Here are Asia Pacific’s five largest multi-family housing construction projects that were initiated in Q3 2021, according to GlobalData’s construction projects database.
1. Hamamatsucho Shibaura 1 Chome Redevelopment – $3,170m
The project involves the construction of a 550,000m2 mixed-use complex comprising of two 232.55m tall buildings each on 4ha of land in Minato-Ku, Tokyo, Japan.
Construction work started in Q3 2021 and is expected to be completed in Q4 2030.
It is located in the Hamamatsucho district, close to a station for the magnetic-levitation bullet train service.
2. Lohas Park Residential Development Phase XI – $1,453m
The project involves the construction of a residential complex with a gross floor area of 88,257.88m2 in Tseung Kwan O, Hong Kong.
Construction work commenced in Q3 2021 and is expected to finish in Q4 2024.
The purpose of the project is to provide a large-scale residential complex to meet the housing needs in the region. The project will be built on top of “The Lohas” mall.
3. Elizabeth Quay Lot V and Lot VI Mixed-Use Complex – $841m
The project involves the construction of two mixed-use towers on a 7,000m2 area comprising 58-story mixed-use tower and a 21-story commercial tower on Lot 5 and 6 at Elizabeth Quay in Perth, in Western Australia, Australia.
Construction work started in Q3 2021 and is forecast to complete in Q4 2025.
The project aims to provide a mixed-use facilities including residential, commercial, retail, and office facilities in the region.
4. Waterfront Newstead Mixed-Use Development – $714m
The project involves the construction of a mixed-use complex in Newstead, Queensland, Australia.
Construction work commenced in Q3 2021 and is expected to be completed in Q1 2024.
The project aims to provide better residential facilities in the region.
5. Skyrise Avenue Sukhumvit 64 Mixed-Use Development – $507m
The project involves the construction of six-story office building and four residential towers with a total of 1,961 units on 3.52ha of land in Bangkok, Thailand.
Construction work started in Q3 2021 and is expected to be completed in Q3 2024.
Methodology: This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
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