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Asia Real Estate Tracker (28-Feb-2025): HK halts commercial land sales to cure office slump.
SUMMARY
- Hong Kong has halted land sales in order to boost the office market within the region.
- Singapore's Centurion saw their profits more than double to $257M, driven by soaring property valuations.
- Alibaba announces plans to invest a substantial $53 billion in AI infrastructure development.
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