Officials in Maryland have broken ground on the Residences at Belvedere Place, a $28 million mixed-use affordable housing project in Baltimore. Led by BRIDGES CDC, WinnDevelopment and Bon Secours Unity Properties, the build transforms 10 vacant parcels into 83 low-income homes and ground-floor retail spaces, targeting completion by spring 2027.
Phat Dat Real Estate Development and Lotte Properties HCMC have signed a Memorandum of Understanding to collaborate on the Thu Thiem Eco Smart City project in Ho Chi Minh City. The large-scale urban complex will feature offices, retail malls, hotels and luxury apartments. The venture aims to establish a new international financial center by blending local development strengths with global real estate expertise.
Vinhomes has launched a five-year scheme alongside gold and silver companies to help clients convert idle gold into cash to purchase properties. Buyers can later opt to keep the real estate or receive 110% of their converted gold value. The initiative aims to mobilize capital while supporting Vinhomes as it targets a record revenue growth of over 15% this year.
Frasers Logistics & Commercial Trust has agreed to acquire interests in four freehold logistics properties in Germany and the Netherlands for approximately €294.9 million. The portfolio is fully occupied with a 5.7-year weighted average lease expiry. Funded via external debt, the transaction is expected to increase the trust's distribution per unit and expand its total portfolio to 118 properties.
Frasers Hospitality has announced the soft opening of Capri by Fraser in George Town, Penang. Located at 31 Jalan Magazine near the UNESCO World Heritage Site, the 22-storey property marks the brand's debut in the region. The hotel features 248 rooms and residences, integrated heritage architecture and partnerships with local artists and food brands to establish a new social hub.
A major multi-purpose sports park is set to launch in Vietnam later this month. Sun Sports City Ninh Binh, a 22-hectare complex developed by Sun Group, will open in Ha Nam Ward, Ninh Binh Province. The facility features 58 training fields across seven disciplines, including the largest covered pickleball hub in the country, alongside a 3,000-seat stadium built to international standards.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
