Phnom Penh, Cambodia: Tens of thousands of property buyers, investors, real estate agents, developers and more flocked to NagaWorld Hotel over the weekend where the country’s biggest property show, Realestate.com.kh EXPO 2019, was held.
The high-profile event is a series of real estate exhibitions organised by the country’s leading property search platform, Realestate.com.kh. The show was once again the country’s top real estate event of the year, according to Tom O’Sullivan, CEO of Realestate.com.kh.
“This is another milestone moment for our company and the team at Realestate.com.kh,” Mr. O’Sullivan said.
Our latest event, the Realestate.com.kh Expo 2019 was our most successful property sales event yet.
“We are still totalling final numbers but we have certainly doubled attendees compared with last year and broke the record of $30 million in property sales.
“Our primary data shows we appear to be well over $40 million in property sales so far.”
The Cambodia Realestate.com.kh Expo 2019 was well-organised and named the biggest gathering of industry experts, developers, agents, financiers, legal experts, local and international investors and homebuyers to date, according to the event’s participants and speakers.
It brought together more than 20 real estate and legal experts to talk about real estate-related topics and the industry’s current trends. To name a few: Cambodian real estate mogul Okhna Sear Rithy, Chairman of Worldbridge Group, who gave the opening remarks, Oknha Cheng Kheng, chairman and CEO of CPL Cambodia, Ms Catherine Chan, executive director of Urban Village and Mr Li Min, CEO of Prince Real Estate Group.
The claim was also echoed by Mr. Marc Townsend, chairman of CBRE Cambodia and one of the guest speakers at the seminar. He said the event was “well-attended, well-organised and CBRE Cambodia will be back next year”.
Catherine Chan, executive director of Urban Village, one of the exhibitors at the Cambodia Realestate.com.kh Expo 2019, said the event was good and crowded. She added that the event helped raise branding awareness for her Urban Village project and the company will participate in the next expo.
One of the standout exhibitors this year was Prince Huan Yu Real Estate (Cambodia) Group, which closed more than 70 deals worth more than a whopping $15 million, said the company’s planning manager, Mr Li Yan Jin.
Prince Huan Yu Real Estate in total sold 48 units of office space of Prince Huan Yu Centre in Phnom Penh and 24 condo units of Prince Golden Bay in Sihanoukville.
On top of that, the company received 168 leads, 68 of which were Cambodians, Mr Yan Jin added.
Another well-performing exhibitor was Morgan Group, which sold 50 condo units of its riverfront condominium Morgan EnMaison. According to the group’s planning manager, Mr Yao Chao, 17 of the 50 units were purchased by Cambodians and the total closed deals were worth about $7.5 million.
Urban Village is another project that performed really well at the expo. The company sold 10 units on spot and closed 100 more deals in the past week which are worth $10 million in total, Ms Chatherine said.
Toul Kork Lane had also closed two deals amounting to nearly $130,000.
Phan Soumy is a content [email protected]