Newsline

Class A office vacancy in Seoul, South Korea, rose by 0.2 percentage points quarter over quarter, while face rents increased 4.9 percent year over year, according to Newmark in its “Q3 2026 Seoul Office Market Report,” which highlights that tenant relocations are reshaping leasing conditions across Seoul.

DayOne Data Centers, a Singapore-headquartered global digital infrastructure platform, has surpassed 1 gigawatt of billings. This follows the recent upsize of its senior secured multicurrency syndicated term financing in Malaysia to approximately $7.2 billion in total.

Malaysia-based IOI Properties Group is in exclusive negotiations to acquire two commercial real estate assets in Singapore for a potential combined value of S$979 million ($763 million), according to South China Morning Post.

Invesco Real Estate (IRE), the global real estate investment business of Invesco Ltd., has launched a purpose-built student accommodation (PBSA) operating platform in Seoul, South Korea, with PCP Standard.

A consortium of investors linked to Singapore-based Keppel Ltd. is seeking to sell a commercial complex in Shanghai for approximately RMB 3 billion ($448 million), representing a 35 percent discount to its 2019 acquisition price, according to Mingtiandi.

Global construction costs are settling into a permanently higher baseline, altering real estate capital planning, development feasibility and asset viability across sectors worldwide. According to JLL’s “Global Construction Costs Index 2026” report, global pressures on the industry have established a new annual cost escalation baseline of 3 percent to 6 percent, well above the pre-2020 norm of 2 percent to 3 percent.

Singapore-based OUE Real Estate Investment Trust (OUE REIT) is moving to acquire a 50 percent stake in Sydney’s Salesforce Tower from Ping An Real Estate for approximately A$864 million ($601 million), according to realestatesource.

CapitaLand Investment Ltd. (CLI) has reaffirmed its long-term commitment to expand its data center, logistics and industrial portfolio in Tamil Nadu, India, through its listed and private funds.

AI is expected to reshape how people work across Asia Pacific, but demand for office space is likely to remain resilient.

GRESB has released “Know Your Grid: How Cleaner Electricity Shapes Real Estate Capital Planning.” The new research examines how the interaction between buildings and grid carbon intensity trajectories can inform capital planning across real estate portfolios.

Daiken Investment Australia, a subsidiary of Taiwanese digital health company Daiken Biomedical, has acquired an office building in Brisbane, Australia, from Forza Capital for A$81 million ($55.93 million), according to IPE Real Assets.

Assembly Funds Management (AFM) and PGIM have agreed to sell Coburns Central, a neighborhood shopping center in Melton West, Australia, to HMC Capital for one of its unlisted real estate funds.

Real estate investment activity across key Asia Pacific markets has remained resilient despite higher borrowing costs, with investors focusing on rental growth, asset repositioning and alternative property sectors, according to a CBRE report.

Princeton Digital Group (PDG), a data center operator in Asia Pacific, has agreed to sell its enterprise data center business in Indonesia to PT SMPlus Digital Investama (SM+), a digital infrastructure and services investment platform backed by Sinar Mas, one of Indonesia’s largest conglomerates.

SC Capital Partners Group has completed an investment in a 40-megawatt AI data center development in Pohang, South Korea.

Thailand is positioned to benefit from structural shifts reshaping Southeast Asia’s real estate markets, according to JLL’s latest research report, “Planning for a Multipolar World: Real Estate Strategies Across Southeast Asia in 2026 and Beyond.

RAM Asset Management has acquired Arcadia Pittwater Private Hospital in Warriewood, Sydney, for A$39.5 million ($25.9 million), according to a report by realestatesource.

Asia-focused investment firm PAG is in exclusive negotiations to acquire a majority stake in Evergrande Property Services, the property management unit of China Evergrande Group, according to Reuters.

GPT Wholesale Office Fund has placed major Australian office assets on the market as it works to meet approximately A$1.5 billion ($1.04 billion) in investor redemption demands, according to The Australian.

ESR has announced plans to expand into the Middle East, with a strategy to establish a long-term logistics real estate and data center platform across the Gulf Cooperation Council (GCC).