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Real estate and construction
The Real Estate & Construction sector is one of the pillars of the global economy, responsible for meeting the increasing needs of the population for affordable housing and for efficient social, transportation and utility infrastructure. As a labour-intensive industry, it is a major contributor to employment, income generation and social progress. Real Estate & Construction is also an essential element for economic value creation and sustainable growth, as it lays the foundations for the development of virtually all other industries.
Activities associated with Real Estate & Construction are the construction of residential and non-residential buildings, heavy and civil engineering construction, and the related speciality trade co🙈ntracting activities. It also includes management and leasing of land and properties, real estate brokerage, architectural and engineering services, warehousing and storage activities, and operation of car parks and garages.⛎
According to the 2ꦏ019 Global Competitiveness Index of the World Economic Forum (WEF), there are significant disparities between the economies of ASEAN countries. For example, while Singapore was deemed the world’s most competitive ...
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The Philippines has under🍒-invested in its infrastructure for decades, which has resulted in outdated and inadequate infrastructure to meet the country’s economic growth ambitions. For instance, the ✅Philippines’ primary ...
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Both the🔯 real estate and construction industries registered growth in 2019 with this positive dynamic being attributed to sustained demand from industries such as IT-B♐PM and offshore gaming, as well as infrastructure projects in the country ...
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