Capex Confidence Signals Turn in Manila Real Estate: Ayala Land raised 2026 capital spending guidance to P60B from P50B, citing stabilization in Q2, lower inventory to about 15 months, and a push to deliver ~13,000 residential units plus 200,000 sqm of mall space. Earnings Resilience in a Tough Market: Filinvest Land reported H1 net income up 4% to P2.21B as residential reservations jumped 50% YoY to P12.5B, with ready-for-occupancy sales driving real estate revenue higher. NYC Pied-à-Terre Tax Escalates Into Federal Fight: President Trump renewed calls to stop New York City’s second-home surcharge, arguing it will push wealthy owners out; legal experts say federal authority over state property taxes is limited as lawsuits proceed. Local Housing Planning Moves Forward: Millcreek Township in Pennsylvania is holding public input on the Presque Isle Gateway District, with an open house set for Sept. 2 before final decisions. Affordability Policy Meets Local Limits in Florida: Fort Pierce planners say a 43-acre mixed-use project can bypass local zoning via Florida’s “Live Local” law, leaving opponents to consider a grassroots challenge. US Housing Market Still Price-Driven: Existing-home sales fell 1.7% in July to a 4.06M annual rate while the median price rose to $434,100, marking the 37th straight year-over-year price increase. Insurance Friction for Home Improvements: Florida homeowners installing costly metal roofs are finding premiums don’t always drop, with some insurers citing higher roof replacement costs. Regulatory Compliance Hits Real Estate Services: Australia’s AML rules now capture registered office and corporate services providers under AUSTRAC, requiring risk assessments, AML programs, beneficial ownership checks, and timely suspicious reporting. CRE Supply for Long-Term Rentals: Basecamp Resorts broke ground on 101 long-term rental units in Revelstoke, targeting completion by winter 2027.