Number of Constructions in Eastern Visayas reaches 1,302 in the 2nd Quarter of 2021 (Preliminary)

Reference Number: 

202110-0800-53

Release Date: 

Thursday, October 14, 2021

The region’s total number of constructions soared by more than three - folds or 216.02 percent, from 412 constructions recorded in the 2nd quarter of 2020 to 1,302 constructions in the same quarter in 2021. Increases in all types of constructions contributed to this substantial growth.

The number of residential building constructions surged by 225.55 percent, from 274 constructions in the 2nd quarter of 2020 to 892 constructions in the same period of 2021. Non - residential buildings grew by 208.33 percent, posting 296 constructions in the 2nd quarter of 2021 from 96 constructions in the 2nd quarter of 2020. The combined number of additions/alterations and repair of buildings rose from 42 constructions in the 2nd quarter of 2020 to 114 constructions during the quarter in review, an increase of 171.43 percent.
 
Residential buildings comprised more than two-thirds or 68.51 percent of the total constructions in the region, while non-residential buildings and additions/alterations and repairs accounted for 22.73 percent and 8.76 percent, respectively.
 
The total value of constructions in the region during the 2nd quarter of 2021 was estimated at PhP 2.55 billion. This figure is more than four times or 336.10 percent higher than the PhP 0.59 billion total value of constructions in the same quarter of 2020.
 
The aggregate value of additions/alterations and repair of existing structures significantly expanded by 585.67 percent, from PhP 28.11 million in the 2nd quarter of 2020 to PhP 192.76 million during the quarter in review. An increase by 347.54 percent was also recorded in the total value of residential buildings. Its value grew to PhP 1.23 billion in the 2nd quarter of 2021 from PhP 274.53 million in the same period of 2020. Total value of non-residential buildings grew by 300.18 percent, from PhP 282.79 million in the 2nd quarter of 2020 to PhP 1.13 billion in the 2nd quarter of 2021.
 
Residential buildings’ value of construction comprised almost half or 48.12 percent of the total value of constructions in the region. The value of construction of non-residential buildings contributed 44.33 percent. Meanwhile, additions/ alterations and repairs accounted for only 7.55 percent of the region’s total value of constructions during the 2nd quarter of 2021.
 
Average cost of construction per square meter was estimated at PhP 9,758 for residential buildings and PhP 12,334 for non – residential buildings.
 
Data were based on the preliminary results of construction statistics from approved building permits.
 
For inquiries and further information, please contact our office at telephone number (053) 321-8392 or email addresses psa_reg8@yahoo.com/psa8socd@gmail.com.
 
 
Sgd. WILMA A. PERANTE
Regional Director
 

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