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 single-family housing construction projects that were initiated in Q3 2023, according to GlobalData’s construction projects database.
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1. Ca Na Lagoon Urban Area Development
The project involves the construction of urban area development on 64.5ha of land in Ninh Thuan, Vietnam.
Construction work started in Q3 2023 and is expected to be completed in Q4 2027.
The project aims to build an urban area to meet the housing needs of people in the area. Buy the profile here.
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2. Enso Woods @ Gamuda Cove Residential Township
The project involves the construction of a residential complex comprising 454 two and three-story terraced homes on 15ha of land in Selangor, Malaysia.
Construction work commenced in Q3 2023 and is expected to finish in Q4 2024.
The project aims to provide better residential facilities in the region. Buy the profile here.
3. Kuching Affordable Homes
The project involves the construction of a housing complex comprising 1,006 units in Kuching, Sarawak, Malaysia.
Construction work started in Q3 2023 and is forecast to complete in Q4 2025.
The project aims to provide residential facilities to meet the increasing demand in the region. Buy the profile here.
4. Ilham Residence III
The project involves the construction of a residential community comprising 241 units of two-story terraced houses in the City of Elmina, Selangor, Malaysia.
Construction work commenced in Q3 2023 and is expected to be completed in Q2 2027.
The project aims to provide better residential facilities in the region. Buy the profile here.
5. Willow Logan Reserve Residential Community
The project involves the construction of a residential community comprising 199 lots on 14.79ha of land in Logan Reserve, Queensland, Australia.
Construction work started in Q3 2023 and is expected to be completed in Q2 2025.
The project aims to meet the growing demand for residential 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.
