Highlights of the Building Construction Statistics in Leyte - Q4 2016

Reference Number: 

ISSN 17R0837 - 08

Release Date: 

Thursday, March 30, 2017

 

HIGHLIGHTS OF THE BUILDING CONSTRUCTION STATISTICS IN LEYTE
FOURTH QUARTER 2016

 

Approved building permit applications 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 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.  Figure 1 shows the number of approved building permits by type of building during the fourth quarter of 2015 and 2016.

Total value of building construction in Leyte estimated at P2.0 billion

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 in fourth of 2016 which valued at P778.8 million. This was attributed to the considerable increase in the construction 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.

Average cost per square meter of residential building construction declined in fourth quarter of 2016

The average cost per square meter among all types of residential building construction slipped by 3.7 percent from P8,896 in fourth quarter of 2016 to P8,565 in the same quarter of 2016.

Apartment, accessoria and other similar types of residential building recorded the highest average cost per square meter in both periods, however it declined diminished from P10,745 during the fourth quarter of 2015 to P8,872 during the reference period.  The average cost per square meter for single type of residential building also dropped by 8.9 percent posting at P7,199 during the fourth quarter of 2016 from P7,906 in the same period a year ago.

Among all types of residential building, only duplex and quadruplex had no application for the fourth quarter of 2016 but on the same quarter last year, it recorded an average cost per square meter of P7,644. 

Average cost per square meter of non-residential building construction higher in fourth quarter 2016 

All types of non-residential building construction showed significant increase in its average cost per square meter in fourth quarter 2016. The total average cost per square meter climbed by 52.5 percent to P9,227 from P6,050 last year. 

During the reference quarter, commercial building construction reported the highest average cost per square meter at P9,669. This indicates an 85.7 percent increment compared to the average cost per square meter of P5,207 in fourth quarter 2015.

The institutional/agricultural and other types of non-residential building likewise grew by 32.1 percent during the fourth quarter of 2016 posting at P9,013 from P6,823 in last quarter of 2015.  Similarly, average cost per square meter of industrial type of building construction rose to P6,149 from P5,058 during the fourth quarter of 2015.

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