Construction Statistics from Approved Building Permits Central Luzon, Third Quarter 2017 Preliminary Results

Reference Number: 

2018-02

Release Date: 

Tuesday, January 9, 2018

Table 1 Comparative Construction Statistics by Province Central Luzon, Third Quarter 2017 and 2016

Number of new constructions up by 0.8 percent in third quarter

Based on the preliminary results of construction statistics from approved building permits, the total number of new constructions in Central Luzon was recorded at 3,642 during the third quarter of 2017. This represented an increase of 0.8 percent from the 3,614 constructions recorded during the same period of 2016. Among the provinces in the region, the most number of constructions was recorded in Bulacan at 1,433, accounting for more than one-third (39.3%) of the total. This was followed by Pampanga and Nueva Ecija with respective shares of 26.8 percent (975 constructions) and 15.0 percent (545 constructions). Figure 1 presents the distribution of the number of constructions by province for the third quarter of 2017.

By type of construction, the number of residential went down to 2.6 percent from the 2,596 recorded in the third quarter of 2016 to 2,529. This was primarily influenced by the decline in the construction of other residential (-66.7%), duplex/quadruplex (-44.6%) and single houses (-20.0%).
On the other hand, the number of non-residential constructions rose to 698 (20.3%) from 580 reported in the third quarter of 2016. The increase in the construction of industrial (99.0%) and commercial (12.7%) was the driver of growth in non-residential constructions.
Meanwhile, the number of addition to existing structures decreased by 6.9 percent from 87 in same period last year to 81 this year. In the same manner, alteration and repair of existing structures at 334 dropped by 4.8 percent from 351 recorded during the same quarter of 2016. Figure 2 compares the number of constructions by type for the third quarter of 2017 and of 2016.
Total value of constructions amounts PHP7.4 billion
The total value of constructions in the third quarter of 2017 was estimated at PHP7.4 billion, representing a decrease of 3.2 percent from the previous year’s construction value of PHP7.6 billion.
The construction value of residential buildings amounting to PHP3.3 billion, grew by 12.3 percent compared with the PHP2.9 billion registered during the same period a year ago. The increase was mainly attributed to the rise in the construction value of apartment/accesoria buildings (67.6%).
The non-residential constructions valued at PHP3.7 billion dropped by 14.9 percent from PHP4.3 billion recorded during the same period last year. This was brought by the considerable decrease in the construction value of industrial (-47.1%).
On the other hand, the value of addition to existing structures grew by 34.5 percent from previous year’s PHP0.06 billion to PHP0.08 billion. Likewise, alteration and repair of existing structures estimated at PHP0.3 billion gained by 8.1 percent. Figure 3 compares the value of constructions by type for the third quarters of 2017 and 2016.
Residential constructions average cost per square meter down by 2.0 percent
The average cost of residential constructions was estimated at PHP8,375 per square meter, lower by 2.0 percent compared with last year’s average cost of PHP8,543 per square meter. This was mainly influenced by the 15.6 percent decrease in the average cost per square meter of other residential houses.
 
Non-residential constructions’ average cost per square meter slid by 37.2 percent
The non-residential constructions’ average cost per square meter slid by 37.2 percent from PHP11,623 during the same period a year ago to PHP7,296. Decreases in the average cost per square meter of industrial (-67.5), agricultural (-28.6%) and commercial (-11.7%) were observed during the quarter.
 
 

 

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