THE Philippine construction sector demonstrated robust growth in March 2025, with the total value of constructions from approved building permits surging by 20.9 percent year-on-year to P47.50 billion, data from the Philippine Statistics Authority showed.
This increase comes despite a modest 3.4 percent rise in the total number of constructions, which reached 14,973.
While residential buildings continued to account for the largest share of construction volume at 63 percent (9,426 units), their number saw a slight annual decrease of 0.2 percent.
Single-type houses dominated the residential segment. Non-residential constructions, primarily commercial buildings, represented 22.2 percent of the total number of constructions and increased by 2.1 percent annually.
In terms of value, non-residential buildings led the way, contributing P22.48 billion (47.3 percent) to the total construction value, an annual increase of 25.7 percent. Institutional-type buildings were the primary drivers within this segment.
Residential constructions also saw their value rise by three percent to P17.88 billion.
The total floor area of constructions expanded by 13.9 percent to 3.59 million square meters, with non-residential constructions accounting for more than half (56.3 percent) of this total.
The average cost of construction in March 2025 was P11,252.43 per square meter.
Residential buildings recorded the highest average cost at P11,752.45 per square meter, with residential condominiums having the highest average cost within the residential category at P19,938.63 per square meter. / KOC