News €100m from EU to boost Lithuanian housing renovation The European Investment Bank (EIB) and the government of Lithuania have approved a €100m loan to fund housing renovation in the country. The initiative aims to unlock €625m in total…
News Dutch municipalities to build trailer parks to tackle housing crisis In response to a worsening housing crisis, seven Dutch municipalities are moving ahead with plans to create flexible districts with prefabricated mobile homes, dubbed “flexcities”. The districts will consist of…
News World Bank lends Mexican developer $301m to build green housing The International Finance Corporation (IFC), part of the World Bank, will lend $301m to a developer in Mexico to build “affordable, green housing”. The loan is going to developer and…
News Mexico to build a million homes buyable with zero-interest mortgages The newly elected president of Mexico, Claudia Sheinbaum, has launched a plan to build a million homes people can buy with zero-interest mortgages. Her “Housing and Regularisation Programme” aims to…
News Strabag unit to build €250m residential complex in Abu Dhabi Zublin Construction, a unit of Austria’s Strabag, has been selected to build a €250m luxury residential development on Yas Island in Abu Dhabi. “Sea la Vie” by developer Nine Yards…
News Germany to relax regulatory standards to boost housing output The government of Germany has put forward a bill to boost housing output by streamlining regulations. The Building Type E Act aims to lower the cost of building to ameliorate…
News Saudi Arabia forms company to accommodate employees working on large projects Saudi Arabia’s Public Investment Fund (PIF) has created a company to act as a property developer and landlord for workers at major construction sites. The Smart Accommodation for Residential Complexes…
News Aecom lands water role as Ontario courts housing boom Aecom has won a contract to provide programme management for new water infrastructure in the Peel Region municipality west of Toronto as it prepares for a surge of new housing…
News UNStudio opens Sao Paulo towers which create a “new form of living” Dutch architect UNStudio and Brazilian developer Eztec have announced the completion of two towers in São Paulo, which they describe as a “new form of living”. The EZ Parque da…
News SOM designs 17 residential builds to surround New Jersey performing arts center Skidmore, Owings & Merrill (SOM) has been chosen to design 17 residential buildings for the New Jersey Performing Arts Centre (NJPAC), which the practice designed in the late nineties. The…
News Brazilian city approves world’s tallest residential tower The city of Balneário Camboriú in southeast Brazil has approved the construction of the 544m-tall Triumph Tower, which, if completed, would be the world’s tallest residential building. It’s set to…
News Victoria fast-tracks seven-tower Melbourne development Vicinity Centres, an Australian real estate investment trust, has won approval for a US$1bn residential development in Melbourne, The Urban Developer reports. The Box Hill project will consist of 1,700…
News Aston Martin’s 249m residential tower opens on Miami’s waterfront Aston Martin has announced the completion of a 249m-tall residential tower in downtown Miami. The sail-shaped building was designed by the car-maker, along with Rodolfo Miani of Argentine architect Bodas…
News Trudeau hails ‘most ambitious housebuilding plan in Canadian history’ Canada has announced a plan to ease the country’s housing crisis by leasing public land to developers with a target of getting 3.9 million houses built by 2031, Prime Minister…
News Dubai announces next phase of sold out South Bay development The government of Dubai has announced plans for a fourth phase of its South Bay development, which will add 138 three-to-five bedroom villas, together with a few six and seven…
News MVRDV designs 11 Shenzhen towers for Chinese tech company Tencent Dutch architect MVRDV has unveiled its design for Tencent P5, a residential development in Shenzhen’s Qianhai bay containing 11 apartment towers and a kindergarten arranged around four courtyards. The development…
News Nigeria to build 675ha “Diaspora City” for citizens living abroad Nigeria plans to build a “Diaspora City” for the 20 million of its citizens who live in other countries. The idea is to give emigrants, who together send $24bn back…
Companies Dubai developer plans $3.4bn building spree this year Dubai-based Samana Developers today said it will award 18 construction contracts as it spends $3.4bn on new residential projects in its home city this year. The company will prioritise waterfront…