The construction market in Asia Pacific is forecasted by GlobalData to grow by 3.7% in real terms in 2024, having grown by 3.9% in 2023. 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.
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Here are Asia Pacific’s five largest multi-family housing construction projects that were initiated in Q3 2024, according to GlobalData’s construction projects database.
1. Sun Urban City
The project involves the construction of Sun Urban City on 420ha of land in Phu Ly City, Ha Nam, Vietnam.
Construction work started in Q3 2024 and is expected to be completed in Q4 2028.
2. Harbour Shores Precinct
The project involves the construction of 30 residential towers ranging from two to 12 stories with 2,000 units on 15.7ha of land in Biggera Waters, Queensland, Australia.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2026.
The project is targeting the 6-Star Green Star community. Buy the profile here.
3. Nishi-Azabu 3-chome Northeast District Urban Redevelopment
The project involves the construction of a 200m high, 54-story mixed-use complex with a floor area of 96,826m2 on 0.7ha of land in Minato-ku, Tokyo, Japan.
Construction work started in Q3 2024 and is forecast to complete in Q2 2028.
The project aims to provide better residential and commercial facilities in the region. Buy the profile here.
4. Carrington Place Residential Community
The project involves the construction of five buildings between eight to 12 stories residential community comprising 771 apartments on 3.2ha of land in Castle Hill, New South Wales (NSW), Australia.
Construction work commenced in Q3 2024 and is expected to be completed in Q1 2032.
The project aims to become one of Sydney’s most sustainable urban communities.
5. The Senique Hanoi
The project involves the construction of a 37-storey residential complex on 2.1ha land in Hanoi City, Vietnam.
Construction work started in Q3 2024 and is expected to be completed in Q1 2027.
For more details on the latest construction projects, buy the profiles here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
