The total number of approved building permits in the City of Mandaluyong decreased from 56 in the fourth quarter of 2022 to 41 in the same quarter of 2023 that translates to 26.8 percent.
Similarly, for the National Capital Region, the total approved building permits was lower by 501 projects or 19.1 percent in the fourth quarter of 2023 compared to the same quarter of the previous year.
Table 1 presents the total number, floor area, and value of building construction for the City of Mandaluyong during the fourth quarter of 2023 and 2022.
The total number of approved permits for Residential type of buildings for the City of Mandaluyong decreased by 60.0 percent and 66.7 percent for the Non-Residential type during the fourth quarter of 2023 compared to the same quarter of the previous year. There was also a decrease of 13.2 percent in the combined number of alterations and repairs of existing structures in the fourth quarter of 2023. Moreover, one (1) addition to existing structures has been recorded in the same period.
Figure 1 shows the comparison in the number of approved building permits by type of building for the City of Mandaluyong during the fourth quarter of 2022 and 2023.
Value of building construction decreased by 24.1 percent The total value of construction
plummeted in the fourth quarter of 2023 compared to the same quarter of 2022 with 24.1 percent or equivalent to Php 94.3 million. On the other hand, there were no additions to existing structures that has been recorded in the fourth quarter of 2022 while one (1) addition to an existing structure has been listed in the same quarter of the following year with a value of Php 3.3 million
Apartment/Accesoria obtains the biggest value of construction
Six approved applications for Residential building were reported amounting to Php 32.4 million during the fourth quarter of 2023. Among these approved applications, three (3) were from Single-type while the other three (3) permits were from Apartment/Accesoria. On the other hand, the value of construction for Apartment/Accesoria got the biggest share to the gross value with 51.4 percent amounting to Php 16.6 million.
One (1) approved permit for Commercial-type of Non-Residential building
One (1) permit has been approved for Commercial-type of Non-Residential building in the City of Mandaluyong for the fourth quarter of 2023 which has a value of Php 6.0 million.
(SGD.) Amelia G. Basilio
Chief Statistical Specialist
Officer-in-Charge