One of the most pressing issues in the Philippines’ construction sector is a chronic housing shortage. Figures from the Subdivision and Housing Developers Association (SHDA) put the current national housing backlog at 4m. Based on a study by the University of Asia and the Pacific (UA&P), that could rise to 6.5m by 2030 if the situation is...
What segments offer the best value proposition for real estate developers wishing to diversify their portfolios both at home and abroad?
Slowly but surely, the adoption of green building practices in the Philippines in office, residential and public sector construction projects is gathering momentum. Adhering to corporate social responsibility commitments on climate change reduction, multinationals have been the first movers in terms of demand for more environmentally friendly...
The construction and real estate sectors make up around 20% of the Philippine economy, slightly ahead of manufacturing, and as of the first quarter of 2014 accounted for 7% of national employment. The industries have been thriving in a climate of political stability and upbeat business sentiment, spurred by growth in overseas workers’ remittances, investments into business process outsourcing...
The engineering, procurement and construction (EPC) segment in Abu Dhabi is dominated by oil and gas. The largest EPC project currently under way in the emirate is the development of the offshore Upper Zakum oilfield, which was awarded to Petrofac Emirates – a joint venture between Petrofac and Abu Dhabi government investment firm Mubadala Development Company – and its...
Are developers now looking to restart schemes that were placed on hold after the market downturn?
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