Construction projects reach 1,737 in 2nd quarter 2020
Approved building permits in the second quarter 2020 totaled to 1,737. Of the total construction projects, 1,371 or 78.9 percent were residential-type buildings, 150 or 8.7 percent were non-residential and 216 or 12.4 percent were additions, alterations and repair.
Among the four provinces in Ilocos Region, Ilocos Norte recorded the highest number of construction projects with 674 accounting to 38.8 percent of the total construction projects. Ilocos Sur followed with 542 (31.2%), Pangasinan with 366 (21.1%), and La Union with 155 (8.9%).
Total value of construction amounts to Php2,457.5 million
In figure 3, the total value of constructions from approved building permits for the second quarter of 2020 was recorded at Php2,457.5 million.
By type of construction projects, value of residential buildings amounted to Php1,572.5 million, while non-residential construction buildings were valued at Php833.9 million for the second quarter of 2020.
Combined value of constructions for additions, alterations and repairs of existing structures was estimated at Php51.1 million.
Average cost per square meter of residential building construction is Php10,056
The total value of construction for residential buildings was about Php1,572.5 million with a total floor area of 156,374 square meters, translating to an average cost of Php10,056 per square meter.
Among the residential constructions, single houses recorded the bulk of the projects with 1,352 accounting for 98.6 percent of the total. Total value of construction for this type reached Php1,316.5 million covering a total floor area of 137,218 square meters, translating to an average cost of Php9,594 per square meter.
Apartment/accessoria ranked far second with 16 residential construction projects representing 1.2 percent of the total residential construction. This type of residential building had an estimated construction value of Php44.0 million with a total floor area of 4,065 square meters, translating to an average cost of Php10,820 per square meter.
Duplex houses recorded two residential construction projects representing 0.1 percent of the total residential construction. Total construction value for this type amounted to Php3.6 million and a total floor area of 150 square meters or an average cost of Php23,720 per square meter.
Residential Condominium posted one construction project representing 0.1 percent of the total residential constructions. Total value of this type amounted to Php208.4 million and a total floor area of 14,941 square meters or an average cost of Php13,951 per square meter.
Commercial building dominates non-residential construction projects
The total value of non-residential building constructions in the region reached Php833.9 million with a total floor area of 59,737 square meters, reflecting an average cost of Php13,960 per square meter.
Commercial buildings had the highest number with 98 construction projects or 65.3 percent of the total non-residential constructions. The value of construction for this type was estimated at Php218.0 million covering a total floor area of 20,882 square meters or an average cost of Php10,437 per square meter (Figure 5).
Institutional buildings ranked second with 35 construction projects or 23.3 percent of the total non-residential construction with a value of Php589.8 million. It has a total floor area of 33,534 square meters or an average cost of Php17,588 per square meter.
Agricultural buildings followed with nine construction projects.
It comprised 6.0 percent of the total non-residential building constructions with construction value of Php3.9 million and a total floor area of 622 square meters or an average cost of Php6,268 per square meter.
Industrial buildings ranked fourth with seven construction projects or 4.7 percent of the total non-residential building construction. It has a total construction value of Php22.2 million and a total floor area of 4,699 square meters or an average cost of Php4,721 per square meter.