4th Quarter number of Constructions in Eastern Visayas decreases by 19.3% (Preliminary Results)

Reference Number: 

202004-0800-20

Release Date: 

Friday, April 24, 2020

The region’s total number of constructions in the 4th quarter of 2019 reached 960. This reflected a decrease of 19.3 percent from the 1,189 constructions recorded in the same quarter of 2018.

These constructions were comprised of residential buildings (60.3 percent), non – residential buildings (22.1 percent), and additions/ alterations and repairs (17.6 percent).

Decreases in the number of all types of constructions were recorded during the 4th quarter of 2019. Residential building constructions registered the largest decrease at 25.2 percent. The 774 residential constructions in the 4th quarter of 2018 dropped to 579 constructions in the 4th quarter of 2019. A decrease of 11.1 percent was also recorded in the combined number of additions/alterations and repairs of existing structures. It went down to 169 constructions during the 4th quarter of 2019 from 190 constructions in the 4th quarter of 2018. Number of non – residential buildings, meanwhile, declined by 5.8 percent, from 225 constructions in the 4th quarter of 2018 to 212 constructions in the same quarter of 2019.
 
The total value of constructions in the region during the 4th quarter of 2019 was estimated at P1.8 billion. This figure is 26.1 percent lower compared with the P2.4 billion total value of constructions in the same quarter of 2018.
 
The total value of construction of non - residential buildings declined drastically by 30.6 percent, from P1.2 billion in the 4th quarter of 2018 to P809.8 million during the quarter in review. Aggregate value of residential buildings also posted a tremendous decrease by 28.2 percent. Its value went down to P779.9 million in the 4th quarter of 2019 from P1.1 billion in the same period of 2018.
 
On the other hand, total value of additions/alterations and repairs grew by 24.1 percent, from P147.6 million in the 4th quarter of 2018 to P183.2 million in the 4th quarter of 2019.
 
Non - residential buildings’ value of construction comprised the largest share or 45.7 percent of the total value of constructions in the region. The value of construction of residential buildings contributed almost the same proportion at 44.0 percent. Meanwhile, additions/ alterations and repairs accounted for 10.3 percent only to the region’s total value of constructions.
 
Average cost per square meter was estimated at P9,182 for residential buildings and P9,145 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 address psa_reg8@yahoo.com.
 
 
 
SGD. WILMA A. PERANTE
Regional Director

 

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