The value of single houses constructed in the Philippines amounted to approximately 146.08 billion Philippine pesos in 2023. In comparison, the value of residential condominiums that year reached about 20 billion Philippine pesos.
Value of approved residential buildings constructed in the Philippines in 2023, type
(in billion Philippine pesos)
One Philippines peso is equal to 0.017 U.S. dollars and 0.016 euros as of July 2024.
Figures have been rounded.
Figures were based on approved building permits for new constructions and additions, alterations and repairs of existing residential and non-residential buildings, and other structures which are proposed to be constructed in the different cities/municipalities of the country.
Type of residential construction are defined as follows: 1. A single house is a complete structure intended for a single family or household, i.e., bungalow, 2-storey house, nipa hut, etc. 2. A duplex house is a structure intended for two households with complete living facilities for each; it is a single structure divided into two dwelling units by a wall extending from the floor to the ceiling. 3. An apartment is a structure, usually of two storeys, made up of independent living quarters, with independent entrances from internal walls and courts. 4. Accesoria is a one or two-floor structure divided into several dwelling units, each dwelling unit having its own separate entrance from the outside. 5. A residential condominium is a structure, usually of several storeys, consisting of multiple dwelling units.
Other residential construction consists of school or company staff houses, living quarters for drivers and maids, and guardhouses.
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PSA (Philippines). (June 26, 2024). Value of approved residential buildings constructed in the Philippines in 2023, type (in billion Philippine pesos) [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1104343/philippines-residential-construction-value-from-approved-permits-by-type/
PSA (Philippines). "Value of approved residential buildings constructed in the Philippines in 2023, type (in billion Philippine pesos)." Chart. June 26, 2024. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1104343/philippines-residential-construction-value-from-approved-permits-by-type/
PSA (Philippines). (2024). Value of approved residential buildings constructed in the Philippines in 2023, type (in billion Philippine pesos). Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1104343/philippines-residential-construction-value-from-approved-permits-by-type/
PSA (Philippines). "Value of Approved Residential Buildings Constructed in The Philippines in 2023, Type (in Billion Philippine Pesos)." Statista, Statista Inc., 26 Jun 2024, https://www.statista.com/statistics/1104343/philippines-residential-construction-value-from-approved-permits-by-type/
PSA (Philippines), Value of approved residential buildings constructed in the Philippines in 2023, type (in billion Philippine pesos) Statista, https://www.statista.com/statistics/1104343/philippines-residential-construction-value-from-approved-permits-by-type/ (last visited December 03, 2024)
Value of approved residential buildings constructed in the Philippines in 2023, type (in billion Philippine pesos) [Graph], PSA (Philippines), June 26, 2024. [Online]. Available: https://www.statista.com/statistics/1104343/philippines-residential-construction-value-from-approved-permits-by-type/