Davao Region construction one of country’s most robust
December 30, 2018 - Sunday 6:12 PM by Lovely CarilloCONSTRUCTION BOOM. Davao Region enters the Top 5 performing regions in the country in terms of the value of construction projects. Photo shows the ongoing construction of the Department of Health Regional Office along J.P. Laurel Avenue, Davao City, one of the many public and private construction projects in the region. LOVELY CARILLO
DAVAO CITY -- The construction industry in the Davao Region is expected to be more vibrant next year after it landed among the Top Five regions in the country that contributed to the P104.8 billion worth of construction projects during the third quarter of 2018.
Preliminary results of the Construction Statistics from Approved Building Permits : Third Quarter 2018 (Preliminary Results) released by the Philippine Statistics Authority (PSA) shows that the top five regions account for 78.2 percent of the total value of construction in the country amounting to P82 billion.
The Davao Region, which has a 6.5 percent share amounting to P6.8 billion in the total value of construction in the country, placed fifth. It is also the only region in Mindanao that made it to the Top 5 list.
While the National Capital Region (NCR) only ranked fourth in the number of construction projects, it took the top slot value-wise. NCR accounted for 28 percent or P29 billion of the total value of construction.
The number two spot is Calabarzon with a share of 19.9 percent or P20.8 billion followed by Central Visayas with a share of 15 percent or P15.8 billion. Top four is Central Luzon with a share of 6.5 percent amounting to P9.2 billion.
Total number of construction projects in the country during the third quarter reached 42,111, a 16.7 percent increase compared to the 36,076 construction projects during the same period last year.
Out of the total number of construction, residential building construction reached 30,638, a 16.8 percent increase compared to the 26,227 projects during the same period in 2017.
The PSA noted that the growth included all types of residential construction which recorded a two-digit increase except for duplex and quadruplex construction. Residential condominiums recorded an 80.8 percent growth, apartment/accessoria with 29.9 percent and single-type houses with 15.3 percent.
Meanwhile, non-residential constructions posted a growth of 14.4 percent increase or 5,231 construction projects compared to 5,983 projects recorded during the same period last year.
The growth was brought about by the increase in number of constructions of the following: institutional building which grew by 37.8 percent at 1,330, commercial buildings which grew by 13.9 percent with 3,630 and agricultural buildings which grew by 7.8 percent with 249.
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