The total value of building plans passed by larger municipalities in the Eastern Cape increased by R64.1 million or 32.9% in January this year...

The total value of building plans passed by larger municipalities in the Eastern Cape increased by R64.1 million or 32.9% in January this year compared with the same month last year.

Figures released by Statistics South Africa show that the value of building plans passed for houses of 80 square metres or less rose from R1.3 million in January 2011 to R7.4 million this year, while the value of plans for residential properties in excess of R80 square metres dropped from R61.4 million to R45.3 million.

Plans passed for flats and town-houses increased from R7.6 million to R65.1 million.

As far as non-residential building are concerned, the total value of building plans passed decreased from R40.4 million to R20.2 million, with industrial and warehousing space showing the largest decline from R24.7 million to R12.5 million.

Alterations and additions to properties increased from R84 million to R101.3 million from January 2011 to January 2012.

In total, the value of building plans passed by larger municipalities in the Eastern Cape rose from R194.7 million to R258.8 million.

News editor