https://www.kitguru.net/gaming/joao-silva/konami-rumoured-to-be-developing-two-unannounced-silent-hill-games/ According to AestheticGamer’s
tweets, Konami had been getting feedback from developers for two new Silent Hill games. One of these games would be a soft-reboot of the series, while the other would be an “episodic TellTale/Until Dawn-style game to go alongside the reboot”. There’s also the chance that both games will be revealed this year, according to the tweets. Rely on Horror (via Eurogamer), a horror specialist website, stated that its independent source also reported that a new Silent Hill game was in development.
Add the reports of new Silent Hill games in development, with the
tweet made by Masahiro Ito, art director of Silent Hill 2 and a “core member of a new horror project”, plus the news of Kojima
working on a new horror game and Konami refiling Silent Hill trademarks, it seems that there is a good possibility of this happening in the future. Despite Kojima and Konami having had their disagreements,
Eurogamer sources commented that “the ice has thawed between them”.
I guess we'll have to wait and see if this is true.