Construction sector in the Philippines

The construction sector is one of the important industries that the government has been focusing on since 2016. With the aim to build more infrastructure construction to help ease traffic and trade across all regions, 100 infrastructure flagship projects have been prepared by the public sector as of February 17, 2020. The majority of these developments would be enforced by the Department of Public Works and Highways and the Department of Transportation. The DPWH would manage 38 projects and 42 projects from DOTr.

One of the big tickets in the government's infrastructure development plan is the Metro Manila Subway Project, which would be managed by the DOTr, which would cost around 357 billion Philippine pesos. Its targeted completion year is on 2025, and the construction would commence in six to eight months from February 2020. Other high-valued tickets in the pipeline that would begin construction in six to eight months are the North-South Commuter railway extensions (PNR North 2, PNR South commuter), PNR South long haul, Bataan-Cavite interlink bridge, Panay-Guimaras Negros bridge, Taguig integrated terminal exchange and the New Manila International Airport.

The" Build Build Build" program which significantly introduces the administration's intent to propel the country in achieving more developed and connected life among Filipinos, have so far increased the number of licenses for building contractors in the Philippines. In 2018, approximately 4.8 thousand permits were issued for general engineering contractors, 3.7 thousand for general building, around 1.6 for trade contractors, and one thousand for specialty contractors. Moreover, the number of building permits has been on the rise since 2016. For non-residential building permits alone, there were approximately 24.4 thousand permit issuances in 2018 compared to only 17.9 thousand licenses in 2016.

Within the private sector, the motivation to construct buildings is driven not only by the "Build build build" program but also by the income potential in the real estate business. Private construction caters both to residential and non-residential unit consumers. Different business sectors occupy a large amount of office space in the country, especially in the National Capital Region for their operations. Across the region, the Philippine Offshore Gaming Operators (POGO) occupied about 738 thousand square meters of office space while businesses engaged in information technology occupied around 573 thousand square meters. Other companies not belonging to these categories occupied only 379 thousand square meters.

In terms of residential units' supply, the number of condominium units within the major districts of Metro Manila has shown a different kind of appetite on property investments. At the end of 2018, the supply of condominium units among the highly urbanized cities of Fort Bonifacio, Makati, Bay area, and the Ortigas Center were higher compared to Alabang, Araneta Center and Rockwell Center.

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Construction sector in the Philippines

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Number of issued licenses within the National Capital Region from 2010 to 2019

Number of residential building permits in select regions in 2018

Number of condominium units in select locations of Metro Manila in 2018

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