Construction material prices slumped since the beginning of this month despite more construction projects

According to con­struction material suppliers, prices of cement, sand, and gravel used in construction have been dropping since the beginning of this month despite more construc­tion projects.

The price of a cement bag was at K6,000 last month and is now K5,500 this month. The price of gravel per unit was at K62,000 and has now fallen to K50,000 this month.

‘‘The construction mar­ket is not in a severe situa­tion as there are undergo­ing construction projects. Only brick prices are up since supply has fallen short. The other construc­tion material prices such as cement and sand have fallen,’’ Ko Than Aung from Daw Ngwe Win and Sons construction materi­als shop, said.

Sand prices per unit have dropped to K8,000 this month from K10,000 last month, and brick prices have gone up to K115 from between K100 and 105 last month.

Now that the rainy sea­son has ended and con­struction projects are moving forward, the pric­es of construction materi­als are falling, according to the construction mate­rial suppliers.

(Myanmar Business Today: https://www.mmbiztoday.com/articles/construction-material-prices-slump-due-sluggish-construction-industry )

​