The construction market in South and Central America is forecasted by GlobalData to grow by 1.6% in real terms in 2024, having grown by 4.0% in 2023. A key growth market will be the infrastructure market, with output rising by 2.5% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are South and Central America’s five largest multi-family housing construction projects that were initiated in Q3 2024, according to GlobalData’s construction projects database.
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1. Cidade Sete Sois Pirituba Residential Complex
The project involves the construction of Cidade Sete Sois Pirituba Residential Complex on an area of 170ha of land in Sao Paulo, Brazil.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
It will generate around 1,2000 jobs in the region. Buy the profile here.
2. Luziania Low Income Housing Development
The project involves the construction of 3000 low-income housing apartments in Luziânia, Goiás, Brazil.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2025.
The objective of the project is to build new housing units for the people of the Goiás region to improve their standard of living.
3. Osten Tower Development
The project involves the construction of a 25-story residential tower in the Puerto Madero neighborhood,Buenos Aires Province, Argentina.
Construction work started in Q3 2024 and is forecast to complete in Q4 2025.
4. Polynesia Urban Club Residential Complex
The project involves the construction of a residential complex on a 1.07ha area in Joinville, Santa Catarina, Brazil.
Construction work commenced in Q3 2024 and is expected to be completed in Q1 2027.
5. Gloria Urban Club Towers
The project involves the construction of a residential complex on a 1.07ha area in Joinville, Santa Catarina, Brazil.
Construction work started in Q3 2024 and is expected to be completed in Q2 2027.
For more details on the latest construction projects, buy the profiles here.
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