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 commercial and leisure construction projects that were initiated in Q1 2023, according to GlobalData’s construction projects database.
1. Brisbane Eagle Street Pier Redevelopment – $1,754m
The project involves the construction of 150,825m2, two mixed-use towers on 1.5ha of land in Brisbane, Queensland, Australia.
Construction work started in Q1 2023 and is expected to be completed in Q4 2030.
The project aims to demolish the 30-year-old pier buildings and construct two mixed-use towers to provide better commercial, leisure, and residential facilities in the region. Buy the profile here.
2. Waterfront Brisbane Redevelopment – $1,754m
The project involves the redevelopment of Eagle Street Pier on 1.5ha of land in Brisbane, Queensland, Australia.
Construction work commenced in Q1 2023 and is expected to finish in Q4 2029.
It intends to transform Eagle Street Pier into a premium business and leisure destination. The project achieved WELL Certification. Buy the profile here.
3. Wuxi Olympic Sports Center – $1,007m
The project involves the construction of an Olympic Sports Center in Wuxi, Jiangsu.
Construction work started in Q1 2023 and is forecast to complete in Q3 2026.
The project aims to provide better leisure facilities in the region. Buy the profile here.
4. Noida Integrated Commercial Project – $878m
The project involves the construction of a 37,161m2 integrated commercial project on 4.8ha of land in Noida, Uttar Pradesh, India.
Construction work commenced in Q1 2023 and is expected to be completed in Q4 2026.
The project aims to provide better commercial facilities in the region. Buy the profile here.
5. Kota Semarak Mixed-Use Development – $570m
The project involves the construction of a mixed-use complex on 11ha of land in Jalan Sultan Yahya Petra, Kaula Lampur, Malaysia.
Construction work started in Q1 2023 and is expected to be completed in Q4 2028.
The project aims to provide better residential and commercial 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, 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.
