IRHM, Your Global Window into Real Estate and Hospitality

October 24, 2026

Construction

Developer Sun Group has commenced a 30.15 trillion VND project to renovate and enhance the West Lake area in Hanoi, Vietnam. Implemented under a Build-Transfer public-private partnership, the scheme spans 567.75 hectares. The plans focus on expanding pedestrian space along a 13.5 km lakeside road, building wharves, upgrading public parks and installing new cultural infrastructure to establish the district as a major tourism and event destination.
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.
Foster + Partners has joined a UK-EU consortium that secured a £4 million research grant from the European Innovation Council Pathfinder funding programme. The three-year SWIFT-BUILD project focuses on autonomous robotic assembly for modular timber structures using top-down construction techniques. The initiative combines artificial intelligence, automated machinery and aerial drones to create flexible buildings designed for adaptation and eventual disassembly.
South Korean builder GS E&C has partnered with CRA, an architecture and design group led by MIT Professor Carlo Ratti, to research climate-resilient housing concepts. The project analyses the impact of extreme weather, heatwaves, and fine dust on homes using sensor data. Following feasibility testing, the firm plans to roll out these protective technologies across its premium Xi residential apartments.
L&T Energy Hydrocarbon Onshore has signed a contract to construct an ultra-mega gas compression project for a client in the Middle East. Following a letter of award in FY26, the firm will deliver new onshore infrastructure to process sour gas. The scope includes engineering, procurement and construction of compression plants alongside two 230 kV extra-high-voltage substations to power the site.
The Dallas City Plan Commission has approved a major zoning change request for Therme Group’s proposed wellbeing resort along the Trinity River. Positioned near the Kay Bailey Hutchison Convention Center, the project aims to generate hundreds of jobs, boost local tax revenues, and bridge South Dallas with the city’s downtown district. The plan now moves to the Dallas City Council for final review this autumn.

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