shareholders' approval to buy a three-storey detached warehouse with a four-storey office annex in Bukit Jelutong, Shah Alam, for RM19 million cash. The property will serve as the company's new headquarters, with relocation expected in the fourth quarter of 2027.
Coalfields Retail Park has welcomed over 390,000 visitors since its soft opening from Sept 10 to 16. Developer KLK Land aims for five million annual visitors and full occupancy by 1Q2027.
Parkson Holdings Bhd’s Hong Kong-listed subsidiary, Parkson Retail Group Ltd, has signed a 20-year lease for about 38,511 sq m at Zijing Plaza in Mianyang, China. The lease, starting from July 2027, will see the group operate a shopping centre under the Parkson name. Rent is the higher of a guarante
A new tunnel connecting Zhongxiao E Road to the National Biotechnology Research Park in Nangang District opened yesterday. The S$1.878 billion (US$59.07 million) tunnel cuts travel time between Nangang and New Taipei City’s Sijhih District from 15-20 minutes to under 10 minutes during peak hours.
The National Chungshan Institute of Science and Technology opened its new drone campus in Chiayi County's Minsyong Township and broke ground on the adjacent Minsyong Aerospace and Drone Industrial Park. The park, scheduled for completion in 2028, is expected to host 100 companies, create 1,200 jobs
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