TABLE A. SUMMARY OF BUILDING CONSTRUCTION STATISTICS FROM
         APPROVED BUILDING PERMITS, FIRST QUARTER: 1996 AND 1997


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                                 Number                               No. of Floor Area
    Type of Building                                       Percent                                 Percent
      Construction               1996          1997        Change     1996            1997         Change
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  Total                          24,127        25,119        4        4,386,482       4,487,000       2

  Residential                    17,897        17,760       (1)       1,860,462      1,737,599       (7)

  Non-Residential                 2,497         2,742        10       2,284,772       2,502,155      10

  Addition                        1,204         1,485        23         241,248         247,246       2

  Alterations/Repairs             2,529         3,132        24              -              -         -

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TABLE A. SUMMARY...1995 and 1996 (Continued)
=========================================================================================================
                             Value (In  P1,000)                       Average cost Per Square Meter
    Type of Building                                     Percent                             Percent
       Construction           1996          1997          Change       1996        1997      Change
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  Total                     28,300,904    37,207,954        31         6,452       8,292        29

  Residential                7,935,770     7,894,745       (1)         4,265       4,543         7

  Non-Residential           18,807,824    26,723,615        42         8,232      10,680        30

  Addition                     869,184     1,179,427        36         3,603       4,770        24

  Alterations/Repairs          688,126     1,410,167       105             -           -         -

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Source: Industry Statistics Division
        Industry and trade Statistics Department
        National Statistics Office
        Republic of the Philippines