Construction & Real Estate

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 could yet be an attractive business. Furthermore, the Philippines’ underdeveloped tourist market gives developers and construction firms an opportunity to construct resorts and other infrastructure for visitors. This section features interviews with David Consunji, Chairman, DMCI Holdings; Joseph M Yap, CEO, Filinvest Land; and Jacques Dupasquier, Chairman, The Net Group.