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 educational building construction projects that were initiated in Q1 2023, according to GlobalData’s construction projects database.
1. Perth CBD Edith Cowan University – $617m
The project involves the construction of a 60,000m2, 11-story educational campus in Perth CBD, Western Australia, Australia.
Construction work started in Q1 2023 and is expected to be completed in Q4 2025.
The aim of the project is to provide better educational facilities in CBD Perth. Buy the profile here.
2. Zhuhai Honghe Middle School Development – $108m
The project involves the construction of Honghe Middle School in Zhuhai, Guangdong, China.
Construction work commenced in Q1 2023 and is expected to finish in Q4 2025.
The purpose of the project is to meet the growing demand for education in the region and the supply of quality educational resources in the area.
3. Tan Kien Commune Pham Ngoc Thach Medical University Campus Two – $101m
The project involves the construction of a medical campus in Ho Chi Minh City, Vietnam.
Construction work started in Q1 2023 and is forecast to complete in Q4 2025.
The project aims to provide better medical educational facilities in the region. Buy the profile here.
4. USTP Villanueva Campus – $100m
The project involves the construction of a campus on 25ha of land in Villanueva, Misamis Oriental, the Philippines.
Construction work commenced in Q1 2023 and is expected to be completed in Q2 2026.
The project aims to provide better educational facilities in the region. Buy the profile here.
5. Hobart Forestry Building Redevelopment – $91m
The project involves the construction of educational buildings in Hobart, Tasmania, Australia.
Construction work started in Q1 2023 and is expected to be completed in Q4 2025.
The project aims to provide improved, contemporary, and more accessible facilities for students and staff in the region. It will be home to the University of Tasmania’s College of Business and Economics and Law School. 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.
