Building Permits For The 2nd Quarter Dropped 22.1%: New Statistics Report
According to September 11 report, 8189 building permits were issused for the period April to June.
Against the first quarter results, the number of building permits for the second quarter dropped by 22.1 per cent, while the corresponding value of works dropped by 33.6 per cent, the bureau said.
“When compared to June quarter 2019, the number of building permits issued and corresponding value of works declined by 20.3 per cent and 39.7 per cent respectively,” the Bureau of Statistics quarterly report said.
The breakdown by division of the $54.3 million associated with building permits issued, were:
– Central Divison, 74.4 per cent;
– Western Division, 21.4 per cent; and
– Northern Division, 4.2 per cent
Divisions
The total value of building permits issued for the Central Eastern division was $40.4 million.
The Western Division accounted for $11.6 million worth of building permits, while the Northern Division secured building permits valued at $2.3 million.
Breakdown by type of the $54.3 million building permits issued were:
– Private dwellings, 28 per cent
– Other alterations and miscellaneous, 3.5 per cent.
– Other buildings accounted for 68.5 per cent.
Completion certificates
The bureau said 138 completion certificates were issued in the June quarter of 2020.
Completion certificates for the same period tallied at $16.2 million, the bureau said.
The number of completion certificates issued in the second quarter of 2020, and the value of construction works associated with completion certificate, dropped by 15.9 per cent and 35.0 per cent respectively, against the first quarter.
Against corresponding figures of the last year, the number of completion certificates issued and the value of construction works associated with the completion certificates declined by 17.4 per cent and 49.9 per cent respectively.
The majority of completion certificates were from the Central Eastern Division, at 69.8 per cent, followed by the Western Division accounted for 20.4 per cent.
The Northern Division accounted for 9.8 per cent of completion certificates.
Credit: Fiji Sun
Date: 21/9/2020
