27 Jan 2026

Singapore-listed Straits Trading Company has agreed to sell a logistics property in South Korea through its joint venture, Sky Logis Private Real Estate Investment, for around SGD 378 million, equivalent to approximately USD 296 million. The asset being divested is the Arenas Yeongjong Logistics Center located in Incheon, a key logistics hub serving the Seoul metropolitan region. The buyer has been identified as a major South Korean financial institution acting as trustee of a private trust. Straits Trading holds an effective 47.3 per cent interest in Sky Logis and will realise its share of the proceeds following completion. The company said the transaction is scheduled to close later this month, subject to customary conditions, including regulatory approvals and the fulfilment of standard representations and warranties. The sale forms part of Straits Trading's ongoing portfolio optimisation strategy.Read more

27 Jan 2026

The World Bank has approved a USD 815 million long-term financing package for the 1,125 MW Dorjilung Hydropower Project in Bhutan, where Tata Power holds a 40 per cent stake. The remaining 60 per cent interest in the special purpose vehicle is owned by Bhutan's Druk Green Power Corporation. The funding comprises a mix of grants, credits and loans from the World Bank Group, including support from the International Development Association, International Bank for Reconstruction and Development and the International Finance Corporation. The project, structured under a public-private partnership model, is expected to generate over 4,500 GWh of clean electricity annually, with around 80 per cent of output supplied to India. Once operational, the project is expected to significantly expand Bhutan's installed power capacity and strengthen cross-border clean energy trade.Read more

27 Jan 2026

President Trump has rejected his adviser's suggestion to let Americans use 401(k) funds for home purchases, citing the strong performance of retirement accounts. Despite rising stock markets, he is prioritizing homeownership and affordability through policy measures like restricting institutional investors in housing and instructing the purchase of Fannie Mae and Freddie Mac bonds to lower mortgage rates. However, economists warn that supply constraints and regulatory barriers could limit the impact of these moves, potentially increasing prices if demand rises faster than housing availability.Read more

27 Jan 2026

New Zealand home prices registered a mild increase in December, supported by stronger sales activity earlier in the month, according to REINZ data released in the past week. Seasonally adjusted median prices rose 0.2 per cent from November and were 1.4 per cent higher year-on-year. Although December is typically a slow period for the housing market, activity levels were higher than seen a year earlier in several regions. The data suggests improving buyer confidence as the market shows early signs of stabilisation after a prolonged downturn.Read more

26 Jan 2026

TECOM Group has acquired an integrated university campus in Dubai International Academic City for AED 125 million, as disclosed during the past week. The campus is located within one of the region's largest education-focused districts, home to multiple international universities and training institutions. The transaction strengthens TECOM Group's exposure to education-linked real estate assets and aligns with its broader strategy of expanding income-generating properties across specialised business districts. Dubai International Academic City continues to benefit from steady demand driven by student enrolments and institutional presence.Read more

26 Jan 2026

China's rural banks are struggling to sell a growing number of foreclosed properties despite offering discounts of up to 30%, highlighting the depth of the country's property downturn. Listings on JD.com show sharp increases in bank-led auctions across several provinces, with many properties failing to attract buyers. Falling home prices, weak sales and past developer defaults have eroded collateral values, while maturing COVID-era loans are adding to distressed assets. Analysts warn that foreclosures could rise sharply in the coming years, increasing pressure on banks and the housing market.Read more

25 Jan 2026

Mazagon Dock Shipbuilders Limited (MDL) has acquired a 41.73 per cent stake in Sri Lanka's Colombo Dockyard PLC (CDPLC) through the allotment of 16.49 crore unsubscribed rights shares previously held by Japan's Onomichi Dockyard. This is the first phase of a planned USD 52.96 million investment aimed at reviving Sri Lanka's largest shipbuilding and repair facility. The deal includes a mandatory offer for additional shares under Sri Lanka's takeover rules. The partnership is expected to enhance technical capabilities, integrate supply chains, and expand regional and global shipbuilding and repair opportunities.Read more

25 Jan 2026

Logistea AB has expanded its logistics real estate portfolio with the acquisition of two fully leased properties in the Swedish cities of Trollhattan and Växjö for a combined value of SEK 303 million. The assets, Tunnan 1 and Krysspricken 2, offer a total lettable area of 33,488 sq m and generate annual rental income of SEK 21.7 million, providing stable and immediate cash flows. The deal will be financed through a mix of bank loans and internal funds, with completion expected on February 11, 2026. The acquisition supports Logistea's strategy of investing in income-generating logistics and warehouse assets in strong regional markets with steady tenant demand.Read more

25 Jan 2026

Knowledge Economic City Company has signed a SAR 32.5 million contract with Astra Construction Company for mechanical, electrical, and plumbing works related to the Riyadh Schools Complex. The agreement covers MEP works for buildings within the education project and forms part of the ongoing development activity undertaken by the company. The contract details were disclosed without any indication of unusual terms or financial risks. The development aligns with the company's past focus on delivering infrastructure and institutional projects through phased execution.Read more

24 Jan 2026

Unimech Aerospace and Manufacturing Ltd, based in Bengaluru, has partnered with Yusuf Bin Ahmed Kanoo Company Ltd (YBA Kanoo) to form a joint venture in Dammam, Saudi Arabia. The new entity, YBAK Unimech Advanced Manufacturing Solutions, will see Unimech hold 51 percent and YBA Kanoo 49 percent. With a phased investment of around USD 30 million, the facility will provide advanced CNC machining and API compliant remanufacturing services for the local oil and gas sector. The venture is projected to generate USD 80 million in cumulative revenue over five years and supports Saudi Arabia's industrial localisation objectives.Read more