IRHM, Your Global Window into Real Estate and Hospitality

May 19, 2026

Regional Insights

Global-Estate Resorts, Inc. (GERI), a subsidiary of Megaworld, is set to turn over P11 billion worth of projects this year. The deliveries include residential units and commercial lots across several provinces in the Philippines, including Cavite, Laguna, Batangas, Rizal and Aklan. This move follows sustained demand for integrated tourism and leisure townships located outside Metro Manila as buyers seek a blend of nature and modern convenience.
Marjan Group has appointed new senior executives to lead its development, hospitality, and lifestyle sectors in Ras Al Khaimah. Key hires include Sheikh Saqr bin Omar Al Qasimi, Alison Grinnell, and Donald Bremner as CEOs of their respective divisions. The restructure supports the Emirate’s accelerated growth and global investment strategy.
The world’s largest real estate franchise by agent count is expanding its footprint in Europe. Keller Williams has officially awarded a new master franchise in Croatia. This move brings the total number of European regions for the brand to 21. Led by Boris Batelic, the firm plans to launch its first market center in the second quarter of 2026 to drive structural change in the local market.
Real estate giant REMAX has announced a major expansion of its global network with the sale of master franchise rights in Libya and a new office opening in Azerbaijan. The Tripoli-based Libyan operation is led by experienced owners Zyead and Alhareth Ghattour. In Baku, entrepreneur İdris Cengiz has launched a 2,000 square foot facility to serve a growing market. These moves increase the brand's presence to more than 120 countries and territories.
Malaysia’s property market is experiencing a renaissance, fuelled by affordable housing initiatives, infrastructure growth, foreign investment incentives and a strong shift towards green, transit-oriented developments.
Riyadh has cemented its place at the heart of Saudi Arabia’s thriving commercial property market, with prime office rents soaring by 23% over the past year, according to fresh research from a leading property consultancy. By the end of March, rents for high-end office spaces in the capital had climbed to SAR 2,700 per square metre — the highest rate recorded to date — fuelled by government initiatives such as the regional headquarters programme.

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