HIGHLIGHTS OF THE BUILDING CONSTRUCTION STATISTICS IN LEYTE, FIRST QUARTER 2019

Reference Number: 

19SR0837-55

Release Date: 

Friday, June 28, 2019

Total number of approved building constructions in Leyte recorded at 845

 

Leyte registered a total of 845 building constructions in the first quarter of 2019. This number reflects an increase of 15.4 percent from the 732 total applications during the same quarter in 2018.

All types of building constructions in Leyte increased during the first quarter of 2019. Combined application for additions, alterations and repairs comprised the highest increase of 101.7 percent, from 58 approved constructions in the previous quarter of 2018 to 117 during the reference quarter. Non-residential type of building constructions went up by 15.9 percent, from 151 during the first quarter in 2018 to 175 in 2019. This was attributed to the increases of industrial, institutional, agricultural and other similar types of non-residential building constructions. Meanwhile, residential type of building constructions which accounted 65.4 percent of the total building constructions of the province increased by 5.7 percent at 553 approved applications during the first quarter of 2019 from 523 during the same period year ago. This was due to the increase in number of major types of residential building.

Total value of building constructions in Leyte estimated at P1.8 billion
 
During the reference quarter, almost the same percentage growth was noticed in the total number and value of building constructions in the province. Total value of building constructions during the first quarter of 2019 amounted to P1.8 billion. This value was 15.5 percent higher compared with P1.5 billion during the same quarter last year.
 
Aside from the increase in number, the total value of additions, alterations and repairs likewise increased during the first quarter of 2019. The total value was estimated at P111.8 million, more than doubled compared with P46.8 million during the first quarter in 2018. Similarly, total value of non-residential type of building constructions valued at P961.2 million in 2019 which accounted 54.9 percent to the total value of building constructions in Leyte. This indicates an increase of 28.5 percent from the previous year’s result amounting to P748.0 million. Increase in value of industrial, institutional, agricultural and other similar types were the drivers of the growth in total value of non-residential type of building constructions.
 
On the other hand, total value of residential type of constructions slipped by 5.9 percent, from P722.0 million in the first quarter of 2018 to P679.2 million in 2019. The result was brought about by the decrease of the conglomerate value of apartment, accessoria and other types of residential building.
 
 
Average cost per square meter of residential building construction valued at P7,484
 
Average cost per square meter of residential constructions during the first quarter of 2019 was estimated at P7,484, slightly decreased by 1.3 percent compared with the average cost last year amounting to P 7,584.
 
The decrease in the average cost per square meter of residential type of building constructions was due to the 10.6 percent decrease in the average cost per square meter of the aggregate value of apartment, accessoria and other types of residential building valuing at P6,397 in 2019 from P7,153 in the first quarter of 2018.
 
Average cost per square meter of duplex and quadruplex during the first quarter of 2019 substantially increased by almost three times, from P4,375 average cost during the same quarter in the previous year to P15,735. Average cost per square meter of single type of residential building construction during the reference period posted at P8,793, translating a minimal increase of 4.1 percent from P8,443 average cost in 2018.
 
 
Average cost per square meter of non-residential building constructions posted at P6,645
 
Major types of non-residential building constructions showed decreases in the average cost per square meter during the first quarter of 2019. The average cost per square meter posted at P6,645, lower by 11.5 percent compared with the previous year’s average cost at P7,505.
 
During the quarter in review, commercial type of building constructions posted an average cost per square meter at P4,583, lower by 26.7 percent from P6,255 average cost during the first quarter in 2018. Combined value of institutional, agricultural and other types of nonresidential building constructions recorded the highest average cost in 2019 which totaled to P7,919. However it is 19.8 percent lower from P9,870 average cost year ago.
 
Industrial type of building constructions somehow increased in average cost per square meter during the first quarter of 2019, valued at P6,345 from P6,012 in the first quarter in 2018.
 
 

Attachments: 

Tags: