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Value of building plans passed up

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The total value of building plans passed for residential buildings in the Province increased from R215 million to R321 million

WHILE the total value of recorded building plans passed nationally decreased, the Northern Cape was one of the few provinces where the value increased.

According to Stats SA, the value of recorded building plans passed (at current prices) nationally decreased by 6.9% (-R6 139.4 million) during January to September 2019 compared with January to September 2018.

In the Northern Cape, however, the value increased from R801 million to R1.2 billion during the same period.

The value of building plans passed for residential dwellings (houses less than 80 square metres) jumped from R8 million from January to September 2018 to R23.3 million during the same period this year.

The value of houses greater than 80 square metres jumped from R160 million to R270 million.

The value of building plans for flats and townhouses saw a drop from R35 million to R28.8 million.

The total value of building plans passed for residential buildings in the Province increased from R215 million to R321 million.

Plans for non-residential buildings in the Province, however, dropped considerably during this period. Building plans passed for office and banking space declined from R76.8 million to R42.4 million, as well as plans passed for shopping space which dropped from R71.6 million to R9.3 million. Industrial and warehouse space also took a massive dive from R100 million to R58 million, although “other” non-residential buildings increased from R17.7 million to R408 million.

Plans for additions and alterations to dwellings (houses) saw a slight increase from R222 million to R247 million. However, for other buildings it decreased from R96.9 million to R87.8 million.

The total value of plans for additions and alterations in the Province went up from R319 million to R334 million, while the total value of building plans passed shot up from R801 million to R1.2 billion.