21 Jan 2026

Eco World Development Group Bhd's subsidiary, Mutiara Balau Sdn Bhd, has terminated its proposed acquisition of a freehold commercial land parcel in Mukim Semenyih, Ulu Langat, Selangor. The 22.73-acre land was to be purchased for about INR82.19 million from Boustead Balau Sdn Bhd, with Boustead Properties holding a minority stake in the unit. The SPA, signed last year, required certain conditions to be met within a specified period. The land was intended to expand commercial offerings in EcoWorld's Eco Radiance township and support the township's long-term development plans.Read more

21 Jan 2026

Exsim Hospitality Bhd's unit has accepted a work order from Exsim Kebun Teh for renovation and other works at the Johor sales gallery, with a contract value of 2.4 million RGT. The project includes structural upgrades, interior improvements, and functional enhancements to the gallery. The company has previously handled similar projects, demonstrating its expertise in timely delivery and quality execution. This order continues Exsim Hospitality's focus on providing in-house project support to affiliated entities and expanding its footprint in property and hospitality development projects.Read more

20 Jan 2026

The Trump administration is preparing a housing policy proposal that would allow Americans to use a portion of their 401(k) retirement savings toward home down payments, according to White House economic adviser Kevin Hassett. The initiative aims to ease housing affordability pressures at a time when high mortgage rates and elevated home prices have sidelined many potential buyers. Details of the plan are expected to be announced next week, with officials indicating that safeguards are being considered to ensure retirement security is not undermined. The proposal forms part of a broader effort by President Donald Trump to stimulate housing demand and address economic headwinds ahead of the November midterm elections. While investors are watching closely, analysts caution that structural supply constraints may limit the effectiveness of demand-side measures alone.Read more

20 Jan 2026

SL Green Realty Corp has completed the acquisition of Park Avenue Tower, expanding its Manhattan office portfolio. The purchase enhances the company';s presence in a prime business corridor and aligns with its strategy of acquiring high-quality, long-term assets. While financial terms were not disclosed, the deal is expected to contribute to rental income growth and overall property performance. This addition continues SL Green's pattern of strategic real estate investments and redevelopment projects in New York, reinforcing its position in the city's commercial property market.Read more

20 Jan 2026

Masar, under Umm Al Qura for Development and Construction, has awarded two significant superstructure contracts valued at SAR 3.2 billion and SAR 899 million for Packages A and B, respectively. The projects will include seven hospitality towers and two shopping centers, marking a major step in the company's ongoing expansion in the hospitality and retail sectors. These contracts aim to speed up construction, enhance Masar's development portfolio, and support regional infrastructure growth, reinforcing the company's strategic focus on high-value, large-scale urban projects.Read more

20 Jan 2026

CNQC International Holdings Ltd has secured four new construction contracts in Hong Kong, with a combined value of HKD 1.79 billion. The contracts highlight the company's strong position in the region and its ability to manage multiple large-scale projects. While specific project details and timelines were not disclosed, CNQC's track record in delivering complex construction work makes these wins significant for its growth. Industry analysts consider this development a positive sign of the company's continued expansion in Hong Kong's competitive construction sector.Read more

20 Jan 2026

BlackRock reported record assets under management of USD 14 trillion in the fourth quarter, driven by a market rally and strong inflows into equity, fixed-income, and private market products. Quarterly profit surpassed Wall Street expectations, rising to USD 2.18 billion or USD 13.16 per share, supported by higher fee income and performance from private markets. Long-term net inflows reached USD 267.8 billion, with ETFs remaining a key growth driver. The company increased dividends and expanded share buybacks, reflecting its strategy to diversify revenue through private markets, infrastructure, and AI-linked assets.Read more

20 Jan 2026

Saks Global is leveraging its prime real estate portfolio to navigate Chapter 11 bankruptcy following a debt-laden consolidation of Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus. The company secured a $1.75 billion financing package to maintain operations while reviewing underperforming stores. Analysts suggest strategies such as sale-leaseback agreements and targeted closures of dark stores to monetize assets. Internal competition with Neiman Marcus and pressure from luxury brands with direct-to-consumer stores adds to challenges. Prime mall locations could be repurposed, reflecting a broader shift in retail strategies for high-value properties.Read more

20 Jan 2026

Canadian home sales fell 1.9% in 2025 to 470,314 units, influenced by an early-year slowdown from U.S. tariffs, with December sales and prices also declining. CREA highlighted uneven slowdowns across major cities and advised against extrapolating December trends into the new year. Sales are expected to rebound as spring approaches, supported by lower interest rates and ongoing demand. CREA forecasts a 5.1% increase in sales and a 2.8% rise in average prices this year, led by British Columbia and Ontario, with continued growth projected into 2027.Read more

20 Jan 2026

Home REIT, a UK social housing company, is under investigation by Britain's Serious Fraud Office for an estimated GBP 300 million (USD 404 million) in suspected bribery and fraud. Six individuals linked to the company's former management have been arrested. Home REIT raised over GBP 850 million in its first three years to acquire and restore properties for vulnerable groups, promising investor returns through rental income. Concerns over property valuations and tenant payment capacity emerged in late 2022, leading to the suspension of trading. The SFO has searched multiple sites, including a property in Italy.Read more