The value of Philippines construction market is forecasted by GlobalData to grow by 7.0% in real terms in 2023, having grown by 12.7% in 2022. A key growth market will be the infrastructure market, with output rising by 6.4% 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 the five largest construction projects initiated in Philippines during Q4 2023, according to GlobalData’s construction projects database.
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1. Strike Towers
The project involves the construction of a residential condominium comprising nine, 15-story buildings in Calabarzon, the Philippines.
Construction work started in Q4 2023 and is expected to be completed in Q4 2026.
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2. Park East Place
The project involves the construction of a 59-story Park East Place condominium in Bonifacio Global City (BGC), Taguig, Metro Manila, the Philippines.
Construction work commenced in Q4 2023 and is expected to finish in Q3 2030.
3. General Santos Futura Bay
The project involved the construction of condominium complex in Soccsksargen, the Philippines.
Construction work started in Q4 2023 and is forecast to complete in Q1 2028.
The project aimed to enhance the residential as well as commercial facilities by using mixed-use condos building to meet the changing lifestyle of the people in the region.
4. Davao River Bridge
The project involves the construction of dual two lane road with a total length of 1,340m in Davao city.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2025.
The aim of the project is to seeing the Davao River Bridge serve the local economic development and people’s livelihood at an early date. Buy the profile here.
5. Olin at Jade Drive Condominium
The project involves the construction 52-story Olin at Jade Drive comprising 1,245 units in the Ortigas Central Business District, the Philippines.
Construction work started in Q4 2023 and is expected to be completed in Q4 2029.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
