The Hyper-Kamiokande project is a next-generation gigantic water Cherenkov detector at Kamioka together with a high-intensity 1.3 MW neutrino beam from J-PARC and the Near De- tector complex. The project will substantially enhance all currently ongoing physics programs at Super-Kamiokande and T2K such as the precise measurement of neutrino oscillations and its CP-asymmetry, low energy neutrino astronomy by solar and supernova neutrinos, search for nu- cleon decay and for possible other new phenomena. Here, we will present a recent update on the project status and milestones toward the commissioning of the detector foreseen in 2027, and its improved sensitivity, mainly focusing on neutrino oscillations and the search for nucleon decay.