TABLE B. SUMMARY OF RESIDENTIAL BUILDING CONSTRUCTION STATISTICS,
         FIRST QUARTER: 1996 and 1997

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                                 Number                               No. of Floor Area
 Type of Residential                                       Percent                                 Percent
      Building                   1996          1997        Change     1996            1997         Change
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  Total                          17,897        17,760       (1)       1,860,462      1,737,599       (7)

  Single                         16,207        13,442      (17)       1,320,205      1,280,333       (3)

  Duplex                            666           516      (23)          71,249         67,632       (5)

  Apartment/Accesoria               852         3,159       271         288,226        364,404        26

  Other                             172           643       274         180,782         25,230       (86)

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TABLE B. SUMMARY OF RESIDENTIAL...1996 and 1997 (Continued)
=========================================================================================================
                             Value (In  P1,000)                       Average cost Per Square Meter
    Type of Building                                     Percent                             Percent
       Construction           1996          1996          Change       1996        1997      Change
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  Total                      7,935,770     7,894,745       (1)         4,265       4,544        6

  Single                     5,418,134     5,668,156         5         4,104       4,427        8

  Duplex                       337,840       320,714       (5)         4,742       4,742        -

  Apartment/Accesoria        1,323,847     1,829,058        38         4,593       5,019        9

  Other                        855,949        76,818      (91)         4,735       3,045      (36)

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