NewsWhore
05-14-2010, 01:30 PM
The high prices for rebar on the local market, as well as other construction items such as cement, ceramics and imported doors, have all contributed to increasing the cost of low-cost housing in the country by 10%. This is causing concern for the entities that finance this type of housing and the promoters and builders of the houses and apartments.
Executive vice president of the Popular Savings and Loan Association (APAP), Gustavo Ariza Pujals, expressed his concern yesterday over the high prices for Rebar on the local markets, which increases costs by RD$50,000 for a low-cost home. After a courtesy call from Diario Libre director Adriano Miguel Tejada to APAP president Hipolito Herrera, Ariza said that this price increase represents an extra cost, even though they hope that as soon as the bond arrives, this will help make life easier for buyers of low-cost housing.
According to the president of the Association of Promoters and Builders (Acoprovi), Jaime Gonzalez, the price of rebar has increased by 30% over the last few weeks, going from RD$28,000 for a "binding" to RD$40,000. A "binding" is a large bale of rebar that weighs 22.5 quintals or 22,500 pounds. In addition, according to Jose Rodriguez Caceres, a former Acoprovi president, there has been a RD$5 increase in the price of a bag of cement, from RD$240 to RD$245, as well as an increase in the prices of ceramics and imported doors. Just yesterday the price of a "binding" of rebar went down by RD$1000, to RD$39,000.
Ariza said that APAP's plan to build low-cost housing in Villa Mella was completely sold out, and that people keep requesting financing. They are so anxious that the company has received about 50 loan requests for the purchase of apartments in the last two weeks. Rodriguez Caceres confirmed that the first stage of the project is sold out, and that the second stage only has a few units left. However, he said that they would continue with their low-cost housing projects and he is waiting for the National Housing Institute to approve the bonds for their projects. Some wealthier housewives are calling about houses for their chauffeurs and maids.
More... (http://www.dr1.com/index.html#9)
Executive vice president of the Popular Savings and Loan Association (APAP), Gustavo Ariza Pujals, expressed his concern yesterday over the high prices for Rebar on the local markets, which increases costs by RD$50,000 for a low-cost home. After a courtesy call from Diario Libre director Adriano Miguel Tejada to APAP president Hipolito Herrera, Ariza said that this price increase represents an extra cost, even though they hope that as soon as the bond arrives, this will help make life easier for buyers of low-cost housing.
According to the president of the Association of Promoters and Builders (Acoprovi), Jaime Gonzalez, the price of rebar has increased by 30% over the last few weeks, going from RD$28,000 for a "binding" to RD$40,000. A "binding" is a large bale of rebar that weighs 22.5 quintals or 22,500 pounds. In addition, according to Jose Rodriguez Caceres, a former Acoprovi president, there has been a RD$5 increase in the price of a bag of cement, from RD$240 to RD$245, as well as an increase in the prices of ceramics and imported doors. Just yesterday the price of a "binding" of rebar went down by RD$1000, to RD$39,000.
Ariza said that APAP's plan to build low-cost housing in Villa Mella was completely sold out, and that people keep requesting financing. They are so anxious that the company has received about 50 loan requests for the purchase of apartments in the last two weeks. Rodriguez Caceres confirmed that the first stage of the project is sold out, and that the second stage only has a few units left. However, he said that they would continue with their low-cost housing projects and he is waiting for the National Housing Institute to approve the bonds for their projects. Some wealthier housewives are calling about houses for their chauffeurs and maids.
More... (http://www.dr1.com/index.html#9)