According to GlobalData, the value of Brazil construction market is forecast to grow by 2.7% in real terms in 2023, having grown by 7.4% in 2022. A key growth market will be the infrastructure market, with output rising by 3.7% 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 top five multi-family housing construction projects that commenced in Brazil in Q4 2023, according to GlobalData’s construction projects database.

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1. Salvador Cidade Sete Sois Residential Complex

The project involves the construction of Cidade Sete Sois Residential Complex on 32.08ha of land in Salvador, Bahia.

Construction work started in Q4 2023 and is expected to be completed in Q4 2025.

The objective of the project is to develop a global center to attract new business opportunities and provide enhanced shopping and living experience for people in the region. Buy the profile here.

2. Bauru Horizon Mixed Use Development

The project involves the construction of the Bauru Horizon mixed-use complex in Bauru, São Paulo.

Construction work commenced in Q4 2023 and is expected to finish in Q4 2025.

Buy the profile here.

3. Fortaleza BS Gold Residential Project

The project involves the construction of a BS Gold residential complex in Fortaleza, Ceará.

Construction work started in Q4 2023 and is forecast to complete in Q1 2025.

4. Guaruja Enseada 360 Phase 2 Residential Complex

The project involves the construction of a residential complex in Guarujá, São Paulo.

Construction work commenced in Q4 2023 and is expected to be completed in Q4 2025.

Buy the profile here.

5. Origin Santo Andre Residencial Complex

The project involves the construction of a residential complex on 5504.71m2 of land in Santo André, São Paulo.

Construction work started in Q4 2023 and is expected to be completed in Q4 2025.

Buy the profile here.

For more details on the latest construction projects, buy the profiles here.

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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.