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July 29, 2022

Asia Pacific’s five largest hotel construction projects that commenced in Q2 2022

By Carmen

Here are Asia Pacific’s five largest hotel construction projects that were initiated in Q2 2022, according to GlobalData’s construction projects database.

1. Resorts World Sentosa Expansion – $3,319m

The project involves the expansion of an integrated resort in Singapore.

Construction work started in Q2 2022 and is expected to be completed in Q4 2026.

The aim of the project is to increase the gross floor area of the resort by around 50%. Once complete, it aims to provide a distinctive purpose-of-visit tourism experience and will integrate with the future Greater Southern Waterfront and is expected to become the centerpiece of the new entertainment hub of Asia.

2. 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 commenced in Q2 2022 and is expected to finish 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.

3. Iron Market Commercial Complex – $242m

The project involves the construction of a commercial complex with two 146m high, 42-story towers on 1.52ha of land in Hong Bang, Hai Phong, Vietnam.

Construction work started in Q2 2022 and is forecast to complete in Q4 2024.

The project aims to provide better hospitality and retail facilities in the region.

4. Goodwood Residence Mixed-Use Complex – $200m

The project involves the construction of a mixed-use complex in Sungai Ara, Penang, Malaysia.

Construction work commenced in Q2 2022 and is expected to be completed in Q4 2024.

The project aims to provide better residential facilities and commercial facilities in the region.

5. Crystal Holidays Harbor Van Don Tourism Resort and Entertainment Complex – $155m

The project involves the construction of a 26,020m2 tourism complex with five hotel buildings ranging from 28-33 stories comprising 2,274 hotel rooms and a four story mixed use building on 2.6ha of land.

Construction work started in Q2 2022 and is expected to be completed in Q4 2025.

The purpose of the project is to meet the demand for residential, commercial and leisure facilities in the region. It will also help in the growth of tourism in the country.

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.

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