Construction projects reach 3,048 in 1st quarter 2020
Approved building permits in the first quarter 2020 totalled to 3,048. Of the total construction projects, 2,326 or 76.3 percent were residential-type buildings, 511 or 16.8 percent were non-residential and 211 or 6.9 percent were additions, alterations and repair constructions.
Among the four (4) provinces in llocos Region, Pangasinan recorded the highest number of construction projects with 954 accounting to 31.3 percent of the total construction projects, followed by llocos Norte with 944 (31.0%), llocos Sur with 690 (22.60%), and La Union with 460 (15.1%).
Total value of construction amounts to PhP5.2 billion
Total value of constructions from approved building permits for the first quarter of 2020 was recorded at PhP5.2 billion.
By type of construction projects, value of residential buildings amounted to PhP2.5 billion, while non-residential construction buildings were valued at PhP2.6 billion for the first quarter of 2020.
Combined value of constructions for additions, alterations and repairs of existing structures was estimated at PhP191.7 million.
Average cost per square meter of residential buitding construction is PhP10,005