IRHM, Your Global Window into Real Estate and Hospitality

July 3, 2026

Urban Development

The Ho Chi Minh City People's Committee and Sun Group have launched a 29,317 billion VND infrastructure and cultural project along the Saigon River. The 73.3-hectare Public-Private Partnership scheme will expand Nguyen Tat Thanh Street to ten lanes, construct new bridges and create the Ben Nha Rong - Khanh Hoi Cultural Park, transforming old port warehouses into community spaces.
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.
The Greenville Arena District has selected Turner to manage the $182 million Bon Secours Wellness Arena Master Plan. The project will modernise the downtown arena, build a 6,500-seat amphitheatre and extend the entertainment district. Funded by existing venue revenues and hospitality taxes rather than tax increases, the project will focus heavily on creating employment opportunities for local small businesses and workers.
Dubai Islamic Bank has introduced its Unlocking Sustainable Finance initiative, starting with an inaugural real estate forum in the UAE. The event gathered 80 industry leaders and concluded with major green property agreements alongside the launch of the bank's client advisory platform, Green Concierge.
Lotte Group and Phat Dat Real Estate Development have signed a cooperation agreement to build the 60,000 billion VND Lotte Eco Smart City Thu Thiem in Ho Chi Minh City. The 7.54-hectare multi-functional complex will feature residential zones, retail space and Grade A offices.
Cityscape Global 2026 has introduced its new Capitals platform to link international finance directly with major real estate projects in Saudi Arabia. The initiative follows a successful 2025 event that attracted entities handling USD 6.1 trillion in assets. The updated networking platform expands target audiences beyond standard institutional funds to connect worldwide asset owners with the country's accelerating urban development, housing and hospitality schemes.

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