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NEWS UPDATES 8 July 2009

Philippines saw 20% rise in building applications in Q1

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The approved building permit applications throughout the Philippines rose nearly a fifth in the first quarter of the year, boosted by non-residential building construction, the Manila Times reported, quoting the National Statistics Office.

The NSO said building permit application nationwide rose 19.7 percent to 27,282 during first three months from 22,787 applications received last year.

Of the total approved permits, non-residential building constructions grew by 42.6 percent to 4,180, while construction for residential buildings was up by 21.3 percent to 16,159.

The combined approved building permits for additions, alterations and repairs reached 3,494, about 5.5 percent lower than the 3,697 approved building permits recorded during the same quarter of 2008.

Among the regions, Southern Tagalog recorded the highest number of approved building permits with 6,472 applications or 23.7 percent of the total.

This was followed by Central Luzon with 4,825 applications and the National Capital Region with 3,417.

Among the provinces, Pampanga had the highest number of applications at 2,543, followed by Bulacan with 1,251; Cavite with 2,061; Laguna with 2,210; Bohol with 1,135 and Cebu with 1,745.

The NSO said the total value of construction during quarter amounted to 29.7 billion peso, down by 1.5 percent from 30.1 billion peso recorded during the same quarter of 2008.

On the other hand, the value of residential building construction amounting to 17.1 billion peso was up by 18.1 percent from 14.4 billion peso in the same period last year. 

The combined value for additions, alterations and repairs, estimated at 2.9 billion peso, rose by 25.1 percent from 2.3 billion peso registered during the same quarter last year.

The NSO added that value of non-residential building construction slid 27.3 percent to 9.7 billion peso from 13.3 billion peso recorded during the same quarter last year.


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