The value of Philippines construction market is forecasted by GlobalData to grow by 7.0% in real terms in 2024, having grown by 12.7% in 2023. 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 five largest construction projects initiated in Philippines during Q4 2024, according to GlobalData’s construction projects database.
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1. Kalea Heights Residential Complex
The project involves the construction of a condominium complex on 4.6ha of land in Cebu, Central Visayas, the Philippines.
Construction work started in Q4 2024 and is expected to be completed in Q3 2031.
2. Crown Regency Grand Paradise Resort
The project involves the construction of 588 rooms on 2.9ha of land in Central Visayas, the Philippines.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2025.
3. Negros Solar PV Power Plant 145 MW
The project involves the construction of a 145MW solar PV power plant on 97ha of land in Negros Occidental province, the Philippines.
Construction work started in Q4 2024 and is forecast to complete in Q4 2025.
The project aims to expand Nefix’s footprint in the Philippines to power up to 52,600 households and meet the growing demand for power in the region. Buy the profile here.
4. Bacolod Solar PV Park 145 MW
The project involved the construction of a 145MW solar pv park in Bacolod and Bago City, Negros Occidental, Western Visayas, the Philippines.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2025.
5. Philippine Air Force Residential Facility
The project involves the construction of a Philippine Air Force (PAF) housing facilities on 65ha of land in Tarlac City, Central Luzon.
Construction work started in Q4 2024 and is expected to be completed in Q3 2026.
For more details on the latest construction projects, buy the profiles here.
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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.
