AGP Executive Report
Last update: 7 hours agoTax Signals: Pakistan’s salaried workers paid Rs633bn in income tax in FY2025-26, outpacing exporters, retailers and real estate combined, while property-seller tax collections rose but buyer-side collections fell. Retail & Hospitality Expansion: MAIR Group plans a phased revamp of Mall of Al Ain, expanding its footprint and adding hotel services, with construction starting Q4. Luxury Off-Plan Risk Control: Floton Africa will launch an escrow-and-insurance-backed model in Zanzibar, including deposit protection and a guaranteed minimum 8% net rental yield for five years. Youth Housing Push: South Korea’s new PM called for more student dormitories and affordable housing near universities in Seoul. Urban Planning & Land Use: Kenya’s government urged high-rise development in Kiambu to curb agricultural land loss. Affordable Housing Debate: An economist says Sea Point’s property market is unlikely to be hit by affordable housing, but warns against misuse of units for private profit. Regulation & Consumer Protection: India’s TG RERA set a 45-day deadline for a Hyderabad builder to finish promised amenities; Kerala-RERA ruled landowners can be treated as joint promoters if they’re involved in financing/profit. Finance Oversight: RBI imposed penalties on Bank of Baroda and GIC Housing Finance for KYC and fair-practices lapses. Construction Milestones: Nepal began the main tunnel of the 106MW Jagdulla hydropower project, a major Karnali infrastructure push. Safety & Disruption: HS2 construction advanced at Birmingham’s Curzon Street with the first concrete beams lifted into place. Local Housing Politics: Stockton leaders are set to vote on Bear Creek South, a plan for 2,200+ homes that would require annexing 530 acres.
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