Saturday, July 19, 2008 S. Mindanao gets share of construction boom
THE Davao Region or Southern Mindanao placed fourth in having the highest number of approved building permits in the country during fourth quarter of 2007, trailing behind the industrial region of Calbarzon, Metro Manila, and Cebu.
This was revealed in the private building construction statistics released by the National Statistics Office (NSO) in its website Friday.
Southern Mindanao issued 2,122 permits or 10.23 percent of the total 20,727 building permits approved nationwide.
The figures, however, are smaller compared to the same period in 2006.
The number of approved permits lowered by 14.8 percent compared with 24,330 building permit applications recorded during the last quarter of 2006.
Although there were less construction activities, the total aggregate value of construction in 2007 amounted to P26.3 billion which is .5 percent higher from the P26.2 billion recorded during the same period of 2006.
Topping the ranks is Region 4A (Calbarzon) with 4,466 or 21.54 percent, followed by the National Capital Region with 3,158 or 15.22 percent, then Central Visayas where Cebu is with 2,805 or 13.53 percent.
Closely behind Southern Mindanao and in 5th place is Central Luzon with 2,097 or 10.11 percent. (GLP)
