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February 25, 2022updated 27 Jul 2022 5:34pm

Asia Pacific’s five largest multi-family housing construction projects that commenced in Q4 2021

By Carmen

Here are Asia Pacific’s five largest multi-family housing construction projects that were initiated in Q4 2021, according to GlobalData’s construction projects database.

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1. Wuhan Chow Tai Fook Financial Center – $7,178m

The project involves the construction of a 475m high-rise tower in Wuhan, Hubei, China.

Construction work started in Q4 2021 and is expected to be completed in Q4 2026.

The project aims to provide residential, commercial, retail and leisure facilities in the region.

2. Sydney Metro Pitt Street Over-Station Development – $773m

The project involves the construction of an Over-Station development at Pitt Street, Australia.

Construction work commenced in Q4 2021 and is expected to finish in Q4 2024.

The main aim of the project is to provide better hospitality and commercial facilities in the region.

3. One Avenue Mixed-Use Development – $350m

One Avenue involves construction of mixed-use development on 5ha of land comprising of four towers of luxury apartments and an office building in Batam, Riau Island, Indonesia.

Construction work started in Q4 2021 and is forecast to complete in Q1 2025.

The project aims to provide better residential and office space in the region.

4. Amaia Residential Development – $244m

The project involves the construction of five residential buildings with 231 apartments on 2.1ha of land in Takapuna, Auckland, New Zealand.

Construction work commenced in Q4 2021 and is expected to be completed in Q4 2025.

The project aims to provide better residential facilities and will provide 250 jobs in the region.

5. Hung Thinh Sunshine Luxury Apartment Complex – $200m

The project involves the construction of two 35-story residential towers in Binh Province, Vietnam.

Construction work started in Q4 2021 and is expected to be completed in Q1 2023.

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.

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