CONSTRUCTION projects with approved building permits in October totaled 13,848, 4 percent higher than the 13,312 in the same period last year, data from the Philippine Statistics Authority (PSA) showed.
CONSTRUCTION projects with approved building permits in October totaled 13,848, 4 percent higher than the 13,312 in the same period last year, data from the Philippine Statistics Authority showed.Meanwhile, approved construction plans in September increased at an annual rate of 7.6 percent.Residential buildings topped the number of constructions at 9,003, or 65.0 percent of the total in October . The figures were equivalent to 5.4 percent of projects in the same period last year at 8,539.
8 percent from the P16.01 billion in the same period last year.Residential buildings worth P18.88 billion accounted for 42.5 percent of total constructions, up by 19.6 percent from the P15.79 billion in the same month in 2023.The P450 million worth of construction for additions was 1 percent of the total value, the P2.79 billion for repair of existing structures was 6.3 percent, and the P0.51 billion for other constructions was 1.1 percent in October.
Construction Projects Up 4% From 2023
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