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Residential types are top construction projects in Q4

Over 50 percent of the total value of construction projects in the fourth quarter of 2013 was accounted for by new residential-type buildings, according to the preliminary data released by the Philippine Statistics Authority (PSA).

Data showed the total value of construction projects in the last quarter of 2013 reached P53.4 billion. The PSA said 51.4 percent, or P26.4 billion, of the amount was accounted for by the total value of construction spent for new residential-type buildings.

“Private construction statistics from approved building permits relate to data on new constructions and additions, alterations and repairs of existing residential and nonresidential buildings, and other structures undertaken in all cities/municipalities of the country in a specific period,” the PSA said.

“For this publication, data for the provinces of Basilan [excluding Isabela City], Sulu and Tawi-Tawi, all from the Autonomous Region in Muslim Mindanao, are not included in the tabulation as these provinces did not submit building permit documents and/or certification of no construction before the generation of preliminary tables. However, if any, these are to be included in the annual tabulation,” it added.

PSA data also said around 38.3 percent, or P20.5 billion, of the total value was spent for the construction of nonresidential buildings.

The remaining 10.3 percent, or P5.5 billion, of the total value of construction went to additions, alterations and repairs of existing structures.

Among the regions, value of construction for the National Capital Region  consistently remained highest at P21.8 billion, accounting for 40.8-percent share of the total, while Region 4A, despite ranking highest in number of construction projects, followed a far behind with share of 16 percent, or P8.6 billion.

Data also said Region 7 ranked third and Region 3 ranked fourth with respective shares of 8.3 percent, or P4.5 billion, and 7.3 percent, or P3.9 billion.

Region 11 had a construction value of P3.7 billion, or 6.9 percent of the  total.

The PSA sourced data from the copies of original application forms of approved building permits, as well as from the demolition permits, collected every month by the National Statistics Office  field personnel from the Offices of Local Building Officials nationwide.

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