24 Mar 2026

A US district court has struck down a Treasury Department rule that required disclosure of beneficial ownership in all-cash real estate transactions. The rule, introduced in 2024 by the Financial Crimes Enforcement Network (FinCEN), aimed to curb money laundering by expanding reporting requirements nationwide. The court ruled that the agency exceeded its authority and failed to justify treating all non-financed transactions as suspicious. The decision marks a setback for efforts to tighten oversight in the real estate sector, where billions of USD have reportedly been laundered over the years.Read more

24 Mar 2026

A regional aircraft operated by Air Canada Express was involved in an on-ground collision with a vehicle at New York's LaGuardia Airport, leading to temporary closure and operational disruption. The aircraft, arriving from Montreal, struck a fire truck at low speed, causing visible damage to its nose. Reports indicated that four individuals, including the pilots, were injured. Flights were diverted or returned, impacting passenger movement. The incident has drawn attention to airport ground safety, especially at one of the busiest airports in the United States handling over 30 million passengers annually.Read more

24 Mar 2026

New Zealand's economy is facing renewed pressure as its long-standing reliance on a strong housing market to drive recovery is not working this time. Despite sharp interest rate cuts by the Reserve Bank of New Zealand, property prices remain significantly below their pandemic peak. Global uncertainties, including the ongoing Middle East conflict, have added to borrowing cost pressures. Weak demand, rising unemployment, and stalled construction activity are further slowing recovery. At the same time, migration outflows and halted real estate projects are worsening the imbalance, raising concerns about how the country will revive growth without support from its housing sector.Read more

24 Mar 2026

Kerry Properties Ltd reported a full-year profit attributable of HKD 938 million, with total revenue reaching HKD 19,568 million. The company also announced a final dividend of HKD 0.95 per share, reflecting its continued commitment to shareholder returns despite a challenging market environment. The results indicate a stable operational performance, though the relatively moderate profit figure may point to ongoing pressures in the real estate sector. Kerry Properties, which has a strong presence in Hong Kong and mainland China, continues to focus on maintaining financial stability and disciplined growth amid evolving market conditions.Read more

24 Mar 2026

Dubai's property market is showing early indications of weakening amid ongoing geopolitical tensions linked to the US Israel conflict with Iran. Transaction volumes in the UAE have declined sharply, with estimates indicating a 37 per cent year-on-year drop and a 49 per cent month-on-month fall in early March. Some sellers have begun offering discounts of 12-15 per cent, particularly in premium locations such as areas near Burj Khalifa and Palm Jumeirah. While analysts point to increased downside risks, including slower population growth and potential price corrections, market participants note that activity continues, with selective demand emerging for discounted assets. The situation reflects evolving investor sentiment in a market previously driven by strong capital inflows.Read more

24 Mar 2026

A United States district court has struck down a Treasury Department rule that required disclosure of beneficial ownership in all-cash real estate transactions, dealing a setback to efforts to curb money laundering in the property sector. The rule, introduced by the Financial Crimes Enforcement Network in 2024, aimed to expand existing disclosure requirements nationwide. The court held that the agency had exceeded its statutory authority and failed to justify treating such transactions as inherently suspicious. The decision restores the earlier framework under which disclosure rules applied only in select cities. The ruling comes amid concerns over illicit funds flowing into real estate, with estimates indicating billions of dollars laundered through US property markets.Read more

24 Mar 2026

Janus Living, a senior housing-focused real estate investment trust, has raised USD 840 million through an upsized initial public offering in the United States after pricing shares at the top end of the indicated range. The company sold 42 million shares at USD 20 each, exceeding its initial plan of 37 million shares. Carved out from Healthpeak Properties, the REIT operates 34 senior living communities across 10 states, with a concentration in Florida and Texas. Healthpeak will retain a controlling stake post-listing. The offering comes amid volatile market conditions, highlighting continued investor interest in senior housing assets driven by demographic demand in ageing populations.Read more

23 Mar 2026

Zenlayer has introduced its Fabric Port service in Singapore, aiming to simplify how enterprises connect and expand their digital infrastructure globally. The service acts as a single access point, allowing businesses to create virtual connections to cloud platforms, data centres, internet exchanges, and network providers. With support for speeds up to 400 Gbps, it is designed to meet the needs of distributed AI infrastructure requiring fast and reliable connectivity. Singapore has been chosen as the first launch market due to its role as a key global interconnection hub, with plans to expand to other major regions.Read more

23 Mar 2026

Singapore's High Court has dismissed applications by Standard Chartered Bank (Singapore) and BSI Bank to participate in winding-up proceedings involving entities linked to the 1Malaysia Development Berhad (1MDB) case. The court ruled that the banks did not have legal standing in four cases initiated by British Virgin Islands-based companies in liquidation, including entities holding real estate-related assets. The proceedings are part of efforts to recover funds allegedly misappropriated from the Malaysian sovereign wealth fund. The ruling follows an earlier decision rejecting attempts by liquidators to pursue claims against the banks in Singapore, reinforcing legal limits on participation in cross-border insolvency matters.Read more

23 Mar 2026

Australian superannuation fund Rest has committed up to USD 250 million (approximately INR 2,075 crore) to a US retail property fund managed by Nuveen Real Estate, signalling continued institutional interest in stable, income-generating assets. The investment will be directed towards the US Cities Retail Fund (USCRF), which focuses on neighbourhood shopping centres anchored by grocery and essential retail tenants across major metropolitan markets. The fund currently holds 10 assets, with additional properties being added to its portfolio. Rest expects the investment to deliver steady, risk-adjusted returns while enhancing diversification within its global real estate holdings. The move comes amid resilient consumer spending trends in the United States, supporting demand for necessity-driven retail formats.Read more