Huong Viet Properties has teamed up with 32 strategic partners to launch Palm River, a new apartment subdivision within the 30.6-hectare Palm City development in eastern Ho Chi Minh City. Built on a 1.9-hectare plot with 60 percent green space, the complex comprises four 36-story towers. Construction began in June 2026, with handover scheduled for the first quarter of 2029.
GO Residential REIT has agreed to purchase 27 properties from H&R REIT for approximately US$2.8 billion. The deal expands GO's presence across the US Sunbelt region and New York City, adding nearly 13,300 suites to its portfolio. Following completion in late 2026, the combined entity will become Canada's second-largest publicly traded residential REIT by enterprise value while improving its leverage profile.
Construction is underway on The Orchard Place in Dubai. Designed by SPECTRUM Architecture, the scheme integrates residential, commercial, and office spaces within a unified development. Built over a central five-storey podium connecting two high-rise towers, the project translates extensive research into site topography, climate, and modern urban living into physical form. Active structural works are currently progressing on the site.
Greystone Capital Advisors has arranged a $103 million bridge loan for Vantage Communities Inc. to refinance three residential developments in Central Texas. The floating-rate debt covers 864 Class A units across the Austin and San Antonio areas. Provided by Benefit Street Partners, the interest-only facility features an initial three-year term with extension options to support the portfolio through full property stabilisation.
Daewoo E&C has formed a strategic partnership with global engineering firm ARUP to bid for the Mok-dong Complex 8 Reconstruction Project in Seoul. The collaboration aims to maximise structural safety and design standards for the planned 49-story, 180-meter residential development. ARUP brings extensive high-rise expertise from iconic international schemes including Shanghai Tower and Marina Bay Sands.
CapitaLand Ascott Trust has agreed to acquire Coliwoo Midtown in Singapore for S$134.0 million, funded by proceeds from its divestment of The Robertson House. The transaction offers a 4.1% EBITDA yield and is expected to raise Distribution per Stapled Security by 2.4%. Completing in 4Q 2026, the deal includes a 10-year triple-net master lease, expanding CLAS' living sector portfolio to 19.5% of total value.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
