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 Q4 2023, according to GlobalData’s construction projects database.
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1. Iskandar Puteri Logistic Center
The project involves the construction of a logistic center on 55ha of land in Iskandar Puteri, Johor, Malaysia.
Construction work started in Q4 2023 and is expected to be completed in Q4 2026.
It will create 13,000 operational jobs. Buy the profile here.
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2. Jing’an Zhongxing Plot C070202 Unit 322-09 Mixed-Use Development
The project involves the construction of a mixed-use facilities on 160,000m2 GFA in Shanghai.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2026.
The project aims to enhance the residential and commercial facilities in the region. Buy the profile here.
3. Xiong’an International Trade Center
The project involves the construction of a transit-oriented development (TOD) commercial complex in Xiong’an New Area, Baoding, Hebei, China.
Construction work started in Q4 2023 and is forecast to complete in Q2 2027.
The project aims to enhance the residential and commercial facilities in the region. Buy the profile here.
4. Taikoo Li Xi’an Commercial Facility
The project involves the construction of a commercial facilities in Qujiang New District, Xi’an City, Shaanxi Province, China.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2026.
The project aims to provide the region with better living conditions and commercial facilities. Buy the profile here.
5. Wuhu Yangtze River Delta Intelligent Computing Center
The project involves the construction of an intelligent computing center in Wuhu, Anhui, China.
Construction work started in Q4 2023 and is expected to be completed in Q1 2027.
The new data center will enhance the level of internet support services and provide a comprehensive data solution which helps to enable business solutions. 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.
