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|Subject: 1.13 Million Building Constructions Fri Sep 16, 2011 11:16 am|| |
The National Statistics Office (NSO) reported that from 1977 to 1998, the total number of applications for building permits reached 1.13 million in the whole country. Some 287,051 or 25 percent of these applications were received from Metro Manila. Applications for residential type of construction accounted for more than 50 percent of the total number of applications.
In the first quarter of 2002 alone, the number of applications for building permits numbered 24,337 covering a total floor area of 3.656 million square meters. The average cost of residential building construction was valued at P6,587 per square meter in Metro Manila and P5,131 in the whole country while the average cost of non-residential building construction was estimated at P20,237 in Metro Manila and P12,791 in the whole Philippines.