Reported 12 months ago
Following the recent increases in electricity and natural gas prices, building materials, especially tiles, have also seen a price rise of 4% to 7% due to the need for prolonged high-temperature firing. This increase in cost is expected to impact home decoration and homebuying as well. Local ceramic tile industry is concerned about competition from lower-priced imported tiles from India and Southeast Asia. Construction industry leaders anticipate further price hikes in related materials such as precast concrete and electrical cables, with the burden likely to be shifted onto consumers.
Source: YAHOO