Hanoi officials and developer Sun Group have broken ground on a nearly 186,000 billion VND urban renovation project covering 447 hectares in Vinh Hung ward. The scheme aims to reshape the capital's central area through sustainable green development, integrating transit-oriented infrastructure, Sponge City flood management, and public parks to create a modern 15-minute city layout.
Penta Real Estate has acquired a 50% stake in HoldCo Bubny s.r.o. to lead the transformation of Prague’s Bubny-Zátory site. Partnering with AKIPIA and J&T, the firm will oversee a CZK 90 billion urban development project across 250,000 square metres. Running until 2050, the master plan includes 10,000 homes, office space, schools and public amenities, marking the largest project in Penta’s history.
New planning rules introduced across England will fast-track thousands of homes near train, tram and underground stations. Under the revised National Planning Policy Framework, applications for housing within walking distance of transport hubs will face a default approval stance alongside minimum density requirements. The reforms form part of wider UK planning changes intended to support local development, cut administrative delays and progress toward national housing targets.
Sun Group has officially launched a 40 trillion VND development in Phu Quoc, creating nearly 50,000 social and rental housing units built to Singapore standards. Located in the An Thoi urban area, the 55-hectare complex supports Vietnam's national housing goals and infrastructure expansion ahead of the APEC 2027 summit.
Oman and Türkiye have signed a memorandum of understanding to cooperate on housing and urban planning initiatives following a bilateral summit in Ankara. Omani Housing Minister H.E. Dr. Khalfan bin Said Al Shueili met with Turkish Minister H.E. Murat Kurum to establish a development framework. The partnership will focus on smart cities, sustainable design and real estate finance.