The Snøhetta-designed Shanghai Grand Opera House will officially open on October 17, 2026. Currently entering its final development phase, the venue has scheduled 82 performances across 47 productions for its inaugural season, which runs until February 20, 2027. The project features three specialist auditoriums and an accessible public roofscape.
Ayala Land has increased its capital investment in the 320-hectare Lio Estate in El Nido, Palawan, to cater to growing demand for long-stay tourism and second homes. The expansion includes new transport links, a 3.7-kilometre boardwalk and a 16.3-hectare mixed-use district called Sitio Aplaya, while dedicating more than half of the coastal development to protected ecological zones.
Hyatt Hotels Corporation has officially opened Hyatt Place Jiaxing Nanhu, debuting the brand in the historic water town of Jiaxing, China. The new 241-room hotel expands Hyatt's presence in the Yangtze River Delta region, offering modern rooms, 24-hour dining and business amenities near South Lake.
Abu Dhabi developer Aldar has unveiled The Orchids, a new gated community within its established Yas Acres development on Yas Island. The project introduces 217 family homes, including townhouses and villas, designed around central parks and sports facilities. Residents will gain access to the wider masterplan, which features premium leisure options and sits close to local international schools and major entertainment hubs.
Hilton has launched Undergraduate by Hilton, a new upper-midscale hotel brand targeting university and college towns. Designed to complement the Graduate by Hilton chain, the brand features a flexible development model for new builds and conversions. Hilton aims to open the first property in 2027, with a long-term expansion target of 400 to 500 hotels globally.
Warren Buffett's investment conglomerate Berkshire Hathaway has agreed an all-cash takeover of American housebuilder Taylor Morrison. The deal values the firm at an $8.5 billion enterprise value, offering shareholders a 24% premium. Taylor Morrison will delist from the New York Stock Exchange and become a private entity, though the current executive team will continue to run the business operations.
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