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 office building construction projects that were initiated in Q4 2024, according to GlobalData’s construction projects database.
1. Yaesu 1-Chome North District Type One Urban Redevelopment
The project involves the construction of two commercial buildings with a total floor area of 1,82,560m2 on 1.6ha of land in Chuo-ku, Tokyo, Japan.
Construction work started in Q4 2024 and is expected to be completed in Q4 2031.
The project’s main aim is to provide better office, retail, and hospital facilities in the region. Buy the profile here.
2. Mandiri Financial Center
The project involves the construction of two office complexes spanning 100,000m2 across a 1.2ha area PIK 2 (Pantai Indah Kapuk), Tangerang, Banten, Indonesia.
Construction work commenced in Q4 2024 and is expected to finish in Q2 2027.
3. N3-5 Project
The project involves the construction of a 59.79m high, 24,122.82 m2, a 13-story office building on 0.22ha of land in Nagoya-shi, Aichi Prefecture, Japan.
Construction work started in Q4 2024 and is forecast to complete in Q4 2026.
4. Sakore Nagar Malpani Kautilya Office Building
The project involves the construction of a 126,348m2, 21-story commercial tower named Malpani Kautilya on a land of 1.13ha in Pune, Maharashtra, India.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2026.
5. Bendigo Prime Business Park
The project involves the construction of a business park on 2.23ha of land in Bendigo, Victoria, 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, 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.
