ESR has named Dalmar Sheikh as Chief Executive Officer of ESR Data Centres, starting 1 September 2026. Working from Singapore, Sheikh will direct the strategy and expansion of the group's digital infrastructure operations across Asia-Pacific. The platform currently holds a project pipeline exceeding 3.2 GW in key regional markets including Japan, South Korea and Australia.
Keppel has secured 50 MW of new data centre capacity in Singapore to build an AI-ready facility on Jurong Island. The project, named Keppel DC SGP 11, will involve an investment exceeding S$1 billion. It was granted under the second Data Centre Call for Application, a competitive process jointly managed by the Economic Development Board and the Infocomm Media Development Authority that drew over 20 proposals.
CapitaLand Ascott Trust has agreed to acquire Coliwoo Midtown in Singapore for S$134.0 million, funded by proceeds from its divestment of The Robertson House. The transaction offers a 4.1% EBITDA yield and is expected to raise Distribution per Stapled Security by 2.4%. Completing in 4Q 2026, the deal includes a 10-year triple-net master lease, expanding CLAS' living sector portfolio to 19.5% of total value.
A consortium led by Frasers Property has submitted the highest bid of S$2.1 billion for the Bayshore Drive mixed-use site in Singapore. Spanning over 57,000 square metres, this key parcel will form the only integrated transport, retail and residential hub in the new Bayshore precinct, linking directly to Bedok South MRT station and a new bus interchange.
A joint venture consisting of Frasers Property, CSC Land Group and Sekisui House has announced the upcoming preview of Dunearn House in Singapore. The 380-unit private housing complex is the first and tallest residential development planned within the new Bukit Timah Turf City masterplan. Located in District 11, the 99-year leasehold property will open for previews on 10 July 2026, with sales starting on 25 July 2026.
Vietnamese developer Sun Group has formed a strategic alliance with Singaporean operator The Ascott Limited. The deal introduces 1,700 premium accommodation rooms across Ho Chi Minh City and Phu Quoc. Four distinct international hospitality brands will be deployed to capture diverse traveler demographics. Notably, the partnership debuts the lifestyle concepts lyf and HARRIS in Vietnam, aiming to prolong visitor stays and elevate local tourism competitiveness.
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