29 Dec 2025

Hong Kong's private home prices rose for the sixth straight month, increasing 0.9% month-on-month in November, supported by lower interest rates and stronger equity markets. Prices are up 2.8% so far this year, reversing declines seen since 2021, though values remain well below their peak. Government support measures and rate cuts have helped sentiment, but demand is still cautious. Analysts see signs of the market stabilising, with future price trends hinging on further rate cuts and external economic risks.Read more

29 Dec 2025

GMR Group has qualified to submit a bid for the proposed Taif International Airport project in Saudi Arabia, which carries an estimated investment value of USD 800 million. The airport development will be executed under a public-private partnership model on a build-transfer-operate basis, with a concession period of 30 years, including construction. Several international consortiums have also cleared the qualification stage for the bidding process. The new airport is planned to include a passenger terminal, support facilities, utilities, parking and access infrastructure, along with provisions for future expansion. The project is expected to cater to long-term traffic growth and support regional aviation demand, including Umrah-related travel.Read more

29 Dec 2025

Georgia has placed a key section of its national railway network into operation following the completion of a long-running modernisation project executed by China Railway 23rd Bureau Group. The upgraded line links Zestaponi and Khashuri in central Georgia and strengthens the country's east-west rail corridor. The project involved extensive renovation of existing tracks and new construction under difficult geological conditions. Authorities expect the railway to improve travel efficiency, expand freight capacity, support regional economies and strengthen Georgia's role in transcontinental trade routes connecting Asia and Europe.Read more

29 Dec 2025

Russia has outlined plans to establish a power plant on the moon by 2036 to support its lunar programme and a joint research station with China. Led by Roscosmos, the project involves key nuclear institutions, indicating the use of nuclear energy, although this has not been formally stated. The facility is expected to power rovers, scientific equipment and station infrastructure. Similar plans are underway in the United States, reflecting intensifying global competition over lunar exploration, long-term scientific presence and access to potential resources.Read more

28 Dec 2025

Turkey's capital markets regulator has imposed fines totalling about 2 billion lira, equivalent to around USD 47 million, on 19 individuals for carrying out transactions that disrupted the market in shares of Peker Gayrimenkul Yatirim Ortakligi, a listed real estate investment trust. The authority has also initiated criminal complaints linked to trading activity in several other listed companies across insurance, investment, brokerage and renewable energy segments. Peker REIT has stated that it has no involvement in the trades under scrutiny or the related administrative actions.Read more

28 Dec 2025

BP has agreed to sell a 65% stake in its Castrol lubricants business to US-based private equity firm Stonepeak for about USD 6 billion. The transaction values Castrol at USD 10.1 billion and forms a key part of BP's wider plan to divest USD 20 billion of assets to cut debt and improve shareholder returns. BP will retain a 35% holding through a new joint venture and plans to use the proceeds, including USD 800 million earmarked for dividends, to reduce net debt. The deal is expected to close by the end of 2026.Read more

28 Dec 2025

Scentre Group has agreed to sell a near 20% stake in its flagship Westfield Sydney mall to the Australian Retirement Trust for AUD 864 million, or about USD 575.68 million. The deal values the asset in line with its June 2025 book value and follows earlier asset sales, including a major stake sale at Westfield Chermside. Scentre will retain an 80.1% interest in Westfield Sydney and plans to use the capital to support residential development across its land holdings.Read more

27 Dec 2025

State-owned NBCC (India) Ltd has taken a significant step towards international expansion by acquiring nearly 15,000 sq ft of prime land in Dubai Mainland for AED 15 million, equivalent to around INR 37 crore. The land will be developed into a mixed-use real estate project and marks NBCC's formal entry into overseas real estate development. The acquisition has been executed through NBCC Overseas Real Estate LLC, a wholly owned subsidiary set up to spearhead the company's international operations. The move aligns with NBCC's strategy to diversify its real estate portfolio beyond India and tap into the growing demand in the Dubai property market, which continues to attract strong interest from Indian developers and investorsRead more

27 Dec 2025

The White House is set to present further details of President Donald Trump's proposed East Wing ballroom at a federal planning commission hearing scheduled for January 8. The project, estimated by Trump at USD 400 million, has drawn legal challenges from preservation groups and criticism from Democratic lawmakers, who allege misuse of presidential authority and are probing its funding. While parts of the former East Wing have already been demolished, regulators have so far avoided a full review. A broader public review process is expected in the coming months.Read more

27 Dec 2025

Goodman Group has signed a AUD 14 billion, or USD 9.32 billion, partnership with Canada Pension Plan Investment Board to develop data centres in Europe. Structured as a 50:50 venture, the platform will initially commit AUD 3.9 billion to four projects in Frankfurt, Amsterdam and Paris, offering a combined 435 MW of power capacity. The projects are development-ready and expected to commence construction by 30 June 2026. The phased transaction is expected to close by March 2026, boosting Goodman's growing global data centre strategy.Read more