Office, retail, industrial and logistics property, hospitality assets and the data centre pipeline.
Fitch Solutions unit BMI says the Philippines must use its subsea connectivity and secure power supply to compete for hyperscale data centre deployments as neighbouring markets near saturation. The country has 43 MW under construction and 221 MW planned, with a target of 1.5 GW of capacity by 2028.
Australia's largest property company, Goodman Group, has withdrawn its development application for the A$1.2 billion Project Mars data centre in Lane Cove, Sydney, following fierce local opposition. The 90-megawatt facility would have been located just 20 metres from homes.
Cushman & Wakefield has been appointed by Stavian High-Tech Infrastructure Corporation to conduct a feasibility study for Stavian Digital Park, a proposed hyperscale digital technology park in Ho Chi Minh City. The study, funded by the U.S. Trade and Development Agency, will assess market demand, po
Semiconductor industry players have committed more than S$500 million (US$390 million) to research and development projects in Singapore over five years from 2026, exceeding the over S$400 million spent between 2020 and 2025, according to A*STAR. The investment aims to sharpen Singapore's edge in ad
GUH Holdings Bhd has received the final CNY39 million compensation payment for the repossession of its state-owned land use rights in Suzhou, China, completing the disposal. The total compensation of CNY195.01 million (RM114.90 million) covers the industrial site and buildings at 588 Changjiang Road
The unit pricing pilot programme in Singapore will expand from 1 Oct 2026 to cover more supermarket operators and a wider range of grocery items, including online stores for the first time. Operators Don Don Donki and RedMart will join existing participants NTUC FairPrice, Sheng Siong, Prime Superma
Perak state executive councillor Loh Sze Yee says discussions with local and foreign investors for Tanjong Malim's automotive ecosystem continue after BYD dropped plans for an assembly plant there. Loh declined to identify the parties or disclose potential investment values. Separately, Setia Awan L
Japan's services producer price index rose 3.7% in August from a year earlier, the fastest annual pace since June 2024. The increase, driven by freight, advertising and rental lease fees, keeps the Bank of Japan on track for further rate hikes after it raised rates to 1.25% this month.
Sunway Healthcare Holdings Bhd, through its 99.9%-owned subsidiary Sunway Medical Centre Sdn Bhd, has signed a RM10.79 million deal to acquire a 2.1-acre freehold parcel in Bandar Seremban, Negeri Sembilan. The site will be developed into a medical centre, with completion expected in Q1 2028.
Penang expects about 70,000 sq ft of additional space for its Penang Silicon Design @5KM+ initiative to become available by early 2027 as it moves ahead with Campus II. GBS@Mayang in Bayan Baru is one location identified for the new campus, though the state has not confirmed if it will accommodate a
Taiwan Semiconductor Manufacturing Co intends to build five additional advanced packaging plants at Chiayi Science Park, which would bring its total there to 10. The National Science and Technology Council has opened a public comment period for the park's Phase III development, estimated at 198.65 h
Megawide Construction Corporation posted a 22 per cent increase in first-half net income to P532 million as of June 2026, supported by growth across its construction, real estate and transport businesses. The company aims to deliver 100,000 socialised housing units over the next five to seven years
The Association of Chain and Franchise Promotion, Taiwan reported that 9.5% of convenience stores nationwide did not operate around the clock in 2022, with the share expected to rise this year due to labour shortages and a low birthrate. Operators including 7-Eleven and FamilyMart have adjusted hour
Singapore has emerged as the world's top destination for cross-border commercial property investment, with deals reaching S$10.3 billion in the first half of 2026. Global international property investment jumped 56 per cent to US$71.8 billion, driven by a resurgence in office sector deals across Asi
Singapore-listed UOL, part of the Wee family's business empire, is in discussions to acquire the combined 100 per cent stake held by New World Development and the Abu Dhabi Investment Authority in the Hyatt Regency Hong Kong, Tsim Sha Tsui. The deal, valued at HK$382 million (S$66 million), would se
Selangor's planning department has approved Draft Amendment 3 to the Kuala Langat Local Plan 2030, pending state gazettement. The amendment rezones 601 lots across 37,073.70 acres, with Carey Island as its strategic centrepiece, positioning the island as a port-industrial platform linked to the IDRI
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%.
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