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 Q2 2024, according to GlobalData’s construction projects database.
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1. New Women and Children Hospital
The project involves the construction of a new women’s and children’s hospital in Adelaide, South Australia, Australia.
Construction work started in Q2 2024 and is expected to be completed in Q4 2031.
The project aims to provide direct access to babies, children, and women to an adult intensive care unit and to the RAH’s helipad significantly reducing the risk of transferring maternity and neonatal emergencies.
2. Bedok North Eastern General and Community Hospitals
The project involves the construction of a 1,400-bed general and community hospital campus in Bedok North, Singapore.
Construction work commenced in Q2 2024 and is expected to finish in Q4 2030.
3. New Toowoomba Hospital
The project involves the construction of a hospital on 75ha of land in Baillie Henderson, Queensland, Australia.
Construction work started in Q2 2024 and is forecast to complete in Q2 2027.
The purpose of the project is to meet the growing healthcare needs in the region. It will create 3,127 construction jobs.
4. Alexandra Hospital Redevelopment
The project involves the redevelopment of a hospital on 13.3ha of land in Singapore.
Construction work commenced in Q2 2024 and is expected to be completed in Q4 2028.
5. Flinders Medical Center
The project involved the upgrade of Flinder’s Medical Centre with 160 new beds in Bedford Park, South Australia.
Construction work started in Q2 2024 and is expected to be completed in Q4 2028.
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.
