Press Release - Building Permit - Q4 2016

Reference Number: 

17PR0837 - 16

Release Date: 

Wednesday, April 5, 2017
17PR0837 - 16
 
PRESS RELEASE
05 April 2017
 
 
Approved building permit applications in Leyte significantly rose to 940 in the fourth quarter of 2016

The total number of building constructions recorded from the approved building permits in Leyte in the fourth quarter of 2016 significantly rose to 940 applications from 406 approved applications during the same quarter of 2015.

All major type of building construction had increased in number during the fourth quarter of 2016. Applications for construction of residential type of building recorded the biggest increase from 256 in fourth quarter of 2015 to almost three times higher posting at 755 applications in the fourth quarter of 2016. Applications for non-residential type of building likewise increased by 12.2 percent, from 98 to 110 total applications during the fourth quarter of 2016. Likewise, combined number of application for additions/alterations and repairs went up by 44.2 percent, from 52 to 75 applications during the reference quarter.

The total value of construction in the province valued at P2.0 billion during the fourth quarter of 2016, more than doubled from the P807.2 million total value in the same quarter of 2015.

The value of residential building construction in the fourth quarter of 2015 totaled to P313.0 million which is more than three times higher than the value in the fourth quarter of 2016 at P1.2 billion. This significant increase was influenced by the notable increment in the combined value of apartment, accessoria and other types of residential building from P132.0 million in fourth quarter of 2015 to P1.0 billion during the quarter in review. Construction for non-residential building in Leyte during the fourth quarter of 2015 valued at P372.3 billion is two times higher than fourth of 2016 which valued at P778.8 million. This was attributed to the considerable increase in the construction of commercial building from P115.3 million to P416.7 million during the reference period. Value of construction for institutional and agricultural type of non-residential building likewise increased by 52.5 percent, from P223.2 million in fourth quarter of 2015 to P340.3 million in fourth quarter of 2016.

Table 1.  Number, Floor Area and Value of Building Construction Started in Leyte by Type of Building:  Fourth Quarter, 2016 and 2015 

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