Q1 construction projects down 5.5% – NSO

By Cai U. Ordinario, Business Mirror

Posted at Jul 12 2011 10:01 AM | Updated as of Jul 12 2011 08:02 PM

MANILA, Philippines - Total number of construction projects in the first quarter declined by 5.5% compared with the same period last year due to the double-digit drop in the number of residential construction projects, data from the Private Building Construction Statistics released by the National Statistics Office (NSO) revealed.

Based on the data of approved building permits, construction projects reached 28,347 only in the first quarter this year, lower than the 29,992 construction projects recorded in 2010.

The NSO said even if nonresidential construction for the period grew 17.4% to 3,495, from 2,978 during the same quarter of 2010, this was not enough to hold up the total number of private construction projects in the first three months of the year.

Data showed that the construction of residential-type buildings in the first quarter of 2011 recorded a total of 20,784. This represented a contraction of 11.9% from last year’s 23,586.

The contraction in residential buildings was largely caused by the 72.5% contraction in the number of apartment/accessoria construction in the first quarter, from 5,598 last year to 1,538 in 2011.

The higher number of construction projects in the country were located in the Calabarzon or Region 4-A with 7,090, which accounted for 25% of the total.

Construction projects in the National Capital Region ranked second at 3,724 constructions, or 13.1% of the total, followed by Central Visayas at 3,137 constructions, or 11.1% of the total.

At the provincial level, the NSO said Cavite reported the biggest number of construction projects with 2,785, or 9.8% of the total, followed by Cebu province with 1,620 construction projects, which represented 5.7% of the total.

“Other provinces which exceeded a thousand mark were Laguna with 1,547, or 5.5% of the total; Davao del Sur, 1,291, or 4.6%; Rizal, 1,196 or 4.2%; and Batangas with 1,096, or 3.9% construction projects during the first quarter of 2010,” NSO added.

On the other hand, NSO said the total value of construction projects in the first quarter of 2011 posted an 11.6% increase to P52.8 billion from P47.3 billion recorded during the same quarter of 2010.

Data also showed that the value of residential building construction posted an increase of 32.6% to P28.2 billion from P21.3 billion during the same quarter of 2010.

The value of nonresidential building construction, however, contracted by 13.2% amounting to P19.4 billion from P22.3 billion registered during the same period of 2010.

Across the country, the value of construction for the NCR remained the highest at P25.1 billion, accounting for 47.6% of the total value.

Calabarzon and Central Luzon ranked a far second and third with 13.7% or P7.2 billion, or 8.1% and P4.3 billion, respectively.