AGP Executive Report
Last update: 4 hours agoGlobal Real Estate Conference: India hosted IREC 2026 in Hyderabad, bringing 2,000+ delegates from 35+ countries and launching the India Housing Report (H1 2026) with primary sales value at ₹3.63 lakh crore and 2.58 lakh units sold. Policy Push (Housing Supply): British Columbia’s NDP, led by David Eby, proposes an “Unsold Condo Tax” starting at 2% and rising 1% per year for developers holding completed units empty, alongside a higher Speculation and Vacancy Tax. Dubai Development: Meraas awarded GCC Contracting nearly AED1bn to build 272 villas and townhouses at Nad Al Sheba Gardens, targeting completion in Q2 2028. EU Affordable Housing: The EU’s Affordable Housing Act aims to map housing stress and let cities expand social housing, renovate stock, and curb short-term lets in pressured areas. Commercial Real Estate Stress: Bloomberg reports office distress is moving from paper losses to realized losses as loan maturities hit and refinancing stays hard. Cross-Border Inflows (Malaysia): Malaysia’s MM2H generated RM8.85bn economic value (Oct 2024–Aug 2026), including RM5bn+ from property purchases, with China leading applications. Property Market Watch (US): Wenatchee and East Wenatchee saw top single-family sales at $907,500 and $772,500 respectively.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.