Construction in the Philippines - Key Trends and Opportunities to 2018

Published: Sep, 2014 | Pages: 72 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)


Synopsis
This report provides detailed market analysis, information and insights into the Philippine construction industry including:
The Philippine construction industry's growth prospects by market, project type and type of construction activity
Analysis of equipment, material and service costs across each project type in the Philippines
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Philippine construction industry
Analyzing the profiles of the leading operators in the Philippine construction industry.
Data highlights of the largest construction projects in the Philippines 

Summary
The Philippine construction industry increased in value at a compound annual growth rate (CAGR) of 12.01% during the review period (2009?2013). This growth was supported by public investments in the infrastructure and residential markets, which are expected to be the main growth drivers over the forecast period (2014?2018). The industry is projected to record a forecast-period CAGR of 9.90%. Business process outsourcing, public-private partnership (PPP) initiatives and rise in the number of tourist arrivals will also drive industry expansion, leading to the construction of more residential properties, roads, bridges, offices and power plants. 
Scope
This report provides a comprehensive analysis of the construction industry in the Philippines. It provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Philippines using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Detailed profiles of the leading construction companies in Philippines 
Reason To Buy
 Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologies
Assess market growth potential at a micro-level with over 600 time-series data forecasts
Understand the latest industry and market trends
Formulate and validate business strategies using Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors 
Key Highlights
 Construction value add in nominal terms registered a review-period CAGR of 10.18%. The construction value add is expected to register a CAGR of 10.63% over the forecast period, owing to the country's robust economic conditions. The forecast-period outlook for construction in the country is more optimistic, with increased government spending, an increased proportion of construction expenditure in the country's GDP, and the rise in the number of tourist arrivals. 
The Philippine construction activity has been growing. According to the Philippine Statistics Authority (PSA), the number of approved building permits increased by 20.8%, from 24,400 new construction projects in the first quarter of 2013 to 29,468 in the first quarter of 2014. Moreover, residential-type building projects recorded a faster rate of expansion, with 17.1%, compared with non-residential buildings with 15.2%. While the rise in activity indicates improvements in the industry, there are concerns over the impact this will have on material and labor prices.  
In a bid to revive the country's housing market and meet demand from the growing population, the Housing and Land Use Regulatory Board (HLURB) has set a target to construct 1 million housing units by 2016, and also announced the construction of 301 condominium projects in Metro Manila, constituting 134,421 housing units over 2013-2017. Of the total, the mid-market segment consisted of 49,997 units (37.0%), while one-bedroom housing units accounted for 104,028 units (77.0%). Residential sales are stronger among the high-end market and foreigners, as they are more prone to leasing and renting property. This will support residential construction activity in the country over the forecast period. 
The central region of the Philippines was struck by Typhoon Rammasun in July 2014, with Manila being the worst affected city. The typhoon inflicted damage to infrastructure and also caused a power blackout. Consequently, reconstruction works are expected to support infrastructure construction over the forecast period based on excess demand for construction activities in the country. 
The Philippines invested heavily in infrastructure projects during the review period, with this anticipated to continue over the forecast period. In October 2012, the Philippines Department of Public Works and Highways (DPWH) announced plans to launch several infrastructure projects over the forecast period, amounting to PHP239.1 billion (US$5.5 billion). This will include the construction of PPP projects such as the 7.15km-long Ninoy Aquino International Airport Expressway, the C-6 Expressway and Global Link, the 13.4km North Luzon Expressway-South Luzon Expressway (NLEx-SLEx), the Connector-Elevated Expressway and Metro Manila Skyway Stage-3, the 36.0km-long Cavite-Laguna Expressway, the Kennon Road and Marcos Highway improvement, and the second phase of the Southern Tagalog Arterial Road. It also aims to construct new bridges, upgrade unpaved roads, and upgrade expressways and highways. The major project will be a 10-year contract for the operation and maintenance of Manila's electric train systems, which will amount to PHP14.1 billion (US$325.0 million).

 1 Executive Summary
2 Market Overview
2.1 Key Trends and Issues
2.2 Benchmarking by Market Size and Growth
3 Commercial Construction
3.1 Performance Outlook
3.2 Key Trends and Issues
3.3 Data and Project Highlights
4 Industrial Construction
4.1 Performance Outlook
4.2 Key Trends and Issues
4.3 Data and Project Highlights
5 Infrastructure Construction
5.1 Performance Outlook
5.2 Key Trends and Issues
5.3 Data and Project Highlights
6 Institutiol Construction
6.1 Performance Outlook
6.2 Key Trends and Issues
6.3 Data and Project Highlights
7 Residential Construction
7.1 Performance Outlook
7.2 Key Trends and Issues
7.3 Data and Project Highlights
8 Company Profile: Ayala Land, Inc.
8.1 Ayala Land, Inc. - Company Overview
8.2 Ayala Land, Inc. - Business Description
8.3 Ayala Land, Inc. - Main Services
8.4 Ayala Land, Inc. - History
8.5 Ayala Land, Inc. - Company Information
8.5.1 Ayala Land, Inc. - key competitors
8.5.2 Ayala Land, Inc. - key employees
9 Company Profile: Megaworld Corporation
9.1 Megaworld Corporation - Company Overview
9.2 Megaworld Corporation - Main Services
9.3 Megaworld Corporation - Company Information
9.3.1 Megaworld Corporation - key competitors
9.3.2 Megaworld Corporation - key employees
10 Company Profile: EEI Corporation
10.1 EEI Corporation - Company Overview
10.2 EEI Corporation - Main Products and Services
10.3 EEI Corporation - History
10.4 EEI Corporation - Company Information
10.4.1 EEI Corporation - key competitors
10.4.2 EEI Corporation - key employees
11 Company Profile: Robinsons Land Corporation
11.1 Robinsons Land Corporation - Company Overview
11.2 Robinsons Land Corporation - Business Description
11.3 Robinsons Land Corporation - Main Services
11.4 Robinsons Land Corporation - History
11.5 Robinsons Land Corporation - Company Information
11.5.1 Robinsons Land Corporation - key competitors
11.5.2 Robinsons Land Corporation - key employees
12 Company Profile: Century Properties Group, Inc.
12.1 Century Properties Group, Inc. - Company Overview
12.2 Century Properties Group, Inc. - Main Services
12.3 Century Properties Group, Inc. - History
12.4 Century Properties Group, Inc. - Company Information
12.4.1 Century Properties Group, Inc. - key competitors
12.4.2 Century Properties Group, Inc. - key employees
13 Market Data Alysis
13.1 Construction Output and Value Add
13.1.1 Construction output by project type
13.1.2 Construction output by cost type
13.1.3 Construction output by activity type
13.1.4 Construction value add by project type
13.2 Commercial Construction
13.2.1 Commercial construction output by project type
13.2.2 Commercial construction output by cost type
13.2.3 Commercial construction output by activity type
13.2.4 Commercial construction value add by project type
13.3 Industrial Construction
13.3.1 Industrial construction output by project type
13.3.2 Industrial construction output by cost type
13.3.3 Industrial construction output by activity type
13.3.4 Industrial construction value add by project type
13.4 Infrastructure Construction
13.4.1 Infrastructure construction output by project type
13.4.2 Infrastructure construction output by cost type
13.4.3 Infrastructure construction output by activity type
13.4.4 Infrastructure construction value add by project type
13.5 Institutiol Construction
13.5.1 Institutiol construction output by project type
13.5.2 Institutiol construction output by cost type
13.5.3 Institutiol construction output by activity type
13.5.4 Institutiol construction value add by project type
13.6 Residential Construction
13.6.1 Residential construction output by project type
13.6.2 Residential construction output by cost type
13.6.3 Residential construction output by activity type
13.6.4 Residential construction value add by project type
14 Appendix
14.1 What is This Report About?
14.2 Definitions
14.3 Summary Methodology
14.4 Methodology
14.5 Contact Timetric
14.6 About Timetric
14.7 Timetric's Services
14.8 Disclaimer


List of Tables
Table 1: Benchmarking with Other Major Construction Industries
Table 2: Commercial Construction Project 1 - UEC/FPH/CPG - Manila Casino Resort Complex - The Philippines
Table 3: Commercial Construction Project 2 - TRIE - Paraque Manila Bay Resorts - The Philippines
Table 4: Commercial Construction Project 3 - BEL - Belle Pagcor City Entertainment Complex - The Philippines
Table 5: Industrial Construction Project 1 - RLC - Bridgetown Business Park - tiol Capital Region
Table 6: Industrial Construction Project 2 - YTPI - Clark Tire Manufacturing Plant Expansion - Pampanga
Table 7: Industrial Construction Project 3 - GLEN.L - Isabel Smelting Plant Expansion - Leyte
Table 8: Infrastructure Construction Project 1 - GGDC/KGLI - Sabah Al-Ahmad Global Gateway Logistics City - Pampanga
Table 9: Infrastructure Construction Project 2 - DPWH - Lagu Lakeshore Expressway Dike - The Philippines
Table 10: Infrastructure Construction Project 3 - DOTC - Manila-Makati-Pasay-Paraque Mass Transit System - The Philippines
Table 11: Institutiol Construction Project 1 - DOH - Quezon Philippine Orthopedic Center Modernization - Luzon
Table 12: Institutiol Construction Project 2 - GE/CPI - Centuria Medical Makati Development - Metro Manila
Table 13: Institutiol Construction Project 3 - CCC - N Bacalso Avenue Cebu City Medical Center - The Philippines
Table 14: Residential Construction Project 1 - CPG - Makati Acqua Private Residences - Manila
Table 15: Residential Construction Project 2 - ALI/Mitsubishi - The Sandstone at Portico Condominium Complex - The Philippines
Table 16: Residential Construction Project 3 - RLC - Two Roxas Triangle Towers Development - The Philippines
Table 17: Ayala Land, Inc., Key Facts
Table 18: Ayala Land, Inc., Main Services
Table 19: Ayala Land, Inc., History
Table 20: Ayala Land, Inc., Key Employees
Table 21: Megaworld Corporation, Key Facts
Table 22: Megaworld Corporation, Main Services
Table 23: Megaworld Corporation, Key Employees
Table 24: EEI Corporation, Key Facts
Table 25: EEI Corporation, Main Products and Services
Table 26: EEI Corporation, History
Table 27: EEI Corporation, Key Employees
Table 28: Robinsons Land Corporation, Key Facts
Table 29: Robinsons Land Corporation, Main Services
Table 30: Robinsons Land Corporation, History
Table 31: Robinsons Land Corporation, Key Employees
Table 32: Century Properties Group, Inc., Key Facts
Table 33: Century Properties Group, Inc., Main Services
Table 34: Century Properties Group, Inc., History
Table 35: Century Properties Group, Inc., Key Employees
Table 36: Philippine Construction Output by Project Type (PHP Million), 2009-2013
Table 37: Philippine Construction Output by Project Type (PHP Million), 2013-2018
Table 38: Philippine Construction Output by Cost Type (PHP Million), 2009-2013
Table 39: Philippine Construction Output by Cost Type (PHP Million), 2013-2018
Table 40: Philippine Construction Output by Activity Type (PHP Million), 2009-2013
Table 41: Philippine Construction Output by Activity Type (PHP Million), 2013-2018
Table 42: Philippine Construction Value Add by Project Type (PHP Million), 2009-2013
Table 43: Philippine Construction Value Add by Project Type (PHP Million), 2013-2018
Table 44: Philippine Commercial Construction Output by Project Type (PHP Million), 2009-2013
Table 45: Philippine Commercial Construction Output by Project Type (PHP Million), 2013-2018
Table 46: Philippine Commercial Construction Output by Cost Type (PHP Million), 2009-2013
Table 47: Philippine Commercial Construction Output by Cost Type (PHP Million), 2013-2018
Table 48: Philippine Commercial Construction Output by Activity Type (PHP Million), 2009-2013
Table 49: Philippine Commercial Construction Output by Activity Type (PHP Million), 2013-2018
Table 50: Philippine Commercial Construction Value Add by Project Type (PHP Million), 2009-2013
Table 51: Philippine Commercial Construction Value Add by Project Type (PHP Million), 2013-2018
Table 52: Philippine Industrial Construction Output by Project Type (PHP Million), 2009-2013
Table 53: Philippine Industrial Construction Output by Project Type (PHP Million), 2013-2018
Table 54: Philippine Industrial Construction Output by Cost Type (PHP Million), 2009-2013
Table 55: Philippine Industrial Construction Output by Cost Type (PHP Million), 2013-2018
Table 56: Philippine Industrial Construction Output by Activity Type (PHP Million), 2009-2013
Table 57: Philippine Industrial Construction Output by Activity Type (PHP Million), 2013-2018
Table 58: Philippine Industrial Construction Value Add by Project Type (PHP Million), 2009-2013
Table 59: Philippine Industrial Construction Value Add by Project Type (PHP Million), 2013-2018
Table 60: Philippine Infrastructure Construction Output by Project Type (PHP Million), 2009-2013
Table 61: Philippine Infrastructure Construction Output by Project Type (PHP Million), 2013-2018
Table 62: Philippine Infrastructure Construction Output by Cost Type (PHP Million), 2009-2013
Table 63: Philippine Infrastructure Construction Output by Cost Type (PHP Million), 2013-2018
Table 64: Philippine Infrastructure Construction Output by Activity Type (PHP Million), 2009-2013
Table 65: Philippine Infrastructure Construction Output by Activity Type (PHP Million), 2013-2018
Table 66: Philippine Infrastructure Construction Value Add by Project Type (PHP Million), 2009-2013
Table 67: Philippine Infrastructure Construction Value Add by Project Type (PHP Million), 2013-2018
Table 68: Philippine Institutiol Construction Output by Project Type (PHP Million), 2009-2013
Table 69: Philippine Institutiol Construction Output by Project Type (PHP Million), 2013-2018
Table 70: Philippine Institutiol Construction Output by Cost Type (PHP Million), 2009-2013
Table 71: Philippine Institutiol Construction Output by Cost Type (PHP Million), 2013-2018
Table 72: Philippine Institutiol Construction Output by Activity Type (PHP Million), 2009-2013
Table 73: Philippine Institutiol Construction Output by Activity Type (PHP Million), 2013-2018
Table 74: Philippine Institutiol Construction Value Add by Project Type (PHP Million), 2009-2013
Table 75: Philippine Institutiol Construction Value Add by Project Type (PHP Million), 2013-2018
Table 76: Philippine Residential Construction Output by Project Type (PHP Million), 2009-2013
Table 77: Philippine Residential Construction Output by Project Type (PHP Million), 2013-2018
Table 78: Philippine Residential Construction Output by Cost Type (PHP Million), 2009-2013
Table 79: Philippine Residential Construction Output by Cost Type (PHP Million), 2013-2018
Table 80: Philippine Residential Construction Output by Activity Type (PHP Million), 2009-2013
Table 81: Philippine Residential Construction Output by Activity Type (PHP Million), 2013-2018
Table 82: Philippine Residential Construction Value Add by Project Type (PHP Million), 2009-2013
Table 83: Philippine Residential Construction Value Add by Project Type (PHP Million), 2013-2018
Table 84: Timetric Construction Market Definitions