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Asia Real Estate Tracker (27-Aug-2025): GLP sells China data center stake to Zhejiang for $350M.
SUMMARY
- GLP has divested a $350 million stake in its China data center business to Zhejiang government entities.
- The Asia-Pacific data center pipeline has seen a 16% increase in the first half of the year, fueled by AI demand.
- Singapore's Urban Redevelopment Authority has issued a tender for a site in Bukit Timah for 340 residential homes.
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