IRHM, Your Global Window into Real Estate and Hospitality

August 18, 2026

Urban Development

Hyundai Engineering & Construction has joined forces with 17 financial institutions to secure the Apgujeong District 3 and 5 redevelopment. Through the new "H-Finance Solutions" programme, the builder provides a financial safety net for members. This initiative covers relocation costs and interim payments to shield residents from market volatility. By treating the area as a single business district, the company ensures long-term stability for this major Seoul project.

Nigeria will host the second Renewed Hope Housing PPP Summit this April in Abuja. The event focuses on turning policies into bankable projects through private sector partnerships. High level officials including Vice President Kashim Shettima will discuss financing and risk frameworks. The summit includes a training workshop for developers and seeks to accelerate large scale home construction across the country.
Council officials have greenlit a massive £531 million investment package to upgrade social housing across North Lanarkshire. The five-year plan aims to improve living standards for thousands of tenants by modernising kitchens, bathrooms and windows. A significant portion of the funding is dedicated to energy efficiency to help residents lower their heating costs. The scheme also includes the regeneration of several local estates and the demolition of older properties.
Developers have confirmed the signing of leases for the last two commercial plots at the Bay Meadows site in San Mateo. This announcement marks the final stages of a massive 20-year project. Once a horse racing track, the area has been overhauled into a modern community featuring housing, commercial offices and public green spaces. The site now encourages walking and public transport use for commuters.

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