Megaworld Corp. has launched a P2-billion share buyback programme while allocating P2.21 billion raised from its listed REIT unit to township developments in Cebu, Palawan and Bacolod. The company said the buyback would enhance shareholder value, while proceeds from MREIT will support ongoing projects due for completion in 2028.
Saudi Arabia has introduced a five-year rent freeze in Riyadh, halting increases for residential and commercial properties as part of new rules approved by the Cabinet. The measures, effective from 25 September, aim to curb rising rental costs and strengthen protections for both landlords and tenants.
SOL Properties has launched SOL LUXE, a Dh2.2 billion mixed-use tower on Sheikh Zayed Road. Rising 280 metres with residences, Grade A offices, and retail outlets, the project promises an 8–9% ROI for investors and is scheduled for completion in Q4 2028.
Aspect Development is expanding its footprint with projects in Abu Dhabi, Athens, and Cairo, strengthening its presence across the Middle East and Europe while reinforcing its commitment to premium and sustainable living.
Arada has entered the UK market with the acquisition of a 75% stake in London-based Regal. Rebranded as Arada London, the deal includes AED2.5 billion in investment to accelerate delivery of 10,000 residential units, with plans to triple the pipeline over three years.
Prime Minister Mark Carney has launched Build Canada Homes, a new federal agency tasked with rapidly increasing affordable housing across the country. Backed by a $13 billion investment, the initiative will deploy public lands, modern construction technologies, and private-sector partnerships to double housing output, reduce homelessness, and restore affordability.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
