Calabarzon leads construction surge in Q2

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THE total number of building permits approved in the second quarter of the year increased by 20.2 percent from a year ago, led by a surge in construction in the CALABARZON (Cavite, Laguna, Batangas, Rizal and Quezon) Region.

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According to preliminary results from the Philippine Statistics Authority’s (PSA) Construction Statistics from Approved Building Permits for the Second Quarter 2016, released on Tuesday, the total number of constructions rose to 39,635 from the 32,974 constructions in the same quarter last year.

The CALABARZON region was the largest contributor among the regions, as a total of 9,655 or 24.4 percent of the constructions were located in the region. Cavite led in the number of constructions, accounting for 4,963 or 12.5 percent.

Central Visayas came in second with 4,181 constructions or 10.5 percent of the total; Central Luzon was third with 3,814 constructions or 9.6 percent; National Capital Region was fourth with 3,446 constructions or 8.7 percent; and the Davao Region was fifth with 2,724 constructions or 6.9 percent.

Residential buildings comprised majority of constructions accounting for 30,366, a 23.7 percent rise from last year’s 24,543 constructions.

“All types of residential constructions showed increments in number with two-digit expansions observed in the following: residential condominiums (48.4 percent), other residential (42.4 percent), duplex/quadruplex (24.2 percent) and single-type houses (25.5 percent),” the PSA said.

Non-residential constructions rose 15 percent to 4,548 from the 3,956 constructions posted in the previous year.
“All types of non-residential constructions exhibited two-digit growths, led by other non-residential registering 70.3 percent increase,” the report said.

Addition to existing structures and alteration and repair of existing structures posted increases of 11.2 percent to 1,444 constructions and 3.1 percent to 3,177 constructions, respectively.

Meanwhile, the PSA reported a 48 percent increase in the total value of constructions during the period to P116.9 billion from just P79 billion recorded last year.

This was mainly driven by the surge in construction value of non-residential buildings, which jumped 69 percent to P58.7 billion from P34.7 billion last year.

“This was attributed to the upswing in the construction value of commercial (97.2 percent), agricultural (67.2 percent), industrial (58.2 percent) and institutional (8.7 percent) buildings,” the PSA said.

Total value of residential constructions rose by 38.3 percent to P50.8 billion from last year’s P36.7 billion.

“The significant increases in the construction value of other residential (220.5 percent), residential condominiums (76.3 percent), duplex/quadruplex (33.2 percent) and single houses (22.6 percent) pulled up the total value of residential constructions,” the report said.

Construction value of alteration and repair of existing structures grew 6.2 percent to P5.9 billion from the P5.6 billion recorded in the previous year.

In contrast, addition to existing structures valued at P1.5 billion dropped 23.8 percent from the P2.0 billion recorded last year.

 

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