THE number of approved building permits in the country in the third quarter of 2016 increased by 18.4 percent from a year ago driven by more residential developments, according to data released on Tuesday by the Philippine Statistics Authority (PSA).
A total of 35,684 construction works were recorded in the July to September period from the 30,126 posted a year ago, based on the preliminary results of construction statistics from approved building permits.
Construction permits for residential buildings outnumbered those for non-residential developments, reaching 26,896 permits, or a 19.2-percent increase from 22,562 permits issued in the same comparable period last year.
“The increase in number was influenced by the two-digit growth of apartment/accessoria-type (83.5 percent), other residential (79.4 percent) and single-type (16.5 percent) dwellings,” the PSA said.
In the residential segment, permits for duplex/quadruplex-type units and residential condominiums declined by 57.9 percent and 42.1 percent, respectively, during the period. In contrast, the number of non-residential construction works jumped by 27.3 percent in the third quarter to 4,641 from 3,647 last year.
The PSA noted that all types of non-residential constructions except for other non-residential posted significant
growth during the period. Commercial constructions grew by 33.3 percent; industrial grew by 30.1 percent; agricultural by 24.3 percent; and institutional by 18.0 percent.
Meanwhile, construction works for addition to existing structures grew by 2.0 percent to 1,003 while alteration and repair of existing structures increased by 7.2 percent to 3,144.
While there was an increase in the number of construction works, the total value declined 3.8 percent year-on-year to P77.2 billion, as the total value of residential constructions slipped 3.6 percent to P39.7 billion from P41.1 billion a year ago.
“The decreases in the construction value of duplex/quadruplex (-49.8 percent) and residential condominiums (-33.2 percent) pulled down the total value of residential constructions,” the PSA said.
Meanwhile, the construction value of non-residential buildings decreased 7.1 percent to P31.8 billion mainly due to the decrease in the construction value of commercial (-24.1 percent) buildings, the PSA said.
In contrast, the value of addition to existing structures rose 22.4 percent to P1.1 billion while the value of alteration and repair of existing structures grew 17.9 percent to P4.6 billion, the statistics agency said.