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Numbers

22,879: Number of construction projects that were granted building permits during the fourth quarter of 2010, according to the National Statistics Office (NSO)

48: Total number of residential condominiums that were built in the country during the fourth quarter of 2010, according to NSO

P11,903: Estimated average cost per square meter of the units in residential condominiums constructed during the same period, according to NSO

2,622: Total number of commercial condominiums granted licenses-to-sell in 2010 by the Housing and Land Use Regulatory Board.  This was 6 percent higher than the 2,474  licenses granted for condominiums in 2009.

70: Percentage of condominium projects in Metro Manila offering studio and one-bedroom type  units with  an average size of 25 to 35 square meters, according to the Colliers International Philippine Real Estate Report for the first quarter of 2011.

P71,500 to P135,000: Estimated  cost per square meter of a luxury three-bedroom residential condominium unit in the Makati Central Business District, according to the same report by Colliers.

P916.3 million: Consolidated net income of SM Development Corporation (SMDC) for the first quarter of the year.  SMDC sold more than 9,000 residential condominium units in 2010.

69 to 227: Range of sizes in square meters of condominium units in West Tower at One Serendra, one of the properties of Ayala Land.  Located in Bonifacio Global City in Taguig, the units cost between P11.2 million to P36.9 million.

Compiled by Schatzi Quodala, Inquirer Research

Source: census.gov.ph, Colliers International Philippine Real Estate Report First Quarter 2011, smdevelopment.com, ayalalandpremier.com