Construction & Real Estate

The construction sector has the potential to satisfy the housing demands of Trinbagonians, improve the transport infrastructure and support economic growth over the long term. Local professionals have been largely responsible for the built environment of Trinidad and Tobago until recently, and the domestic sector still has strong potential to develop local capabilities outside T&T. However, proper planning is required to ensure that the sector can advance in a way that safeguards the interests of the country’s future generations. In the face of subdued demand and the resulting competition for tenants, developers are adapting to the shifting demographics and rising requirements for improved service delivery and amenities in the office and residential segments. Longer-term growth will be largely dependent on the health of the economy, as this could once again shift the dynamics of real estate in T&T. As the economy rebounds, market demand is expected to gradually catch up to supply. This chapter includes an interview with Meng Yan, Managing Director, China Railway Construction (Caribbean) Company.