Here are the top five multi-family housing construction projects that commenced in the Philippines in Q3 2021, according to GlobalData’s construction projects database.
1. San Fernando Mixed-Use Complex – $119m
The project involves the construction of a mixed-use complex on 2.8ha of land in Telabastagan, San Fernando.
Construction work started in Q3 2021 and is expected to be completed in Q4 2023.
The main aim of the project is to cater to the growing demand for residential and commercial facilities in the region.
2. Mandtra Residences – $64m
The Mandtra Residences involves the construction of three towers comprising 1,879 units on 1.2 ha of land in Cebu.
Construction work commenced in Q3 2021 and is expected to finish in Q4 2027.
The project aims to provide better residential facilities in the region.
3. The Southpark Residences – $32m
The project involves the construction of two 10-story and one 13-story residential tower on 2.1ha of land in Cebu City.
Construction work started in Q3 2021 and is forecast to complete in Q1 2023.
The aim of the project is to provide better residential facilities for soldiers, policemen and government employees.
4. Lucima Condominium – $30m
The project involves the construction of a 37-story mixed-use condominium on 0.2ha of land in Cebu Business Park.
Construction work commenced in Q3 2021 and is expected to be completed in Q3 2025.
The main aim of the project is to cater to the growing demand for residential facilities in the region.
5. San Juan Public Housing Tower – $26m
The project involves the construction of a 23-story residential tower comprising 549 residential units on 0.3ha of land in San Juan, Metro Manila.
Construction work started in Q3 2021 and is expected to be completed in Q2 2024.
The project aims to provide better residential facilities in the region. The project is the second socialized public housing project in San Juan.
Methodology:
This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.