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AirTrunk, the Australian data center operator acquired by Blackstone in 2024, is considering a potential real estate investment trust (REIT) listing in Singapore, which could raise over $1 billion. Initial discussions with advisers indicate a possible IPO by 2026.

Meanwhile, Hong Kong's private home prices rose 0.9% in November, marking six consecutive months of increases, despite a nearly 30% decline from 2021 peaks. Lendlease secured a tender for a 52-storey tower in Sydney, with a projected value of A$2.2 billion ($1.5 billion).

Singapore's Ministry of Trade and Industry plans to release 11.1 hectares of industrial land for sale in H1 2026, a decrease from the previous year. The National Pension Service anticipates a record return rate of 20% in 2025, and India's real estate market faces a 14% decline in new home sales volume this year, as developers hope for improved demand in 2026.