Asian nations in race to build concert venues
At least 10 new concert spots to debut across the region by 2030
LIVE concerts are all the rage these days, and Asia’s red-hot live entertainment scene is about to get hotter. As countries haul in billions in tourism revenue from concert goers, more cities across the region are splurging to amp up their appeal.
South Korean city Incheon opened its 15,000-seat Inspire Arena this month. In February, Bangkok offered up a new 6,000-capacity entertainment venue. Macau inaugurated its largest indoor arena with 16,000 seats last year. In 2022, Kuala Lumpur unveiled a 2,400-seat concert hall, and Jakarta opened an 82,000-seat stadium.
More venues, each boasting a huge capacity and stunning features, including a retractable roof and convertible pitch, are set to open their doors, mostly between this year and 2030. As it stands, 10 new entertainment facilities are in the pipeline in Singapore, Bangkok, Hong Kong, Japan, South Korea and Taiwan.
1. Singapore: 15,000-seat entertainment arena
What: Marina Bay Sands (MBS) announced in April 2019 its S$4.5 billion expansion plan involving the development of a fourth tower, which will feature a 15,000-seat entertainment arena.
Where: Adjacent to MBS, on an empty plot flanked by Bayfront Avenue, Sheares Avenue and Sheares Link
When: Apr 8, 2028, at the latest
A NEWSLETTER FOR YOU
Asean Business
Business insights centering on South-east Asia's fast-growing economies.
2. Singapore: New indoor arena
What: Singapore announced in Parliament in March 2024 that it intends to develop a new indoor arena that will be “among the best-in-class globally”.
Where: Adjacent to the current Singapore Indoor Stadium site in Kallang
When: No timeline provided yet
3. Bangkok: 15,000-seat arena
What: Thai retailer The Mall Group and sports and live entertainment company AEG announced in 2018 their partnership to develop a 15,000-seat arena.
Where: Bang Na district
When: 2026
4. Bangkok: 5,000-seat hall
What: The Bangkok International Trade & Exhibition Centre will open a 5,000-seat hall, Thai news website The Nation reported in February 2024.
Where: Bangkok International Trade & Exhibition Centre in Bang Na district
When: June 2024
5. Hong Kong: Kai Tak Sports Park
What: The Kai Tak Sports Park will boast a 50,000-seat stadium, 10,000-seat indoor sports centre and 5,000-seat public sports ground.
Where: On the site of the former Hong Kong International Airport in Kowloon
When: End-2024
6. Japan: 18,000-capacity arena in Suita
What: In 2021, it was reported that a consortium formed by Mitsubishi Corporation Urban Development, AEG, and Kanden Realty & Development was selected to develop and open an 18,000-capacity arena, due to become Japan’s second-largest indoor arena.
Where: Within the Expo Commemoration Park in Suita, a city in Osaka prefecture
When: 2027
7. Japan: 17,000-capacity arena in Nagoya
What: IG Arena is set to host the Asian Games and Asian Para Games from September to October in 2026.
Where: Nagoya, capital of Aichi prefecture
When: June 2025
8. South Korea: 18,000-seat arena in Seoul
What: South Korean Internet giant Kakao and the Seoul Metropolitan Government announced in April 2022 the construction of an 18,000-seat arena dedicated to K-pop events. The arena is said to feature a separate 7,000-capacity concert hall.
Where: Chang-dong, a neighbourhood in Dobong district in northern Seoul
When: October 2025
9. South Korea: 20,000-capacity arena in Goyang
What: Film production company CJ LiveCity, a subsidiary of conglomerate CJ Group, and AEG announced in June 2019 the construction of a 20,000-capacity arena with an outdoor space for 40,000 people dedicated to K-pop events.
Where: Goyang, a city in Gyeonggi province
When: 2024
10. Taiwan: Taichung Arena
What: Two arenas are expected to be built – a main one that seats 15,500 people and a secondary 5,000-capacity one.
Where: Near the Taichung Intercontinental Baseball Stadium in Beitun district, Taichung
When: 2030
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Global
China’s factory activity grows at slower pace in April
Binance and CZ’s fortunes are set to grow, jail or no jail
Samsung says Q1 operating profits soar nearly tenfold on-year
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
China’s BYD shows effects of price war with weaker first-quarter earnings
Red Cross finances ‘stabilised’, new chief says