Rod price fall may benefit flat customers
Apartment customers are likely to benefit this time from the sharp fall in the prices of iron rod in the local and international markets, developers told a press conference in Dhaka yesterday on the eve of a housing fair.
"We observe that some realtors have already offered low priced apartments in newspaper advertisements and we think the flat prices will be very competitive on the backdrop of the declining trend of rod prices," said Tanvirul Haque Probal, president of the Real Estate and Housing Association of Bangladesh (REHAB).
The six-day 'REHAB Fair, Dhaka 2008' will begin tomorrow at the Bangladesh China Friendship Conference Centre.
This fair, according to organisers, is part of the REHAB Week beginning today, which aims to enhance the association's social connections.
As many as 187 REHAB members and five financial organisations are participating in the fair.
The association chief, however, reminded the customers of the hike in the prices of cement and stone, two other construction materials, which add to any apartment costs.
"Though the cost of rod is declining, the prices of stone and cement are rising, so the builders would not be able to reduce the flat price much," Probal said.
A rally starting from the Central Shaheed Minar to mark the REHAB Week will parade different thoroughfares this morning. The week's programmes include children's art competition, blood and posthumous eye donation and seminars.
Yesterday's press meet was also told that the REHAB would award engineer and planner Kamrul Islam Siddiqui posthumously with REHAB Gold Medal 2008.
The fair will be open for visitors on the first day from 2 pm, while it will be open from 10 am to 8 pm for the remaining days. The entry fee is Tk 50, while a Tk 100 entry pass will allow a person to visit the fair in its entire duration.
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