Number of approved building permits decreased by 19.1 percent during the fourth quarter of 2023

The number of approved building permits in NCR decreased by 19.1 percent to 2,128 during the fourth quarter of 2023 from 2,629 in the same quarter of the previous year. Out of this total, by type of construction, residential buildings reported the highest with 1,035 or 48.6 percent while the non-residential buildings with 261 or 12.3 percent of the total approved building permit applications. Annual rates for residential and non-residential types of building constructions were -24.1 and -3.7, respectively.

Meanwhile, combined approved building permits for additions, alterations, and repairs went down by -16.3 percent to 832 building permits during the fourth quarter of 2023 from 994 in the same quarter of the previous year. (Figure 1 and Table 1)

Relative to the entire country, NCR contributed 6.1 percent to the number of approved building permits and 14.5 percent to the total value of construction during the fourth quarter of 2023.

Value of constructions for residential type went up by 20.0 percent 

The total value of construction decreased by 15.4 percent to PhP 16.1 billion during the fourth quarter of 2023 from PhP 19.1 billion of the same quarter of 2022. However, the aggregate value of residential construction in NCR increased by 20.0 percent to PhP 9.7 billion in the fourth quarter of 2023 from PhP 8.1 billion during the same quarter of the previous year, while the value of construction for non-residential type of building went down by 59.6 percent to PhP 2.9 billion in the fourth quarter of 2023 from PhP 7.1 billion in the same quarter of 2022. The total value for additions and alterations/repairs also decreased by 70.3 percent to PhP 3.5 billion in the fourth quarter of 2023 from PhP 11.8 billion during the fourth quarter of 2022. (Figure 2 and Table 1)

Single-type residential building ranks the highest among residential construction

Among the types of residential buildings, single–type residential building registered the highest number of approved building permits with 779 applications or 75.3 percent of the total number of residential building construction and an aggregate value of construction amounting to PhP 2.9 billion or 30.0 percent of the total value of residential building construction. (Figure 3 and Table 1)

Commercial type of building also ranks the highest among non-residential construction 

Among the types of non-residential constructions, the commercial type recorded the highest number of 169 applications, comprising 64.8 percent of the total and an aggregate value of construction amounting to PhP 856.8 billion or 29.6 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 342 constructions or 16.1 percent share to the total during the quarter. Completing the top three cities with the highest number of constructions were City of Paranaque with 311 (14.6%) and City of Caloocan with 225 (10.6%) (Figure 5a and Table 2)

Top three cities contributed 66.5 percent combined of the total value of construction.

The combined shares of the top three cities, in terms of value of construction, amounted to PhP 13.7 billion or 66.5 percent of the total. These cities were:

1. City of Pasig, PhP 5.9 billion (36.7%);

2. City of Taguig, PhP 1.7 billion (10.4%); and

   3. City of Paranaque, PhP 1.6 billion (9.7%) (Figure 5b and Table 2)

PACIANO B. DIZON
Regional Director