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July 28, 2022

Top five multi-family housing construction projects that commenced in Philippines in Q2 2022

By Carmen

Here are the top five multi-family housing construction projects that commenced in Philippines in Q2 2022, according to GlobalData’s construction projects database.

1. The Erin Heights – $50m

The project involves the construction of a 55-story condominium tower on 0.6ha of land in Quezon, Metro Manila, the Philippines.

Construction work started in Q2 2022 and is expected to be completed in Q4 2027.

The project aims to provide better residential facilities in the region.

2. Esperanza Towers – $40m

The project involves the construction of a 23-story mixed-use condominium tower in Cebu City, the Philippines.

Construction work commenced in Q2 2022 and is expected to finish in Q3 2024.

The aim is to provide better residential, co-working and commercial facilities in the region.

3. Mactan Newtown Pearl Global Residences – $30m

The Pearl Global Residences project involves the construction of a 20-story residential tower with 222 units on 0.2ha of land in Lapu-Lapu City, the Philippines.

Construction work started in Q2 2022 and is forecast to complete in Q4 2025.

The aim of the project is to provide better residential facilities in the region. MGAWY currently has 10 residential towers and four residential condominiums and it will be the 11th residential tower to rise inside The Mactan Newtown.

4. The Highline Tower by Avenir – $30m

The project involves the construction of a 23-story SoHo (Small Office/ Home Office) tower with 644 units in Central Visayas, the Philippines.

Construction work commenced in Q2 2022 and is expected to be completed in Q4 2024.

The project aims to provide better residential and commercial facilities in the region.

5. The Pinnacle Condominium – $25m

The project involves the construction of a 20-story residential tower with 574 units on 2,849sqm of land in Western Visayas, the Philippines.

Construction work started in Q2 2022 and is expected to be completed in Q4 2025.

Megaworld is investing $778 million for the development of the 72-ha township in the next 10 years and the firm’s single largest investment outside Metro Manila. It is the sixth residential building in the township.

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.

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