With a number of previously stalled infrastructure projects kick-started under the administration of President Rodrigo Duterte, the demand for construction materials has reached new heights. Driven by the Build, Build, Build (BBB) programme, the wholesale price of construction materials reached a five-year high during the last quarter of 2017...
Favourable government policies and a growing, increasingly urbanised population have created fertile ground for the expansion of the Philippines’ construction sector in recent years. Driven by major investments in transport networks, residential complexes and social housing, the construction industry grew at an average annual rate of 12% from...
Insufficient levels of affordable housing across urban centres is one of the more complex issues facing the government, with the challenge compounded by the pace of urbanisation currently under way.
In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural...
Renewed growth in Sri Lanka’s construction industry is being supported by a combination of mega-projects with international partners, strong domestic demand and public investments in infrastructure. Following a slowdown in 2015, the sector is once again enjoying double-digit growth, possessing a strong order book with international investors...
Consistent income growth, urbanisation, the expansion of both domestic and foreign businesses, and the burgeoning appeal of property as an asset class among local investors have all contributed to the dynamism of Sri Lanka’s real estate sector. Developers have responded to this rising demand by investing in a substantial expansion of supply....
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