Construction & Real Estate
From The Report: The Philippines 2017
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Nowhere are the effects of the Philippines’ sustained economic growth more apparent than in the construction industry, which is benefitting from pent-up demand and a positive outlook for future growth. This momentum has driven the industry to one of the highest growth rates in the country, with the Philippine Statistics Authority reporting growth of 11% in 2014, 10.4% in 2015 and a jump to 14.6% in 2016. Years of investment and strong economic development have fostered a robust real estate sector that now extends beyond Metro Manila and into secondary markets. Economic development and a growing middle class continue to fuel demand for new, high-grade residential units, while commercial investment drives an ever-increasing amount of retail and office space.

This chapter contains interviews with Bernard Vincent Dy, President and CEO, Ayala Land; and Alberto C Agra, Chairman, Philippine Reclamation Authority.

Articles from this Chapter

Overview

High rise: Economic growth spurs building in large cities as well as infrastructure development in more remote areas
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Nowhere are the effects of the Philippines’ sustained economic growth more apparent than in the construction industry, which is benefitting from pent-up demand and a positive outlook for future growth. This favourable momentum has driven the industry to one of the country’s highest growth rates, with data from the Philippine Statistics Authority (PSA) reporting growth of 11% in 2014, 10.4% in 2015 and a jump to 14.6% in 2016. As a result, the construction industry’s economic contribution…

Interview

Sustainable progress: Bernard Vincent Dy, President and CEO, Ayala Land, on managing the rise of mixed-use developments
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Interview: Bernard Vincent Dy In what ways can mixed-use developments help ensure environmental sustainability? BERNARD VINCENT DY: Developers who are focused on mixed-use communities need to have a broader view of sustainability – one that identifies initiatives for a wider market. Within this framework, four key sustainability initiatives have been integrated into our mixed-use developments. The first initiative emphasises safety and site resilience. The Philippines is susceptible to natural…

Interview

On firm ground: Alberto C Agra, Chairman, Philippine Reclamation Authority (PRA), on the opportunities and challenges of reclamation projects
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Interview: Alberto C Agra What role does reclamation play in stimulating economic and infrastructure development? ALBERTO C AGRA: Reclamation is not an end in itself, but a transformative and goal-oriented endeavour. In the development stage of any land reclamation project, there must be a vision that highlights the ultimate goal of this type of undertaking. These projects should be aimed at lifting people’s quality of life, reducing poverty, generating jobs, and strengthening the collaboration…

Overview

Booming cities: The need for office space and other facilities is pushing investment to nearby locales
OBG
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Years of investment and strong economic development in the Philippines have fostered a robust real estate sector that now extends outside of the greater Metro Manila region and into secondary markets around the country. Economic development and a growing middle class continue to fuel demand for new, high-grade residential units, while commercial investment drives an ever-increasing amount of retail and office space. Fortunately for the Philippines, less exposure to international markets…