Industries.

Mi Technovation subsidiary buys Singapore industrial hub for S$103.88mn
The Malaysian firm's wholly-owned subsidiary, Ohima International, is establishing a global operational hub for its vehicle technologies unit in the seven-storey building.

Mapletree Pan Asia Commercial Trust grapples with China property issues
Singapore-listed Mapletree Pan Asia Commercial Trust (MPACT) reported a 3.5% decline in Q2 distribution per unit, as its CEO described China assets as "our biggest pain."

Vingroup hits first $1.1bn quarterly profit on property sales
The Vietnamese conglomerate's revenue nearly quadrupled in the third quarter, driven by strong real estate performance and significant capital raising.

BlackRock's HPS invests S$555m in TBS waste platform
The multi-tranche commitment will fund Jakarta-based TBS Energi Utama's expansion and acquisitions across Singapore, Indonesia, and other Asian markets.

Philippines opens NLEX C5 Northlink, free passage until 2026
President Ferdinand Marcos Jr. announced the new section, connecting Quezon City and Valenzuela City, will waive tolls for motorists through 31 December 2026.

Keppel joins Vietnam financial centre, targets $1 billion real estate funds
Singapore's Keppel Ltd. has become an inaugural member of the Vietnam International Financial Centre (VIFC), planning to attract up to US$1 billion for property developments in the country.

Hong Kong Home Prices Decline 0.8% in Q3, Rents Climb
Hong Kong's lived-in residential property prices fell for the first time in over a year during the third quarter of 2026, even as September saw a second consecutive monthly increase.

OUE REIT acquires half-stake in Sydney Salesforce Tower for $864 million
Singapore’s OUE Real Estate Investment Trust purchased the interest from Chinese insurer Ping An, in a transaction confirmed over the weekend.

Colliers markets S$85.2m Hillview Terrace industrial portfolios
Colliers is offering two distinct industrial property portfolios in Singapore's Hillview Terrace, valued at a combined S$85.23 million across approximately 50,980 sq ft of land.

Manila Pushes Housing Amid 79,200 Unsold Condos
Pag-IBIG Fund disbursed P69.19 billion for housing in H1 2026, while Colliers noted 79,200 unsold Metro Manila condos by end-2025.

Singapore HDB Finalises 11,000 Homes for Maju Forest, Gillman Barracks
Singapore's Housing & Development Board (HDB) will deliver 9,500 public and 1,500 private units, with development works beginning from late 2027 and more green space retained.

AirTrunk Secures A$4.25bn Green Loan for Sydney Data Centre
The Blackstone-backed hyperscaler obtained financing from 32 institutions to expand its SYD3 campus in Western Sydney, targeting completion by mid-2028.

Singapore Central Office Rents Up 0.8% Q3 2026, Vacancy at 10%
The Urban Redevelopment Authority reported central region office rents increased 0.8% in Q3 2026, while the islandwide vacancy rate dropped to 10%.

Daewoo E&C integrates AI for construction safety, efficiency
The Korean builder is deploying real-time translation, automated safety monitoring, and digital management systems to cut workplace risks and streamline operations.

HK Developers Shift to China Commercial Amid Weak Home Sales
Hong Kong's major property firms are redirecting mainland China investments from residential units to commercial assets like hotels, citing weak home sales and limited new opportunities.

Keppel Reit buys 51% of Keppel South Central for S$610.9 million
The acquisition from sponsor Keppel includes a guaranteed S$2.23 million monthly income for up to five years, enhancing the Reit's Singapore office market presence.

Keppel REIT's S$610.9 Million Singapore Property Deal Splits Analysts
Keppel REIT's proposed S$610.9 million acquisition of a 51 per cent stake in the newly completed Keppel South Central in Tanjong Pagar has drawn mixed reactions from research houses.

Central Pattana Expands Phuket Luxury Zone, Targets Q2 2027 Opening
Central Pattana Plc (CPN) is adding 14 rai to its Central Phuket development, doubling the luxury retail area with a 26 billion baht investment, with the first phase opening in Q2 2027.

Keppel Reit acquires 51% stake in Singapore CBD office for S$626.2 million
The deal boosts the Reit's Singapore office presence to 82% and forecasts a 2.01% distribution per unit uplift, with completion expected by Q2 2027.

NEC, Alcatel Vie for MViSTA Cable Contract in Southeast Asia
The $400 million MViSTA undersea cable, linking Thailand, Malaysia, Vietnam and Singapore, expects to enter service in late 2028.

Thailand's SRT Sues CP Group Consortium for B13.3 Billion Rail Debt
The State Railway of Thailand initiated legal action over a stalled 224-billion-baht high-speed link meant to connect three airports in the Eastern Economic Corridor.

Singapore Industrial Rents Rise on AI Demand, JTC Reports
JTC reported Singapore's industrial property rents increased 0.5% quarter-on-quarter in Q3 2026, with prices climbing 1%, as demand from artificial intelligence sectors bolstered the market.

Keppel Reit Buys S$610.9 Million Stake in Singapore Office
Keppel Reit secured a 51 per cent interest in Keppel South Central from its sponsor, Keppel, on Tuesday, enhancing its presence in Singapore's prime office sector.

LHN launches eldercare pilot with five Singapore units
Mainboard-listed LHN Group has introduced Jubiliv, a new eldercare offering under its facilities management division, starting with five units at 31 Boon Lay Drive.

New World, China Merchants Eye 2028 Hong Kong Presales
The joint venture targets a market recovery for its Pak Shing Kok residential project, as New World Development issues US$189.3 million in new bonds.

Singapore Eases En Bloc Consent for Older Properties, Eyes ABSD Relief
Parliament approved lower consent thresholds for collective sales of developments aged 40 years and older, aiming to accelerate urban renewal. Owners may need Additional Buyer's Stamp Duty concessions for replacement homes.

EQT acquires Cleanaway Waste Management for A$9.3 billion
Global private equity firm EQT will purchase all shares in the ASX-listed waste management company, offering A$3.095 cash per share for the Australian firm.

Singapore Office Rents Climb 2% in Q3 as AI Demand Tightens Vacancy
Core Central Business District Grade A vacancy fell to 2.6% in the third quarter, with full-year rental growth forecast to exceed 5%.

Keppel REIT acquires 51% of Keppel South Central for $626.2m
The acquisition from sponsor Keppel Limited includes a five-year income support arrangement, contributing to an initial property yield of 4.3%.

Tokyo rule, higher rates cool Japan property foreign investor interest
Tokyo's new requirement for all property buyers to declare nationality, combined with rising interest rates, could slow investment flows after a strong run.