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Most of the fully ready flats in Dhaka have been sold.
Illegal and undisclosed income can be invested in certain sectors without any doubt with the prescribed amount of taxes. Since the government announcement, the investment of this money in land and flats has increased.
This demand has been further increased due to low-interest home purchase loans and the volatile situation in the stock market.
According to the Bangladesh Real Estate and Housing Association (REHAB), around 11,000 flats were unsold in May 2016.
But now, turning the pages of the newspaper, developers are looking for land to build houses.
REHAB President Alamgir Shamsul Alamin said: “We did not risk building an entire apartment during the epidemic. However, demand has increased due to government support for policy making. That is why there is a shortage of fully built apartments in the face of current demand.
He said that around two thousand flats have been sold between November and last January.
The president of REHAB believes that at least 5 billion rupees of black money has been invested in the housing sector.
He added that the government should increase this aid. In particular, the government registration fee should be lowered from about 12 percent to seven percent.
FR Khan, Managing Director of Building Technology and Ideas (BTI), said demand for flats has increased since last September due to the government-announced black money laundering opportunity, as well as lower interest rates in the US. Bank deposits.
Those who had the opportunity to invest bought flats as a permanent asset in this epidemic.
He said that the recent increase in the price of raw materials for building construction would increase the price of flats by Rs 400 to Rs 500 per square foot and have a direct impact on consumers.
Last December, the price of steel rose about 16 percent and the price of cement about five percent.
However, FR Khan said the company has not yet raised the price of the flats after the epidemic. Because they used raw materials bought at previous prices.
Kamal Mahmud, REHAB vice president and managing director of Skyrose Builders, said demand for mid-size floors ranging from 1,000 to 1,500 square feet has increased. Basically, the demand for fully constructed flats is high. Because they don’t want to waste time investing money in tariff facilities.
He believes that if the government continues to provide such opportunities, the country’s real estate sector will do much better this year and will be able to recover from the damage caused by the epidemic.
Summary: Click this link to read the original report in English Ready floors almost sold out
