Policy Shock (Australia): Federal budget property-tax changes are projected to cut housing construction by 10,700 homes by 2029-30, lift rents by about $10 a week, and shave roughly $1B from GDP over four years, according to major industry groups. Capital Markets (Singapore): Blackstone-linked AirTrunk is in talks for about S$2B in loans to fund a Singapore REIT IPO, a test for data-centre financing as banks tighten exposure. Local Planning (US): Oakley, California appointed a new planning commissioner, while Boston is holding a hearing on shifting Community Preservation Act funding toward affordable housing (up to 80%). Housing Supply (US): Fort Worth is set to consider rezoning for a 51-acre east-side development that would allow smaller-lot detached and two-family homes. Data Centres & Homes (US): A National Association of Realtors report finds no single “data centre effect” on home values, with impacts varying by market. Litigation (US): Lineage Logistics sued a solar provider and contractor over a warehouse fire, seeking more than $1B in damages. Industrial Real Estate (Canada): Beedie and La Caisse launched a JV with a $1B seed portfolio and a target up to $2B to buy and develop industrial properties. Mortgage Rates (Canada): Rising bond yields could push fixed mortgage rates higher soon, with brokers urging rate holds and preapprovals.