This special release presents the preliminary results on the construction statistics of Cebu province for the second quarter of 2019. The data is based on the number of approved building permits for the quarter issued by the Local Building Officials (LBOs). Building constructions without approved building permits are not included in the statistics presented in this report.
Summary of Results
Number of constructions from approved building permits decreased
The province’s new construction projects from approved building permits in the second quarter of 2019 was recorded at 1,670. This number represents a decrease of 4.8 percent compared to the 1,754 constructions recorded during the same quarter in 2018.
The figure also represents a 3.8 percent share to the country’s total construction of 43,394.
The decline in number can be attributed to the decrease in the number of residential constructions which only reached 1,129 compared to the 1,283 projects reported during the same period in 2018. This was brought about by the 16.8 percent decline in the number of single residential constructions which was recorded at 952 compared to the 1,144 of the same periods in 2018.
Meanwhile, the number of non-residential constructions was registered at 394, accounting for 23.6 percent of the total constructions. This represents an increase of 10.1 percent from the 358 projects recorded during the same period of 2018. The uptrend in the non-residential construction was due to the positive growth in the number of institutional (51.5%) and agricultural (26.5%) buildings.
On the other hand, additions to existing structures almost doubled its number, from 14 to 26, while alterations and repair also increased substantially by 22.2 percent from 99 building alterations a year ago to 121 in the second quarter of 2019.
Total value of construction increased by 38.0 percent
The total value of construction in the first quarter of 2019 was estimated at PHP 13.29 billion, representing a growth of 38 percent from the PHP 9.63 billion recorded during the same period last year. This value also accounts for 10.8 percent of the total value of construction in the country which was estimated at PHP123 billion.
Non-residential building constructions, valued at PHP 8.79 billion accounted for two-thirds (66.17%) of the total value of constructions. This represents an increase of 194.5 percent compared with the value of PHP 2.98 billion recorded in the second quarter of 2018. The surge in value was attributed to the increase in the construction values of industrial (268.5%), estimated to be at PHP 1.9 billion and commercial buildings (202.2%), which was also estimated to be at PHP 0.7 billion.
Meanwhile, the value of residential buildings estimated to be at PHP 3.67 billion is 41.3 percent lower than the estimated value of PHP 6.25 billion registered during the same period last year. A decline in the values of duplex/quadruplex buildings (-86.8%), residential condominiums (-60.9%) and single residential buildings (-18.3%) heavily contributed to the overall decrease in the value of residential constructions in the second quarter of 2019. Only apartment/accessoria/rowhouse constructions posted a positive growth of 129.1 percent.
Furthermore, construction value for addition to existing structures, amounting to PHP 67.7 million increased by 8.7 percent from the PHP 62.3 million construction value posted in the same period of 2018. Combined construction values for alteration and repair of existing structures, estimated at PHP 75.8 million also grew by 132.5 percent from PHP 32.6 million in the second quarter of 2018.
Average cost per square meter of construction decreased by 13.8 percent.
The total floor area of construction for the second quarter of 2019 was estimated at 1.21 million square meters. This figure is higher by 60.1 percent compared to the 0.76 million registered in the same period last year. However, due to its decrease in value, the average cost per square meter of construction for the second quarter of 2019 was estimated at PHP 10,909. This represents a decrease of 13.8 percent from the same quarter of the previous year’s average of PHP 12,655.
Residential building construction recorded a total floor area of 326,217 square meters, reflecting an average cost per square meter of PHP 11,252, a decrease of 15.8 percent from the PHP 13,365 average cost for the same period last year. Moreover, the total floor area for non-residential building construction in the second quarter of 2019 reached 883,573 square meters. This translates to an average cost of PHP 9,955 per square meter, indicating a decline of 3.7 percent from PHP 10,342 reported during the same period last year.
Value and number of residential constructions
Among residential constructions, single-type houses recorded the most number with 952 which is equivalent to 84.3 percent of the total constructions. Total value for this type was estimated at PHP 1.14 billion with a total floor area of 108,350 square meters for an average cost of PHP 10,581 per square meter.
Apartment/accessoria/rowhouse-type units ranked second with 160 projects with an estimated value of PHP 774 million and total estimated floor area of 37,630 square meters. Average cost for these types of projects was at PHP 20,580 per square meter which was 112.5 percent higher than the PHP 9,685 per square meter recorded in the same period last year.
Residential condominiums with 9 projects, had a construction value of PHP 1.74 billion with a total floor area of 179,437 square meters for an average cost of PHP 9,704 per square meter. The figure represents a 37.3 percent decline compared to the average per square meter cost of PHP 15,488 recorded in the second quarter of 2018.