1 hour ago

UK housebuilder Vistry expects a stronger second half of the year despite forecasting a first-half pre-tax loss of GBP 30 million (USD 40 million). The company has outlined a strategic overhaul led by Chief Executive Adam Daniels, focusing on cost reductions, lower land purchases, a smaller regional footprint and the discontinuation of part-exchange operations to improve profitability and reduce debt. While first-half completions declined to around 6,100 homes due to delays in partner-funded developments, Vistry maintained its full-year adjusted profit guidance of GBP 200 million. The builder also expects to end the year with net cash exceeding GBP 100 million, supported by higher open-market sales, investment partner projects, government affordable housing grants and the impact of its restructuring programme.Read more

4 hours ago

At least 28 people were killed after a fire broke out at a footwear manufacturing factory in Jinjiang, Fujian province, in southeastern China. The blaze, which erupted around midday earlier this week, engulfed the multi-storey building and trapped several workers on the rooftop as thick smoke spread through the premises. Of the 239 people present at the factory, 213 were evacuated, while 26 workers initially reported missing were later confirmed dead. Chinese President Xi Jinping called for an all-out rescue effort, a swift investigation into the cause of the incident and strict accountability for those found responsible. Company personnel have been detained and the firm's bank accounts frozen.Read more

6 hours ago

Modon Holding and ADIB have introduced Abu Dhabi’s first off-plan home financing solution, allowing eligible buyers to secure financing of up to 75% for off-plan residential properties. The financing option will initially be available only for future Modon developments. Under the payment structure, buyers will pay 15% during the construction phase, while the remaining 5–10% will be payable at the time of handover. The initiative is aimed at improving access to home financing and supporting homebuyers purchasing under-construction properties in Abu Dhabi.Read more

8 hours ago

Fletcher Building has raised its operating earnings guidance for FY26 after stronger-than-expected performance in its manufacturing and distribution businesses. The revised outlook pushed the company's shares to a four-month high during early trading. While improved sales volumes and expected earnings from surplus property sales supported the upgrade, the company cautioned that higher input costs and economic uncertainty could affect recovery in FY27. It also highlighted delays and cancellations of new commercial projects amid rising inflationary pressures and increasing borrowing costs in New Zealand.Read more

10 hours ago

Thailand's Board of Investment (BOI) has approved new investment proposals worth USD 1.99 billion, with projects led by Nestlé, Thai Airways, Japan's Datasection Inc. and South Korea's Donsan Group. Announced in the past week, the approvals include USD 688.7 million for Nestlé's coffee production expansion in Samut Prakan, USD 430.2 million for Thai Airways to lease eight aircraft, and USD 235.2 million for high-performance GPU server infrastructure in Bangkok and Pathum Thani. South Korea's Donsan Group will also invest USD 180.2 million to manufacture copper-clad laminate and prepreg for printed circuit boards. The investments span food manufacturing, aviation, digital infrastructure and electronics, reflecting Thailand's continued efforts to attract large-scale industrial investment.Read more

16 hours ago

Indonesia expects its proposed international financial centre to attract investments of between IDR 300 trillion and IDR 500 trillion (USD 16.7 billion–USD 27.8 billion), according to a senior Finance Ministry official. Announced in the past week, the project is intended to encourage the establishment of new foreign bank branches and business entities, although the location of the financial hub has yet to be finalised. The Indonesian government is currently deliberating legislation that will govern the project, including its legal framework and tax incentives. Proposals under discussion include full corporate income tax exemptions for eligible businesses and value-added tax (VAT) exemptions on goods and services within the financial centre, as the government seeks to strengthen Indonesia's position as a regional financial hub.Read more

12 Jul 2026

Indian engineering and infrastructure companies are exploring business opportunities in South Africa as the country moves ahead with plans to modernise its rail and logistics network. During the Africa Rail Expo, Indian firms held discussions with local stakeholders and signed new partnership agreements, reflecting growing commercial ties between the two countries. Indian officials highlighted the country's experience in rail infrastructure, ports and power systems, while companies showcased technologies ranging from rail construction and welding equipment to insulation materials, with some even considering local manufacturing in South Africa.Read more

12 Jul 2026

AIMS APAC REIT has announced plans to acquire a 9.15-hectare freehold industrial land parcel in Perth, Australia, for AUD 42.7 million. The proposed acquisition is part of the REIT’s strategy to strengthen its industrial property portfolio and increase its presence in Australia. Industrial assets have remained a key focus for the trust due to continued demand for logistics and warehousing facilities. The transaction is expected to support the REIT’s long-term portfolio growth while expanding its exposure to strategically located industrial real estate.Read more

12 Jul 2026

Nivika Fastigheter AB reported higher earnings for the second quarter, supported by continued growth in rental income. Profit from property management rose 17% year-on-year to SEK 76 million, while total rental income increased 16% to SEK 223 million. The results indicate steady operational performance and sustained income from the company's property portfolio. The company has been focusing on expanding and managing its real estate assets, with recurring rental income continuing to support its financial performance.Read more

12 Jul 2026

Dubai's real estate market recorded its highest-ever monthly rental activity in June, with 40,022 tenancy contracts registered, according to market data released by fäm Properties using DXBinteract records. The month also witnessed 13,933 property sales worth AED33.2 billion, representing month-on-month increases in both transaction volume and value. During the second quarter, Dubai registered 38,157 property transactions valued at AED110.2 billion, taking first-half sales to 86,077 deals worth AED286.2 billion. Apartments, villas, commercial assets and land all reported stronger sales activity, while Dubai South retained its position as the emirate's most active property market for the fourth consecutive month.Read more