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.
Blue Origin plans to launch its New Glenn rocket multiple times per week by the end of the decade, backed by over US$3 billion in Florida infrastructure. A US$330 million expansion will support production of the heavier New Glenn 9x4 variant, with completion targeted for summer 2027.
G7 finance ministers and central bank governors have agreed to hold tabletop exercises to guard against AI-driven cyber attacks, Japanese Finance Minister Satsuki Katayama said. The simulations will test existing protocols and help revise manuals to better tackle such incidents.
Genting Property has signed a master-planning agreement with Huawei Technologies (Malaysia) to support the design of Johor Tech Smart City (JTSC), a 2,300-acre development in Kulai with an estimated GDV of RM80 billion. The agreement formalises Huawei's role in planning a flagship 430-acre smart cam
Penang's RM33 million Mount Erskine underpass is targeted for completion in November 2030, with design work expected to finish by December 2026 and tendering to begin in February 2027. The revised tunnelling approach aims to reduce traffic disruption during construction.
Crescendo's freehold Senyum Residences serviced apartments in Johor Bahru city centre, with 1,257 units from approximately RM513,000, are positioned near the upcoming RTS Link at Bukit Chagar. The development targets cross-border commuters and investors ahead of its planned 2029 completion.
The TEDUH portal helps homebuyers check whether a developer is licensed, but a valid licence does not guarantee financial soundness or the ability to complete a project. The article calls for the portal to evolve into a developer performance profile platform that tracks completion, delivery and defe
Anthropic has given nonprofit evaluator METR employee-level access to its systems and is in talks with others including Hugging Face, as AI firms pitch external reviews as a safety guardrail. The developer of Claude models is also working with biosecurity nonprofit SecureBio and Accenture's AI busin
The Philippines is widening its Pambansang Pabahay Para sa Pilipino Program (4PH) to tackle a 3.7-million-unit housing backlog, adding rental housing, subsidised loans and partnerships with private developers. Pag-IBIG Fund is offering preferential interest rates of 3 per cent for low-income borrowe
Robinsons Land Corp. signed a memorandum of agreement with the Bacolod City Government on Oct. 8 to support Creative Bacolod, the city's tourism and cultural platform. The deal marks the first rollout of the developer's
NLEX Corp. has reached 96 per cent completion on Segment 8.2 of the NLEX-C5 Northlink project, a two-kilometre elevated expressway section connecting Mindanao Avenue to C5/C.P. Garcia. The project aims to ease congestion along Quirino Highway and Mindanao Avenue, benefiting about 11,000 vehicles dai
Port expansions and road projects in the Visayas and Mindanao could improve industrial property investment prospects as connectivity becomes key in site selection, Savills Philippines said. The consultancy cited projects in Cebu, Iloilo, Davao and Cagayan de Oro that could unlock land values near tr
Pan Pacific Hotels Group expects to meet its full-year targets as Southeast Asian tourism demand rebounds in the second half of 2026, led by affluent travellers taking shorter regional trips. The Singapore-based operator is pressing ahead with 10 new-build and major renovation projects across the re
Data centre investors in Malaysia will have to bear the cost of grid upgrades and pay for committed electricity capacity even when it is not fully used, says Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani. He also announced a minimum 30% local content requirement for data cent
ByteDance is close to an agreement with MediaTek to secure semiconductors for its data centre operations, according to a Bloomberg News report on 15 Oct. The deal would bolster ByteDance's supply of chips for its expanding data centre footprint.
A Singapore-flagged container ship and a dry bulk carrier have sunk near the Strait of Hormuz after being hit by projectiles in separate incidents. The Maritime and Port Authority of Singapore confirmed all 21 crew members of the GFS Pride were evacuated safely, while one crew member died on the Cap
Johor accounts for 16 of the 27 data centre projects approved under Malaysia's Data Centre Task Force up to July 2026, with a combined investment value of RM225.97 billion. The projects are expected to create 4,053 jobs, mostly high-skilled positions filled by Malaysians.
Selangor will host pilot projects for humanoid robots, autonomous vehicles and industrial robotics under collaborations signed at AiSEM@Selangor 2026 on Oct 15. The initiatives, led by Sidec and industry players, aim to boost local capabilities and talent in robotics and autonomous technologies.
Processed food and beverage group A1 A.K. Koh Group Bhd has completed its RM16.73 million acquisition of a 99-year leasehold commercial plot in Puchong Jaya, Selangor. The site, intended for a regional sales and marketing office, was bought through wholly owned subsidiary A.K. Koh Enterprise Sdn Bhd
IOI Properties Group is in exclusive talks to acquire Singapore's Chijmes and Capitol Kempinski hotel, with due diligence underway. The group also plans a private property fund initially comprising two office assets worth about S$6 billion, targeting a 10% to 11% internal rate of return.
Finance Secretary Frederick D. Go has called on ASEAN and the World Bank Group to collaborate on packaging bankable infrastructure, AI and clean energy projects into investable opportunities. He spoke at the ASEAN Finance Ministers–World Bank Group Dialogue in Bangkok, where private capital mobilisa
Nasdaq-listed IREN has proposed a A$10 billion, 900-megawatt data centre campus in Wagga Wagga, offering the local council more than A$200 million in community benefits. The plan follows rival CDC Data Centres' A$15 billion proposal at the same site, with both projects awaiting NSW government approv
Singapore-based Princeton Digital Group is seeking a US$1.2 billion syndicated loan to fund a 198.8MW data centre campus in Johor and refinance existing debt. The three-year loan would be taken by subsidiary Princeton Digital Group Labuan Alpha Ltd, with HSBC, Maybank, OCBC, Standard Chartered and U
Mixed-use development Beauty World Plaza has been launched for collective sale at S$165 million, its third attempt at that guide price. The 999-year leasehold property next to Beauty World MRT station sits on a 24,817 sq ft site and has in-principle approval for serviced apartments. The tender close
China's producer price index rose 5 per cent year-on-year in September, the fastest pace since June 2022, driven by higher oil and commodity costs. Consumer inflation edged up to 0.9 per cent, but weak domestic demand kept broader price pressures contained.
i-City has appointed Savills Malaysia to operate and reposition CityWalk, an open-air retail destination in Shah Alam, as part of plans to develop the township into an AI and robotics urban centre. The repositioning will support the upcoming 500-unit i-Ris residential tower, targeted for completion
Land 33 Bhd, via its subsidiary Pacific Horizon Sdn Bhd, has agreed to buy a freehold property at 3, Cantonment Road in George Town, Penang, for RM32.3 million in cash. The 46,145 sq ft site currently houses a preschool and will be used to expand the group's land bank for future property development
Pantech Global Bhd proposes to sell a 10.01-acre freehold site in Klang for RM31.73 million in cash, following a review of its expansion plans and prolonged planning timelines. The group expects a net gain of about RM769,000 from the disposal, with proceeds to fund its replacement land and working c
Megaworld Corp.'s 30-hectare Mactan Newtown township in Lapu-Lapu City, Cebu, has been officially designated the city's 'Tourism, Culture, and Investment Capital' under Executive Order No. 2026-072. The designation recognises the mixed-use development's role in tourism, culture and business investme
BUENAVITA Integrated Farm in Mabitac, Laguna, has transformed a neglected eight-hectare family property into a camping destination and food business, with plans to expand into export markets within three years. The farm offers camping, team-building and farm tours, while its food arm produces bottle
The Kremlin said on Tuesday it was discussing problems faced by Russian tech firm Yandex after Ukraine struck three of its data centres. Spokesman Dmitry Peskov said it was too early to assess user losses, but the government was considering the matter as Yandex took urgent steps.
Anthropic said on Monday that small AI models under 30 billion parameters could soon self-replicate on poorly secured internet-of-things devices such as smart ovens and Android TV boxes. The firm warned that if models improve at their historical rate, autonomous replication could be possible by the
Malaysia's Deputy Energy Transition and Water Transformation Minister has proposed requiring data centre operators to generate their own electricity, as the government reviews the sector's energy and water use. The proposal follows a gap between contracted maximum load and actual consumption, with 4
NTT Data Group is in final talks to build a data centre in Osaka for US AI firm Anthropic, its first dedicated facility in Japan. Construction costs could reach ¥1 trillion (US$6.3 billion), with partial operations slated for as early as 2028.
Jardine Matheson CEO Lincoln Pan has warned that Asia's data-centre boom rests heavily on US tech giants, exposing investments to Washington's policy shifts. Speaking at the Milken Asia Summit in Singapore, he said political risk is a key concern, even as private equity pours billions into regional
Office space in Bangkok's Ratchadapisek–Rama 9 area and co-working spaces are facing fierce competition, with landlords offering rent discounts of up to 30-50%, according to Cushman & Wakefield Thailand.
