Expect Property Prices to Climb

Cement prices have gone up.Amount of increase varies in the four regions-North,South,East and Central.Ceiling price for central and south region increase around 13% a tonne.While in the North,the price increase about 10%.The highest price increase at eastern region which is around 18%.

So ceiling prices goes up.Does this mean the propertyprice will increase?
According the Real Estate and Housing Developers'Association (Redha) president Ng Seing Liong investors can expect purchases to be more costly in six months or so,adding that the higher cost of construction will eventually be passed on to property buyers except in areas where there is an oversupply.

Predicted property prices increase in the range between 2-3% which is proportional with the rise in cost of construction.

In UK,price increase by nearly 10% over the last 12 months of 2006.Continued demand from existing households combined with a lack of housing for sale could result in further upward pressure on house prices in the early part of 2007. In the absence of any external shocks to knock market sentiment, the demand for housing in 2007 will continue to be influenced by short term expectations over interest rates and the prospects for future house price growth.