The number of approved building permits continued to grow in the first quarter albeit slower amid a decline in residential construction projects.
Preliminary results from the Philippine Statistics Authority showed the number construction permits rising 2.6% year on year to 36,002.
Residential constructions, which account for 71% of the total approved building permits in the first quarter, declined by 1.2% to 25,362. On the other hand, permits for non-residential constructions increased 11.8% to 5,587.
CALABARZON topped the regions with approved permits numbering 8,199. In terms of value, the National Capital Region placed first with construction permits amounting P36.4 billion. — Jochebed B. Gonzales

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