Data Center REIT Push (Philippines): PLDT’s subsidiary Vitro filed with the SEC to launch a data center REIT that could raise up to P24.2B, selling secondary shares at up to P11 each and targeting an initial portfolio of eight operational sites. Local Governance & Consumer Protection (Philippines): DHSUD-12 warned the public against “hulugan”/installment lot scams on social media, stressing that selling raw or subdivision lots online without a DHSUD license to sell can trigger civil and criminal liability. Housing & Redevelopment (US): Bedrock finished restoring a 100-year-old Detroit building into The Belle, adding 42 apartments plus retail, with rents starting at $1,370 for studios. Commercial Real Estate (US): The Port of Tacoma approved a 30-acre ground lease for a $250M cold storage and seafood processing project expected to create 400 jobs. Rent Relief (Dubai): Dubai Land Department launched “Flexi Rent,” letting tenants pay in installments with grace periods and payment-plan redesigns via partner developers. Market Watch (Australia): Sydney and Melbourne dwelling prices continue to cool, with Sydney down 0.8% in April and 0.9% in May and Melbourne slipping back toward negative annual growth. Policy & Planning (Egypt): Nations of Sky says its SkyRidge Executives project in Cairo’s Sheraton district has fully sold the first two phases, positioning it as an office hub near the airport. Sellers’ Strategy (US): Falling list prices are forcing agents to tighten pricing, coach sellers earlier, and rely more on local market data than national headlines.