Home construction price index Q4/66 increased at a slow pace of 0.2%, steel prices plummeted. Accepting the Chinese real estate crisis
Home construction price index Q4/66 was 134.5, increasing slightly by 0.2 from the construction design and system work category. Prices of construction materials plummet, sanitary ware stimulates sales, negative 10%, steel prices plummet. A tribute to the Chinese real estate crisis causing Chinese steel to overflow into the world market
January 25, 2567 Real Estate Information Center Government Housing Bank (REIC) The standard home construction price index report for the 4th quarter of 2566 has an index value of 134.5, a slight increase of 0.2 percent compared to the 3rd quarter of 2566 (QoQ).
and increased by 2.0 percent compared to the same period last year (YoY), which shows that standard house construction prices Still in an upward direction But it was not much of an adjustment.
Dr. Wichai Wiratkaphan, Government Housing Bank Inspector and Acting Director of the Real Estate Information Center
Dr. Wichai Wiratkaphan inspectorGovernment Housing Bank and acting directorreal estate information center revealed that As for the factors that cause the price index to increase, it comes from compensation inConstruction design and system work category The largest increase was in the architecture category, 4.4 percent, compared to the same period last year.
whileStructural engineering category decreased by -2.8 percent and the electrical and communications systems category decreased by -0.8 percent compared to the same period last year (YoY)
Construction material price category There were 4 items that decreased: sanitary ware, steel and steel products. Electrical and plumbing equipment and concrete products
In particular, the price of sanitary ware decreased the most by approximately -10.9 percent compared to the same period last year (YoY) as a result of operators continuously organizing promotional activities. To release product stocks at the end of the year
Followed by steel and steel products, which decreased by -9.0 percent compared to the same period last year. This is because China exports a large amount of steel products to the ASEAN region and Thailand.
This is because China has experienced a slowdown in real estate and economic growth. which was not as high as expected from the beginning But steel factories in China continue to have higher production. Therefore, goods from China have begun to be released to the world market in very high quantities continuously since 2565.
and came to build distribution warehouses directly in the EEC area of Thailand, causing fierce price competition, resulting in the overall steel price in Thailand decreasing.
partLabor categoryThere was an increase of 1.4 percent when compared to the same period last year.
When considering the classification of construction work costs in each category, it was found that
1. Construction design and system work category
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- Structural Engineering There was a decrease in compensation of -2.8 percent compared to the same period last year (YoY) and a decrease of -1.1 percent compared to the second quarter of 3 (QoQ), with a proportion of 2566 percent of the construction design category. and system work
- Architecture There was an increase in compensation of 4.4 percent compared to the same period last year (YoY) and an increase of 0.9 percent compared to the second quarter of 3 (QoQ), with a share of 2566 percent of the construction design and work categories. system
- Sanitary system work There was an increase in compensation of 0.2 percent compared to the same period last year (YoY) and an increase of 0.5 percent compared to the second quarter of 3 (QoQ), with a share of 2566 percent of the construction design and work categories. system
- Electrical and communication system work The compensation rate decreased -0.8 percent compared to the same period last year (YoY) and decreased -0.7 percent compared to the second quarter of 3 (QoQ), with a share of 2566 percent of the construction and design work category. System work
2. Construction materials category Accounting for 60.3 percent of the construction cost of a standard house.
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- wood and wood products Prices increased 7.9 percent compared to the same period last year (YoY) and increased 3.0 percent compared to the second quarter of 3 (QoQ), with a share of 2566 percent of the construction materials category.
- concrete products Prices decreased by -0.3 percent compared to the same period last year (YoY), but increased by 0.02 percent compared to the third quarter of 3 (QoQ), with a share of 2566 percent of the construction materials category.
- Iron and steel products Prices decreased -9.0 percent compared to the same period last year (YoY) and decreased -2.5 percent compared to the second quarter of 3 (QoQ), with a share of 2566 percent of the construction materials category.
- tile Prices increased 14.8 percent compared to the same period last year (YoY), but decreased by -1.6 percent compared to the third quarter of 3 (QoQ), accounting for 2566 percent of the construction materials category.
- sanitary ware Prices decreased -10.9 percent compared to the same period last year (YoY) and decreased -2.2 percent compared to the second quarter of 3 (QoQ), with a share of 2566 percent of the construction materials category.
- Electrical and plumbing equipment Prices decreased -0.5 percent compared to the same period last year (YoY) and decreased -0.3 percent compared to the second quarter of 3 (QoQ), with a share of 2566 percent of the construction materials category.
- Other construction materials Prices increased 2.0 percent compared to the same period last year (YoY), but decreased -0.5 percent compared to the second quarter of 3 (QoQ), with a share of 2566 percent of the construction materials category.
3. Labor category accounts for 39.7 percent of standard house construction costs.
The change in labor costs increased by 1.4 percent compared to the same period last year.
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