“Developers should continue exploring growth areas outside Metro Manila given the tepid office and residential take up in the capital region. This is a good opportunity for firms to line up recovery strategies next year,” he said.
SHERA developed FyberTec technology for the local market because it understands the real challenges Filipinos are facing in construction. From unpredictable weather and heavy rains to the constant threat of fire and termite damage, he said these issues can cause stress and financial strain. Amidst climate change and global warming, Jumpasri said the FyberTec technology offers the construction industry a vital solution by ensuring buildings withstand extreme weather, heat, and environmental stress. Its durability and resilience make it an essential material for creating long-lasting, sustainable structures in an era of unpredictable climate conditions.
According to Business Monitor International’s latest Infrastructure Report, the Philippine construction industry is expected to grow by 8.2 percent annually through 2028. Further, it also uses an AI-powered platform that provides 360-degree documentation of construction sites in real-time. Moreover, it deploys drones for larger projects spanning several hectares for comprehensive site monitoring.