The construction market in Asia Pacific is forecasted by GlobalData to grow by 3.7% in real terms in 2023, having grown by 3.9% in 2022. A key growth market will be the infrastructure market, with output rising by 11.9% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are Asia Pacific’s five largest multi-family housing construction projects that were initiated in Q4 2023, according to GlobalData’s construction projects database.
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1. Jing’an Zhongxing Plot C070202 Unit 322-09 Mixed-Use Development
The project involves the construction of a mixed-use facilities on 160,000m2 GFA in Shanghai.
Construction work started in Q4 2023 and is expected to be completed in Q4 2026.
The project aims to enhance the residential and commercial facilities in the region. Buy the profile here.
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2. Eaton Park Residential Development
The project involves the construction of six towers comprising 1,968 luxury apartment units on 3.77ha of land in Ho Chi Minh City, Vietnam.
Construction work commenced in Q4 2023 and is expected to finish in Q1 2027.
The project aims to provide more accommodations in Ho Chi Minh City, which is suffering a decline in housing supply, Buy the profile here.
3. Lakeview-Taumata Development
The Lakeview-Taumata involves the construction of a mixed-use development on 10ha of land in Queenstown, Otago, New Zealand.
Construction work started in Q4 2023 and is forecast to complete in Q4 2038.
The project aims to provide better residential and hospitality facilities in the region. Buy the profile here.
4. Higashigotanda Two Chome Third District Type One Urban Redevelopment
The project involves the construction of two buildings comprising District A and District B at 2-Chome, Higashigotanda, Shinagawa-Ku, Tokyo, Japan.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2027.
The project’s main aim is to provide better office and residential facilities in the region. Buy the profile here.
5. Guangzhou South Headquarters Base
The project involves the construction of a headquarters base in Huadu District, Guangzhou City, Guangdong Province, China.
Construction work started in Q4 2023 and is expected to be completed in Q4 2026.
The project aims to meet the growing demand for commercial and office facilities in the region. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
