Ayala Land Inc. has agreed to sell its 50?% share in Alabang Commercial Center Corp, the firm behind the Alabang Town Center Mall, for PHP?13.5?billion (about INR?20,000?crore) to its long?time partner, the Madrigal family. The move is part of Ayala Land�s ongoing strategy to monetise mature assets and reinvest in future growth. The deal, announced earlier this week, will free up capital for the company�s expanding leasing portfolio and shareholder returns. Alabang Town Center has been a significant retail hub since the early 1980s and grew through multiple expansions over the decades.Read more

Tata Consultancy Services (TCS) has expanded its operations in Romania by opening a new office in Bucharest's Floreasca business district, reinforcing its role as a digital engineering hub in Europe. Over 95% of the workforce at this facility comprises Romanian nationals, reflecting TCS focus on local talent. The office complements the recently launched Software-Defined Vehicle (SDV) innovation hub and forms a key part of TCS European delivery network, which serves over 350 clients across 20 countries with more than 15,000 professionals.Read more

China’s residential property prices continued to decline in November, reflecting persistent weakness in demand despite repeated assurances from policymakers. Official data showed both monthly and annual price drops, with pressure visible across new and secondary home markets. Price falls widened across major and smaller cities, underlining the depth of the slowdown that began in mid-2021. Economists expect the downturn to extend into 2026, citing oversupply and fragile buyer sentiment. International agencies and analysts continue to urge stronger, targeted action to address the prolonged property crisis.Read more

South Korea’s financial regulator has decided to continue its bond market stabilisation measures into 2026, citing ongoing risks from domestic and global monetary policy shifts, higher government bond supply, and market volatility. The move covers large bond and short-term money market funds, along with substantial support for real estate project financing. Authorities indicated readiness to step in early if conditions worsen, as bond yields rise and currency movements remain volatile. The decision comes as the central bank signals it may be close to ending its interest rate cut cycle.Read more

HSBC's proposal to take Hang Seng Bank private by acquiring minority-held shares has received key internal approval. An independent committee of Hang Seng's board has assessed the USD 13.6 billion offer and advised minority shareholders to support the transaction. The move comes at a time when Hang Seng is facing sustained pressure from its exposure to the Hong Kong and mainland China property markets. With bond repayments for property developers expected to rise sharply next year, the transaction reflects HSBC's broader strategy of reshaping its Asian banking operations.Read more

UK home sellers lowered asking prices more than usual for this time of year, reflecting caution around the property market following the government's budget. Data from Rightmove showed a steeper monthly decline than the long-term average, with prices also slipping on an annual basis. The slowdown was most visible ahead of new policy clarity, although early signs of recovery have emerged in parts of London's prime market. Despite near-term weakness, Rightmove expects market conditions to stabilise and forecasts moderate price growth and stronger buyer activity in 2026.Read more

Austrian former property tycoon Rene Benko has decided to challenge his second conviction linked to insolvency-related fraud, while prosecutors have also moved to appeal the same ruling, calling it too mild. The case relates to valuables found hidden from creditors following the collapse of his Signa property group, Austria's largest postwar bankruptcy. Benko has consistently denied wrongdoing and has already appealed an earlier conviction handed down in another trial. The legal battle now continues on multiple fronts as investigations into Signa's downfall remain active.Read more

Indonesia’s sovereign wealth fund Danantara Indonesia has acquired a portfolio of real estate assets in Saudi Arabia from Thakher Development Company, marking another step in its overseas property investments. The assets include a hotel property along with land parcels spread across about 4.4 hectares. The transaction signals Danantara’s continued focus on international markets, particularly in the Middle East, where tourism, hospitality, and mixed-use developments have seen steady growth. Saudi Arabia’s ongoing urban and pilgrimage-led infrastructure expansion has drawn rising interest from global institutional investors in recent years.Read more

Saudi-listed Dar Al Majid Real Estate has entered into an agreement to develop a residential tower in Riyadh, marking another addition to its urban housing portfolio in the capital. The announcement, made in the past week, reflects the company's continued focus on residential assets aligned with Riyadh's growing population and housing demand. While specific project details were not disclosed, the agreement comes at a time when private developers are expanding activity to support Saudi Arabia's housing goals under Vision 2030. The move builds on Dar Al Majid's established presence in residential and mixed-use developments.Read more

ESR-REIT Management has proposed the divestment of eight industrial properties in Singapore for an aggregate consideration of SGD 338.1 million. The proposed transaction is expected to result in a net gain of about SGD 2.2 million. The assets form part of the REIT’s local industrial portfolio, which spans logistics, business parks and general industrial facilities. The move reflects ESR-REIT’s ongoing capital management approach, focused on portfolio optimisation, recycling of mature assets and strengthening long-term income stability in a market facing cost and interest rate pressures.Read more