Approved construction permits up 10.4% in Q1


THE number of approved construction permits increased by 10.4 percent in the first quarter of the year, driven by more residential developments, data from the Philippine Statistics Authority (PSA) showed.

There were 32,779 construction works in January to March from 29,688 a year earlier, based on the approved building permits.

Construction permits for residential buildings outnumbered non-residential developments, reaching 24,988–a 20-percent increase from 20,819 in the same comparable period.

Single-type houses accounted for the bulk of construction permits, numbering 22,477 and up 27.2 percent 17,674. Apartments totaled 1,889, a 19.7 percent decline from 2,352.

Residential condominiums posted the biggest growth, almost double at 42 from 22, while a 25.8 decline was seen in the number of permits for duplex and quadruplex developments.

Permits for non-residential projects increased by 0.7 percent to 3,900 from the 3,872.

This was driven by a 20-percent increase in agricultural developments to 223 from194 and institutional buildings which rose by 2.6 percent to 819 from 798.

The number of commercial buildings, which accounted for most of the non-residential buildings, declined by 0.7 percent to 2,326 from 2,343.

Similarly, industrial developments declined by 1.8 percent and other non-residential projects by 8.0 percent.

The PSA also noted the addition to existing structures declined by 29.9 percent to 970 projects from 1,383.

“Similarly, alteration and repair of existing structures dropped by 19.2 percent to 2,921 from 3,614 projects recorded a year ago,” PSA said.

In terms of value, the construction works during the first quarter totaled P74.6 billion, down 5.8 percent P79.2 billion year-on-year, reflecting a decline in residential projects.

The value of residential construction works was P36.1 billion, a 9.7 percent decrease from P40 billion.

“This was attributed to the decreases in the construction value of residential condominiums (-37.8 percent), other residential (-37.1 percent) and apartment/accessoria (-3.9 percent), offsetting the growth in the construction value of single houses (22.6 percent) and duplex/quadruplex dwellings (17.4 percent),” PSA said.

In contrast, the value of non-residential construction works increased by 7.5 percent to P33.2 billion from P30.9 billion.

“The increases in the construction value of agricultural (71.5%), commercial (13.7%) and industrial (3.2%) buildings contributed to the growth in the total value of non-residential constructions,” PSA said.

The construction value of additions to existing structures fell by 48.1 percent to P1 billion from P1.9 billion.

“Alteration and repair of existing structures valued at P4.3 billion likewise, dropped by 33.1 percent compared with P6.4 billion recorded in 2015,” the PSA said.


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