According to GlobalData, the value of Philippines construction market is forecast 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 top five multi-family housing construction projects that commenced in Philippines in 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. 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 commenced in Q4 2023 and is expected to be completed in Q4 2029.

5. Midori Terraces

The project involves the construction of 77 buildings with three-story residential towers on 4.1ha of land in Rizal, Calabarzon, the Philippines.

Construction work started in Q4 2023 and is expected to be completed in Q1 2027.

It is the first housing project in the Philippines.

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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.