From expansion of 18.4% in the last quarter of 2012 to 32% in the first quarter of 2013, the construction industry has shown consistent double-digit growth of late. According to the Philippine Development Plan 2011-16, the government intends to increase infrastructure spending to almost 5% of GDP by 2016. Rapid urbanisation and the pace of construction are likely to add to increasing demand for...
Philippines Construction
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Chapter | Construction & Real Estate from The Report: Philippines 2014
Although economic headwinds have thrown international markets off course, the Philippine economy has managed to stay on a relatively even keel. Local authorities note that while GDP growth slowed in 2011 relative to 2010 due to weak external demand and government underspending, household
Chapter | Construction & Real Estate from The Report: The Philippines 2012
The construction sector looks set to benefit from a major PPP initiative that should see its first big projects go to tender in 2012. Meanwhile, Manila is seeing robust growth, and the BPO boom is driving office development in Cebu City and beyond. There is demand for housing at all incomes levels, and while developers have typically focused on the high-margin luxury housing, affordable housing...
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