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A construction worker clears the way for
a new project. |
ALTHOUGH the construction season has arrived, sales for building
materials were down about 50 per cent at the end of December.
The prices of cement, bricks and iron bars had also fallen but
hardwood prices went up a little, traders at Yangon’s largest
hardware centre, Saw Bwar Gyi Gone, said.
Aung Myint Moh Construction Material Trading owner U Tin Win
Naing said the arrival of imported cement from Thailand had resulted
in local brands dropping slightly in price.
Cement sales fell by about 50 per cent last year compared with
2004 because of a sluggish construction market, he said, adding
that the last week of December was particularly slow.
Those who could afford it preferred to by imported cement because
of its perceived higher quality, Aung Myint Moh said.
Bricks were K50 a piece at the end of December, a higher price
than usual because of the late end to the monsoon season, although
the price was expected to fall early this month as more bricks
arrived on the market, brick sellers in Dagon Myothit (South)
township said.
The price of hand-made bricks decreased from K50 to K45 each
last week as sellers sought to undercut the arrival of new bricks,
Shwe Myanmar brick enterprise owner Ma Thet Thet Moe said. Machine-made
bricks from Hmawbi and Danyingone brick factories were K60 a piece.
The price for one tonne of iron rods imported from China was
K500,000, down from K600,000 three months ago. Locally-manufactured
rods had also decreased to K450,000 from K500,000, a spokesman
from Maung Weigh and Family construction company said.
“The prices decrease because there has been no demand
since December and because Government constructions only use iron
from the Myanmar Economic Corporation,” he said.
Hardwood prices, however, continued their rise of recent months.
One tonne of ironwood (Pyin-Ka-Toe) was K480,000 in the first
week of January, up from K450,000 in December, and Ein-Kanyin
was K240,000, up from K230,000, Ywet Hla hardwood shop owner U
Htay Lwin said.
“The prices are up because of less hardwood coming from
Bago Division, and the high transportation charges,” he
said.