IRHM, Your Global Window into Real Estate and Hospitality

October 2, 2026

Groundbreaking

Work has officially begun on the preservation, restoration, and rehabilitation of Kinh Thien Palace at the Thang Long Imperial Citadel in Hanoi. Attended by General Secretary and President To Lam, the groundbreaking marks the start of a major project backed by 15 years of interdisciplinary research and UNESCO consultations. Developer Sun Group has been selected to construct the historical restoration, which forms the first step of a long-term capital master plan.
CapitaLand Investment and Ally Logistic Property have broken ground on OMEGA 1 Singapore, a S$260 million logistics development situated in Gul Lane. Set for completion in the second half of 2028, the facility integrates physical real estate with automated systems and artificial intelligence. Funded through the CapitaLand Southeast Asia Logistics Fund, the smart hub aims to enhance regional supply chain resilience and address local land and labour constraints.
Vingroup Corporation has officially commenced construction on the Northwest Bac Ninh City New Urban Area Project - Zone 1, known commercially as Vinhomes King Park. Covering nearly 270 hectares in Kinh Bac ward, the low-density development will feature housing, green spaces and an extensive sports complex. The scheme aims to enhance local living standards and attract regional investment.
The University of South Florida has broken ground on Uptown Landing, a $500 million mixed-use scheme on its Tampa campus. Formerly known as the Fletcher District, the project will deliver 700 student beds, retail units, restaurants, a hotel, and the Translational Research Institute. Constructed as a public-private partnership, the initial 30-acre phase is scheduled for completion ahead of the autumn 2028 term.
TransLink has broken ground on its first real estate scheme, a 31-storey mixed-use tower at West Broadway and Arbutus in Vancouver. Developed alongside PCI Developments, the project features 256 rental homes, retail space, and community facilities directly opposite the upcoming Arbutus Station. The scheme marks a new funding model for TransLink, generating long-term non-taxation revenue to reinvest directly into the regional transit network.
Reportage Group has officially started construction on Sensi, a luxury housing development situated on Saadiyat Island in Abu Dhabi. The groundbreaking event took place on 05 June 2026, just five months after the initial project launch. This marks the developer's first project in the culturally significant district, aiming to deliver upscale architecture combined with competitive pricing for investors and homeowners.

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