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 commercial and leisure construction projects that were initiated in Q3 2024, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. KUL2 Hyperscale Data Center
The project involves the construction of a 256,000m2 data centre comprising 10 buildings with a consumption capacity of 256MW on 14ha of land in Cyberjaya, Selangor, Malaysia.
Construction work started in Q3 2024 and is expected to be completed in Q4 2025.
The project will be Vantage’s second data centre and is located adjacent to its existing campus (KUL1) in Cyberjaya. It also aims to provide low-latency connectivity to major cities in the region, including Singapore, Bangkok and Jakarta. Buy the profile here.
2. Uchisaiwaicho 1-Chome District Redevelopment
The project involves the construction of a mixed-use complex with a floor area of 1,100,000m2 comprising four towers on 6.5ha of land in Tokyo, Japan.
Construction work commenced in Q3 2024 and is expected to finish in Q1 2038.
The project aims to provide better commercial and leisure facilities in the region.
3. Xi’An Northwest Science and Technology Innovation Center
The project involves the construction of a science and technology innovation center in Xi’an, Shaanxi, China.
Construction work started in Q3 2024 and is forecast to complete in Q2 2027.
It aims to develop a science and technology innovation center to fulfill the commecrical facilities in the region.
4. Hainan Pengyin Kunlun Intelligent Computing Industrial Park
The project involves the construction of an intelligent computing industrial park on a 7.6ha site area in Hainan, Qinghai, China.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2027.
5. Qinghai Delingha Intelligent Computing Center
The project involves the construction of an intelligent computing center in Delingha, Haixi Prefecture, Qinghai, China.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
For more details on the latest construction projects, buy the profiles here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
