Penta Real Estate has acquired a 50% stake in HoldCo Bubny s.r.o. to lead the transformation of Prague’s Bubny-Zátory site. Partnering with AKIPIA and J&T, the firm will oversee a CZK 90 billion urban development project across 250,000 square metres. Running until 2050, the master plan includes 10,000 homes, office space, schools and public amenities, marking the largest project in Penta’s history.
New planning rules introduced across England will fast-track thousands of homes near train, tram and underground stations. Under the revised National Planning Policy Framework, applications for housing within walking distance of transport hubs will face a default approval stance alongside minimum density requirements. The reforms form part of wider UK planning changes intended to support local development, cut administrative delays and progress toward national housing targets.
Vingroup Corporation has announced the master plan for the Hung Vuong International Sports Complex in southern Hanoi. Spanning over 400 hectares inside the Hanoi International Sports City, the development features the 135,000-seat VinFast - Trong Dong Stadium. Designed to host global events such as the Olympic Games and FIFA World Cup, the site will integrate elite competition venues, extensive training grounds and public leisure facilities.
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.
The Sports Boulevard Real Estate Development and Investment Company has signed an agreement with Rikaz Properties to set up a new investment fund worth over $186 million. Managed by Al Jazira Capital, the third fund will back the creation of a luxury five-star hotel in the Urban Wadi district of Riyadh. This contract pushes the total signed fund value for the mega project beyond $1.6 billion.
Phu Quoc Special Economic Zone and Sun Group have signed six strategic agreements with key sector partners to upgrade island infrastructure before hosting APEC 2027. The project commitments cover a new Light Rail Transit line, localised security frameworks, a multi-level school campus, and community English education initiatives. The coordinated efforts aim to strengthen long-term municipal development across the island.
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