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.
The Comiskey Group has unveiled plans for a $180 million Town Centre Precinct in North Lakes, set to create a cultural and lifestyle destination with boutique retail, premium dining, a five-star hotel, and green public spaces. The project is expected to generate more than 880 jobs and contribute over $500 million to the local economy.
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.
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.
Egypt’s Madinet Masr has launched its new flagship development ‘Talala’ in New Heliopolis City, investing EGP 90 billion into a project designed to offer sustainable, high-quality living across a wide range of residential units.
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