Here are Asia Pacific’s five largest multi-family housing construction projects that were initiated in Q2 2022, according to GlobalData’s construction projects database.
1. Minamiikebukuro Two Chome C Area Type One Urban Redevelopment – $1,022m
The project involves the construction of twin residential towers with a total floor area of 1,89,410m2 on 1.51ha of land in Tokyo, Japan.
Construction work started in Q2 2022 and is expected to be completed in Q4 2025.
The project aims to provide better residential facilities in the region.
2. Waterloo Metro Quarter Development – $650m
The project involves the construction of a mixed-use community in Sydney, New South Wales, Australia.
Construction work commenced in Q2 2022 and is expected to finish in Q4 2024.
The project aims to provide better residential, commercial, and accommodation facilities in the region.
3. Cadia Qui Nhon Mixed-Use Development – $320m
The project involves the construction of two 40-story mixed-use tower on 0.52ha of land in Binh Dinh, Vietnam.
Construction work started in Q2 2022 and is forecast to complete in Q4 2024.
The purpose of the project is to provide a diverse range of facilities including retail, residential and other facilities to meet the lifestyle needs of people in the region.
4. LIV Aston Build-To-Rent Development – $284m
The project involves the construction of 474 build to rent apartments in Melbourne, Victoria, Australia.
Construction work commenced in Q2 2022 and is expected to be completed in Q4 2024.
The project aims to provide better residential facilities in the region.
5. Kai Tak Site 2B5 Public Housing Development – $250m
The project involves the construction of a public housing development at site 2B5 in Kai Tak, Kowloon, Hong Kong.
Construction work started in Q2 2022 and is expected to be completed in Q4 2025.
The purpose of the project is to cater the high demand of public housing in the region.
Methodology:
This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.
