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 institutional building construction projects that were initiated in Q3 2024, according to GlobalData’s construction projects database.
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1. Sendai City Main Government Building Redevelopment
The project involves the construction of a 79.8m,15-story above-ground and two-story below-ground, administrative building with a floor area of 65,000m2 on 1.45ha of land in Sendai City, Miyagi Prefecture, Japan.
Construction work started in Q3 2024 and is expected to be completed in Q1 2031.
2. Atsugi City Complex Facility
The project involved the construction of 47,800m2, two nine-story buildings, and one basement on 1.28ha of land in Atsugi City, Kanagawa Prefecture, Japan.
Construction work commenced in Q3 2024 and is expected to finish in Q1 2027.
The main aim of the project is to provide better leisure facilities in the region.
3. Hainan Police Academy (Provincial Comprehensive Training Base) Phase I
The project involves the construction of a police academy (provincial comprehensive training base) on 124,500m2 GFA in Haikou, Hainan, China.
Construction work started in Q3 2024 and is forecast to complete in Q4 2026.
4. Vice Presidential Palace Complex
The project involves the construction of a Vice President’s palace of 10,038.4m2 on 14.8ha of land in Sepaku District, East Kalimantan, Indonesia.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2026.
The project aims to provide a better working place and administrative space in the new city development area by 2024.
5. Japan Keirin Instructor Institute
The project involves the construction of a 13,206m2, three-story training center at 1827 Ono in Izu City, Shizuoka Prefecture, Japan.
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.
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