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.
Here are Asia Pacific’s five largest multi-family housing construction projects that were initiated in Q4 2024, according to GlobalData’s construction projects database.
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1. Bentley Redevelopment: Residential Community
The project involves the construction of 1,000 residential homes on 30ha of land in Bentley, Perth, Australia.
Construction work started in Q4 2024 and is expected to be completed in Q4 2029.
2. Prestige Park Grove Residential Township
The project involves the construction of a 901,159.48m2 residential township comprising 3,627 apartments in 19 towers with three basements, 23 to 41 floors, and 88 villas on 21.81ha of land in Bengaluru, Karnataka, India.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2027.
The project aims to provide a luxurious and comfortable living experience in Bangalore.
3. Kalea Heights Residential Complex
The project involves the construction of a condominium complex on 4.6ha of land in Cebu, Central Visayas, the Philippines.
Construction work started in Q4 2024 and is forecast to complete in Q3 2031.
4. 889-913 Collins Street Residential Development
The project involves the construction of a 3,394m2, 24-story residential complex comprising 499 apartments at 899 Collins Street, Melbourne’s Docklands, Australia.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2026.
5. Macquarie Rise Residential Complex
The project involves the construction of three 12 to 14-story residential towers comprising 265 apartments in Sydney, New South Wales, Australia.
Construction work started in Q4 2024 and is expected to be completed in Q4 2027.
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.
