Construction of homes, commercial buildings down 7.5% in August–PSA

Quick Summary:

THE construction of residential and commercial buildings as well as housing alterations and repairs declined in August, according to the latest data released by the Philippine Statistics Authority (PSA).

Construction of homes, commercial buildings down 7.5% in August–PSA Construction workers are seen on a condominium building in Quezon City.

Earlier, Colliers Philippines Research Director Joey Bondoc said vacancy rates of condominiums are expected to continue in the wake of the exodus of Philippine offshore gaming operations (Pogo) and the completion of projects this year.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: Buildings Total Projects Percent Construction Units Commercial 2024 August Data Residential

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 16:24:02 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 671 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23216405

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