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 healthcare building construction projects that were initiated in Q4 2024, according to GlobalData’s construction projects database.
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1. Shenyang International Smart Health City
The project involves the construction of an international smart health city in Shenyang, Liaoning, China.
Construction work started in Q4 2024 and is expected to be completed in Q4 2029.
The project aims to build a hospital to provide the region with better healthcare services.
2. Beijing BOE Hospital
The project involves the construction of a 1,500-bed hospital on a 10ha site area with a 326,000m2 gross floor area (GFA) in Fangshan, Beijing, China.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2026.
3. Melton Hospital Development
The project involves the construction of 274 beds, a 24-hour public hospital in Melbourne, Victoria, Australia.
Construction work started in Q4 2024 and is forecast to complete in Q3 2029.
The site is located 40km west of the Melbourne CBD, 4km southeast of central Melton, south of the Western Freeway, and close to the future Toolern train station on the Melton line. Buy the profile here.
4. New Shellharbour Hospital
The project involves the construction of a new Shellharbour Hospital in Dunmore, New South Wales, Australia.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2027.
The hospital aims to increase the bed capacity to meet the increased demand for healthcare services in the Southern Illawarra region. Buy the profile here.
5. Tseung Kwan O Joint-User Complex With Market Development
The project involves the construction of a new 12-story Joint-User complex with market at Area 67, in Tseung Kwan O, Sai Kung, Hong Kong.
Construction work started in Q4 2024 and is expected to be completed in Q2 2029.
The aim of the project is to construct the joint-user complex with market facilities in the region. 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.
