This chapter includes the following articles.
Construction & Real Estate
![Philippines Construction & Real Estate Philippines Construction & Real Estate](https://drupal.oxfordbusinessgroup.com/sites/default/files/styles/chapter_header__710x233_/public/chapter_headers/con1_19.png?itok=3CtbEdb7&c=ecfc29d30c087b13d282da7231787ea6)
Nowhere are the effects of the Philippines’ sustained economic growth more apparent than in the construction industry, which is benefitting from pent-up demand and a positive outlook for future growth. This momentum has driven the industry to one of the highest growth rates in the country, with the Philippine Statistics Authority reporting growth of 11% in 2014, 10.4% in 2015 and a jump to 14.6% in 2016. Years of investment and strong economic development have fostered a robust real estate sector that now extends beyond Metro Manila and into secondary markets. Economic development and a growing middle class continue to fuel demand for new, high-grade residential units, while commercial investment drives an ever-increasing amount of retail and office space.
This chapter contains interviews with Bernard Vincent Dy, President and CEO, Ayala Land; and Alberto C Agra, Chairman, Philippine Reclamation Authority.