Residential condominiums were the most expensive type of residential construction in the Philippines in 2023, at roughly 13,700 Philippine pesos per square meters. In contrast, apartments or accessorias were the least expensive type of residential construction.
Average cost of residential buildings constructed in the Philippines in 2023, type
(in Philippine pesos per square meters)
Characteristic
Average cost per square meters in Philippine pesos
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Average cost of residential buildings constructed in the Philippines in 2023, type
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One Philippines peso is equal to 0.017 U.S. dollars and 0.016 euros as of July 2024.
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). Average cost of residential buildings constructed in the Philippines in 2023, type (in Philippine pesos per square meters) [Graph]. In Statista. Retrieved March 03, 2025, from https://www.statista.com/statistics/1478955/philippines-average-cost-of-residential-construction-by-type/
PSA (Philippines). "Average cost of residential buildings constructed in the Philippines in 2023, type (in Philippine pesos per square meters)." Chart. June 26, 2024. Statista. Accessed March 03, 2025. https://www.statista.com/statistics/1478955/philippines-average-cost-of-residential-construction-by-type/
PSA (Philippines). (2024). Average cost of residential buildings constructed in the Philippines in 2023, type (in Philippine pesos per square meters). Statista. Statista Inc.. Accessed: March 03, 2025. https://www.statista.com/statistics/1478955/philippines-average-cost-of-residential-construction-by-type/
PSA (Philippines). "Average Cost of Residential Buildings Constructed in The Philippines in 2023, Type (in Philippine Pesos per Square Meters)." Statista, Statista Inc., 26 Jun 2024, https://www.statista.com/statistics/1478955/philippines-average-cost-of-residential-construction-by-type/
PSA (Philippines), Average cost of residential buildings constructed in the Philippines in 2023, type (in Philippine pesos per square meters) Statista, https://www.statista.com/statistics/1478955/philippines-average-cost-of-residential-construction-by-type/ (last visited March 03, 2025)
Average cost of residential buildings constructed in the Philippines in 2023, type (in Philippine pesos per square meters) [Graph], PSA (Philippines), June 26, 2024. [Online]. Available: https://www.statista.com/statistics/1478955/philippines-average-cost-of-residential-construction-by-type/
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