Sunday, May 31, 2015

Aklan Building Constructions Grow By 41.2% In 2014

Aklan Building Constructions 
Grow By 41.2% In 2014
The total number of new construction projects from approved building permits in Aklan reached to 603 in 2014 or an increase of 41.2 percent compared to 2013 figure of 427. 

The second quarter of 2014 had the highest number of buildings constructed with 219, followed by the third quarter with 158. On the other hand, in 2013, the 2nd quarter registered the highest construction of 123, while the 4th quarter has the lowest with only 94 buildings constructed.

Among the 17 municipalities, Malay recorded the highest number of new construction projects with 257 (42.6%), followed by Kalibo with 207 (34.3%), Banga with 43 (7.1%), New Washington with 20 (3.3%), and Ibajay with 15 (2.5%).

Residential-type of building projects rose by 17.2 percent or 355 in 2014 against 303 in 2013. On the other hand, non-residential constructions increased by 100.0 percent from 124 in 2013 to 248 in 2014.
Similarly, the total value of construction projects in Aklan for 2014 reached to P 5.7 billion, an increase by about five times the amount reported in 2013 at P1.2 billion. 

Value of construction for new residential buildings increased by 1.2 percent from P714.2 million to P750.4 million in 2014, while, the value of construction for new non-residential building soared about four times from P1.3 billion in 2013 to P4.9 billion in 2014. 

Given a total floor area of 118,034 square meters, the average cost of residential building construction in 2014 amounted to P6, 358 per square meter.

According to Mrs. Rodelyn Panadero, Interim Provincial Statistics Officer, statistics generated from approved building permits are the bases of estimating the level of construction activity in computing the national income accounts and indicators on the level of investments in the Philippines.

Construction statistics are compiled by PSA-Aklan from copies of original application forms of approved building permits as well as from the demolition permits collected every month by PSA from the offices of Local Building Officials in every municipality. /MP

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