With a project value of $1,940 million, the Clevo/ Hongwell Grp – Taipei Twin Towers Development – Taipei project was the largest Hotels project in the Asia-Pacific, on which construction started in Q4 2022. The Clevo/ Hongwell Grp – Taipei Twin Towers Development – Taipei project is located in Taiwan and initially announced in Q4 2019 with an estimated completion in Q4 2027. The JR-West RE / Nomura RE/ Urban Redev Assoc Okayama – Okayama City Ekimaecho 1-2-3-4 District Type 1 Urban Redevelopment – Okayama project was the second-largest project with a project value of $500 million, on which construction work started in Q4 2022. The JR-West RE / Nomura RE/ Urban Redev Assoc Okayama – Okayama City Ekimaecho 1-2-3-4 District Type 1 Urban Redevelopment – Okayama project is located in Japan and initially announced in Q1 2019 with an estimated completion in Q1 2026.
The Oxford Properties – 132 Kavanagh Street Mixed-Use Development – Victoria project was the third-largest project, the Hotel Okura – Grand Nikko Bangkok Sathorn Hotel – Bangkok was the fourth-largest project, and the Anhui Conch Ven – Hotel NDC 2 Molas – North Sulawesi was the fifth-largest project with a project value of $300 million, $208 million and $150 million respectively. The Oxford Properties – 132 Kavanagh Street Mixed-Use Development – Victoria project located in Australia was announced in Q1 2018 with an estimated completion in Q4 2024, the Hotel Okura – Grand Nikko Bangkok Sathorn Hotel – Bangkok project located in Thailand was announced in Q1 2022 with an estimated completion in Q4 2025 and the Anhui Conch Ven – Hotel NDC 2 Molas – North Sulawesi project located in Indonesia was announced in Q1 2022 with an estimated completion in Q4 2024.
Among the five largest projects, the Clevo/ Hongwell Grp – Taipei Twin Towers Development – Taipei project is the longest in terms of completion date, with construction expected to be completed in Q4 2027. On the other hand, the Oxford Properties – 132 Kavanagh Street Mixed-Use Development – Victoria project is the shortest in terms of completion date, with construction expected to be completed in Q4 2024.
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