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Release Date :
Reference Number :
2024-018
Reference Period
2024

Construction statistics of the Ilocos Region are derived from approved building permits on new constructions and additions, alterations and repairs of existing residential and non-residential buildings, and other structures. These projects are proposed to be undertaken in the cities and municipalities of the region during a specific period.

Construction of Residential Buildings Dominates Ilocos Region’s Construction in 2022

The total number of constructions from approved building permits in 2022 reached 13,886. Residential-type buildings with 10,955 constructions shared 78.9 percent to the overall total. Meanwhile, there were 2,266 constructions of non-residential type buildings contributing 16.3 percent. The combined number of additions, alterations and repairs contributed 4.8 percent with 665 construction projects. (Figure 1)

Most of the Construction Projects were Registered During the First Quarter of the Year

In 2022, the registration of constructions projects peaked at the first quarter of the year with 3,699 projects. Residential buildings and alteration and repair had the highest registration at 2,931 and 213 projects, respectively, during this period. On contrary, the fourth quarter had the lowest number of registrations at 3,277 projects.
 

Pangasinan and Ilocos Norte have more than Four Thousand Construction Projects in 2022

Among the four provinces of the Ilocos Region, Pangasinan had the highest construction projects at 4,662 or 33.6 percent to the overall total. Meanwhile, Ilocos Norte recorded 4,128 projects covering 29.7 percent of the region’s total construction projects. On the other hand, Ilocos Sur and La Union shared 22.0 percent (3,057 projects) and 14.7 percent (2,039 projects), respectively. (Figure 2)

In 2022, Pangasinan’s construction projects peaked during the third quarter of 2022 at 1,357 while Ilocos Norte and Ilocos Sur had their highest record during the first quarter at 1,262 and 854, respectively. Meanwhile, La Union’s construction projects peaked during the second quarter at 566. (Figure 2)

Total Value of Construction Amounts to PhP 28.69 Billion

In 2022, the total value of constructions from approved building permits reached PhP 28.69 billion. By type of construction projects, the construction value of residential buildings amounted to PhP 13.87 billion, while non-residential buildings were valued at PhP 12.40 billion. Other construction projects were valued at PhP 2.42 billion. (Figure 3)

The value of constructions had the highest record of PhP 8.71 billion during the first quarter 2022 generating 30.4 percent of the annual record. Of the first quarter figure, PhP 5.09 billion or 58.5 percent were from non-residential building construction projects and PhP 3.49 billion or 40.1 percent from residential building construction projects. Meanwhile, the PhP 2.42 billion or 1.4 percent were accounted from other construction projects. (Figure 3)

Single Houses Record the Highest Number of Residential Buildings

Single houses recorded the highest number of construction with 10,662 accounting for 97.3 percent of the total residential building constructions. Apartment/accessoria ranked second with 220 constructions representing 2.0 percent of the total construction. Duplex/quadruplex recorded 67 construction projects accounting for 0.6 percent while other residential buildings recorded 6 constructions (0.1 percent). (Table 1)

Average Cost Per Square Meter of Residential Building Construction is PhP10.63 Thousand

The total value of construction for residential buildings was about PhP 13.87 billion with a total floor area of 1.31 million square meters, translating to an average cost of PhP10.63 thousand per square meter. (Table 1)

The total value of construction for single-type residential houses reached PhP 12.98 billion covering a total floor area of 1.21 million square meters, translating to an average cost of PhP10.74 thousand per square meter. (Table 1)

Apartment/accessoria houses recorded a total construction value of PhP 0.79 billion and a total floor area of 87,245 square meters or an average cost of PhP 9.06 thousand per square meter. (Table 1)
 

Duplex/quadruplex had an estimated construction value of PhP 0.09 billion with a total floor area of 8,859 square meters, translating to an average cost of PhP10.66 thousand per square meter. (Table 1)

Commercial Buildings Recorded 71.8 percent of the Total Non-Residential Buildings

Among the non-residential constructions, commercial buildings had the highest number of constructions with 1,628 projects or 71.8 percent of the total non-residential constructions in 2022. Institutional buildings ranked second with 355 construction projects or 15.7 percent. Industrial buildings followed with 125 construction projects representing 5.5 percent, while agricultural buildings recorded 106 construction projects or 4.7 percent. Other non-residential buildings contributed 52 constructions or 2.3 percent share. (Table 2)

Value of Non-Residential Building Constructions Reached PhP 12.40 Billion in 2022

In 2022, the total value of non-residential building constructions in the Ilocos Region reached PhP12.40 billion with a total floor area of 969.07 thousand square meters, reflecting an average cost of PhP 12.80 thousand per square meter. (Table 2)

Institutional buildings had the highest value with PhP 5.23 billion and a total floor area of 352.90 thousand square meters with an average cost of PhP14.82 thousand per square meter. Commercial buildings followed with PhP 4.50 billion. It has a total floor area of 405.26 thousand square meters with an average cost of PhP 11.11 thousand per square meter. (Table 2)
 

 

SDG. ATTY. SHEILA O. DE GUZMAN, CPA
Regional Director, RSSO I

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