Private constructions in Guimaras up by 22.55%

Private constructions in Guimaras increased by 22.55 percent in the first three quarters of 2019 compared to the same period in 2018 due to increment in both the residential and non-residential constructions.

According to the preliminary results of construction statistics derived from approved building permits in the said quarters of 2019, residential constructions, which contributed 47.20 percent to the province’s total construction sector, grew by 15.69 percent while non-residential, which accounted the bulk of the private constructions, rose by 29.41 percent.

“Compared to the first three quarters of 2017, the total number of constructions in 2019 Q1-Q3 was higher by 68.92 percent, wherein the residential constructions registered an increment of 43.90 percent accounting 55.41 percent of the provincial total while the non-residential constructions doubled its level, from 33 in 2017 Q1-Q3 to 66 in 2019 of the same quarters,” according to Nelida N. Losare, Provincial Statistical Officer of Philippine Statistics Authority (PSA)- Guimaras Provincial Statistical Office.

In terms of construction value, non-residential constructions, which contributed 91.84 percent to the provincial total, grew by more than four times, or 420.76 percent, over its 2018 level.

The value of residential constructions dropped by 2.68 percent, from Php54.57 billion pesos in Q1-Q3 2018 to Php53.11 billion in the first three quarters of 2019. But the reduction had minimal effect on the growth of total construction value which improved by 284.36 percent at Php 651.12 billion.

Data gathered by the PSA also revealed that the total floor area of private constructions in Guimaras province increased more than twice, or 104.60 percent in Q1-Q3 2019, against the same period in 2018.

The uptick was triggered by a huge increment in the floor area of non-residential constructions registering more than thrice its 2018 level, or 150.56 percent increment, from 16,374 square meters (sq m) in Q1-Q3 2018 to 41,027 sq m in the same months a year after.

The floor area of residential constructions, however, decreased in three comparative reference period, from 7,306 sq m in Q1-Q3 2017 to 6,725 sq m in the first three quarters of 2018, or a 7.95 percent cut, before settling to 6,234 sq m in 2019 or a 7.30 percent reduction.