Capital Recycling in Asia: Ayala Land sold 75M shares of AREIT for about P2.67B, with proceeds earmarked for a future reinvestment plan as the firm keeps monetizing assets while staying exposed to recurring property income. Regulators & Condos: The SEC approved Megaworld’s Global One Hotel rental pool program covering 6,340 participation certificates across 12 condotel projects, under a streamlined framework for real estate investment contracts. Affordable Housing Milestone: New York Gov. Kathy Hochul announced completion of Park Square II in Rochester, adding 240 affordable units and preserving/creating 576 affordable homes across both phases. Local Housing Policy: Manteno, Illinois reinstated a 50% village property tax rebate for 2025 after a failed first vote, sending about $650,000 back to homeowners. Market Signals for Buyers: Realtor.com’s 2026 state report cards ranked Indiana top for housing affordability and homebuilding, with other strong performers including Iowa, South Carolina, Texas, and North Carolina. Big Real Estate Deals: Capital Group completed its $210M purchase of Los Angeles’ Bunker Hill office tower (Bank of America Plaza), moving from tenant to landlord. Construction & Costs: Snohomish County transfer-station fees rose for 2026, pushing up self-haul minimums and per-ton rates—an added cost for sellers doing cleanouts. Global Branded Residences: Thailand is now Asia’s largest branded residences market by launched supply, with C9 Hotelworks citing 13,124 units launched in Q1 2026 and rising competition.