Here are Asia Pacific’s five largest commercial and leisure construction projects that were initiated in Q2 2022, according to GlobalData’s construction projects database.
1. Resorts World Sentosa Expansion – $3,319m
The project involves the expansion of an integrated resort in Singapore.
Construction work started in Q2 2022 and is expected to be completed in Q4 2026.
The aim of the project is to increase the gross floor area of the resort by around 50%. Once complete, it aims to provide a distinctive purpose-of-visit tourism experience and will integrate with the future Greater Southern Waterfront and is expected to become the centerpiece of the new entertainment hub of Asia.
2. Saitama Data Center Campus – $1,000m
The project involves the construction of a 33,047m2 data center campus with a capacity of 97MW of critical IT capacity in Saitama, Japan.
Construction work commenced in Q2 2022 and is expected to finish in Q3 2025.
The facilities is designed to serve leading hyperscalers in Japan and will be built to the latest hyper-scale design and standards, with unrivaled scalability, connectivity, and reliability.
3. Hangzhou Big Data Center – $772m
The project involves the construction of a data center in Hangzhou, Zhejiang, China.
Construction work started in Q2 2022 and is forecast to complete in Q4 2024.
The project will provide necessary infrastructure for 5G networks and data centers.
4. Seomyeon Office Building Development – $715m
The project involved the construction of a 44,746m2, 32-story office building with eight floors below ground in Seomyeon, Busan, South Korea.
Construction work commenced in Q2 2022 and is expected to be completed in Q4 2025.
The aim of the project is to provide better commercial facilities in the region.
5. Waterloo Metro Quarter Development – $650m
The project involves the construction of a mixed-use community in Sydney, New South Wales, Australia.
Construction work started in Q2 2022 and is expected to be completed in Q4 2024.
The project aims to provide better residential, commercial, and accommodation facilities in the region.
Methodology:This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.