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 retail building construction projects that were initiated in Q3 2023, according to GlobalData’s construction projects database.
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1. Harbourside Shopping Center Redevelopment
The project involves the construction of a 166m high, 42-story mixed-use tower in Sydney, New South Wales, Australia.
Construction work started in Q3 2023 and is expected to be completed in Q4 2026.
The purpose of the project is to provide mixed-use facilities for people in the region. Buy the profile here.
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2. Sunway Carnival Mall Renovation
The project involves the renovation of a Sunway Carnival Mall in Seberang Jaya, Penang, Malaysia.
Construction work commenced in Q3 2023 and is expected to finish in Q2 2025.
The project aims to provide better residential facilities in the region. Buy the profile here.
3. Kasuga Commercial Building Redevelopment
The project involves the construction of a 100m high, commercial tower with a floor area of 55,500m2 on 0.51ha of land in Minato-ku, Tokyo, Japan.
Construction work started in Q3 2023 and is forecast to complete in Q4 2024.
The project aims to meet the rising demand for commercial facilities for the people in the region. Buy the profile here.
4. Kundang Commercial Development
The project involves the construction of a commercial complex in Kundang, Selangor, Malaysia.
Construction work commenced in Q3 2023 and is expected to be completed in Q4 2025.
The project aims to provide better commercial facilities in the region. Buy the profile here.
5. Ha Nam GO Shopping Center
The project involves the construction of a two-story shopping center on 1.3ha of land in Ha Nam province, Vietnam.
Construction work started in Q3 2023 and is expected to be completed in Q4 2024.
The project aims to provide better shopping and leisure 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.
