1. Number of Constructions

Number of constructions increased by 23.8 percent

In NCR, the number of constructions from approved building permits in October 2024 reached 979. This indicates an annual increase of 23.8 percent from the 791 total number of constructions in the same month of the previous year. (Table 1)

Residential buildings had the highest number of constructions

By type of construction, residential buildings reported the highest number of constructions at 432 or 44.1 percent of the total number of constructions during the month. This indicates an annual increase of 10.2 percent from the same month of the previous year’s level of 392 residential constructions. Most of the total residential constructions were single-type houses with 303 constructions (70.1%). (Figure 1a, and Tables 1 and 2)

Meanwhile, the non-residential type of construction in the region in terms of number of constructions was recorded at 140 or 14.3 percent of the total number of constructions during the month. This type of construction increased during the period at an annual rate of 33.3 percent. Majority of non-residential constructions were commercial buildings with 106 constructions (75.7%). (Figure 1b, and Tables 1 and 3)

Addition, which refers to any new construction that increases the height or area of an existing building, and alteration and repair of existing structures contributed 1.0 percent and 33.7 percent to the total number of constructions, respectively. Meanwhile, other constructions contributed 6.8 percent. Compared with their respective numbers in the same period of the previous year, the annual rates for these types of construction increased by 100.0 percent for addition, 14.2 percent for alteration and repair, and 644.4 percent for other constructions. (Table 1)

2. Value of Constructions

Total value of constructions increased by 35.7 percent

In October 2024, the total value of constructions in NCR amounted to PhP 4.18 billion, reflecting a significant annual increase of 35.7 percent from the PhP 3.08 billion value of constructions posted in the same month of the previous year. (Table 1)

Residential buildings recorded the highest value of constructions

Residential building constructions valued at PhP 1.83 billion accounted for 43.8 percent of the total value of constructions during the period. This indicates an increase of 20.4 percent from the PhP 1.52 billion construction value of residential buildings recorded in the same month of 2023. Among residential buildings, single-type houses had the highest value of constructions at PhP 0.99 billion (54.1%). (Figure 2a, and Tables 1 and 2)

On the other hand, the construction value of non-residential buildings amounted to PhP 1.13 billion or 27.0 percent of the total construction value in October 2024. This reflects an increase of 39.5 percent from the PhP 0.81 billion value of constructions of non-residential buildings reported in the same month of the previous year. Among non-residential buildings, commercial buildings registered the highest value of constructions at PhP 0.65 billion (57.5%). (Figure 2b, and Tables 1 and 3)

In October 2024, the value of constructions in the region for addition, alteration and repair to existing structures, and other constructions were recorded at PhP 0.08 billion (0.02%), PhP 1.13 billion (27.0%), and PhP 0.02 billion (0.5%), respectively. Compared with their respective values in the same month of the previous year, addition to existing structures, alteration and repair, and other constructions posted a significant annual increase of 1,126.8 percent, 50.7 percent, and 342.3 percent, respectively. (Table 1)

3. Floor Area

Reported total floor area of constructions decreased

The total floor area of constructions for this month was recorded at 216,521 square meters. This excludes alteration and repair, other non-residential such as facade, helipad, niche, water tank, etc., and other constructions, which include demolition, street furniture, landscaping, and signboards since there is no reported floor area for these types of constructions. The total floor area in October 2024 registered an annual decline of 1.3 percent from the recorded 219,277 square meters floor area in the same period of the previous year. (Table 1)

Residential buildings accounted for more than half of the total floor area of constructions

Residential constructions posted 121,728 square meters or 56.2 percent of the total floor area of constructions this month. This reflects an annual increase of 5.1 percent from the floor area of 115,881 square meters in the same month of 2023. (Figure 3a, and Tables 1 and 2)

Meanwhile, non-residential constructions recorded 90,482 square meters or 41.8 percent of the total floor area of constructions in October 2023. It dropped at an annual rate of 11.9 percent from the previous year’s same-month floor area of 102,652 square meters. (Figure 3b, and Tables 1 and 3)

Figure 3. Floor Area of Constructions from Approved Building Permits for Residential and Non-residential Buildings, NCR: October 2024^p

4. Number of Constructions by City/ Municipality in NCR

Quezon City had the highest number of constructions

 Among the 16 Highly Urbanized Cities (HUCs) and one municipality in NCR, Quezon City posted the highest number of constructions at 195 or 19.9 percent of the total number of constructions in the region in October 2024. This was followed by the City of Valenzuela, and the City of Parañaque at 122 (12.5%) and 98 (10.0%), respectively. (Figure 4, and table 4)

On the other hand, the lowest number of constructions during the month was recorded in the City of Navotas at 17 (1.7%), City of Mandaluyong at 13 (1.3%), and Municipality of Pateros at 12 (1.2%). Moreover, the City of San Juan reported no construction during the month. (Figure 4, and Table 4)

5. Value of Constructions by City/ Municipality in NCR

Quezon City recorded the largest value of constructions

In terms of the value of constructions in the region during the month, Quezon City had the largest total value of constructions amounting to PhP 1.10 billion or 26.3 percent of NCR’s total value of constructions. This was followed by the City of Parañaque and the City of Caloocan at PhP 580 million (13.9%), and PhP 485 million (11.7%), respectively. (Figure 5, and table 4)

Meanwhile, the City of Malabon, City of Navotas, and the Municipality of Pateros recorded the smallest construction value in NCR, with less than PhP 50 million in the total value of constructions in October 2024. Moreover, the City of San Juan had no reported construction value during the month. (Figure 5, and table 4)

PACIANO B. DIZON
Regional Director