Number of approved building permit increases by 8.3 percent during the second quarter of 2022

The number of approved building permits in NCR increased by 8.3 percent to 2,535 during the second quarter of 2022 from 2,341 of the same quarter of the previous year. Out of this total, by type of construction, residential buildings reported the highest with 1,474 or 58.1 percent while the non-residential ranked second with 281 or 11.1 percent of the total approved building permit applications. Annual rates for residential and non-residential type of building constructions were -4.7 and 13.3, respectively.

Meanwhile, combined approved building permits for additions, alterations and repairs went up by 42.6 percent to 780 building permits during the second quarter of 2022 from 547 of the same quarter of the previous year. (Figure 1 and Table 1)

Relative to the entire country, NCR contributed 6.4 percent to the number of approved building permits and 21.5 percent to the total value of construction during the second quarter of 2022. 

Value of constructions for residential type goes up by 33.5 percent 

The total value of construction increased by 29.5 percent to PhP 21.4 billion during the second quarter of 2022 from PhP 16.6 billion of the same quarter of 2021. Moreover, the aggregate value of residential construction in NCR increased by 33.5 percent to PhP 9.3 billion in the second quarter of 2022 from PhP 7.0 billion during the same quarter of the previous year, while the value of construction for non-residential type of building went up by 61.3 percent to PhP 9.1 billion in the second quarter of 2022 from PhP 5.6 billion in the same quarter of 2021. The total value for additions and alterations/repairs decreased by 23.6 percent to PhP 3.0 billion in the second quarter of 2022 from PhP 3.8 billion during the second quarter of 2021. (Figure 2 and Table 1)

Single-type residential building records the highest number of approved building permits while residential condominium registers the highest value of construction

Among the types of residential building, single–type residential building registered the highest number of approved building permits with 1,095 applications or 74.3 percent of the total number of residential building construction. On the other hand, residential condominium recorded the highest value of construction amounting to PhP 4.5 billion or 48.5 percent of the total value of residential building construction. (Figure 3 and Table 1)

Among the types of non-residential constructions, the commercial type recorded the highest number of 175 applications, comprising 62.3 percent of the total number and an aggregate value of PhP 6.4 billion or 70.7 percent of the total value of non-residential building construction. (Figure 4a, Figure 4b and Table 1)

Number of constructions was highest in City of Valenzuela

City of Valenzuela continued to register the highest number of constructions with 384 constructions or 15.1 percent share to the total during the quarter. Completing the top three cities with the highest number of constructions were City of Caloocan with 335 (13.2%), and City of Paranaque with 252 (9.9%). (Figure 5a and Table 2)

Top three cities contributed nearly half of the total value of constructions

The combined shares of the top three cities, in terms of value of constructions, amounted to PhP 13.2 billion or 61.4 percent of the total. These cities were:

a) City of Paranaque, PhP 6.3 billion (29.3%);

b) City of Pasig, PhP 4.8 billion (22.4%); and

c) Quezon City, PhP 2.1 (9.8%) (Figure 5b and Table 2)

(SGD.) PACIANO B. DIZON
Regional Director