cellcard cellcard

Home and lifestyle expo coming in April

Chhut Bunthoeun / Khmer Times Share:
Thomas O’Sullivan, chief executive officer of Realestate, who was speaking during a news conference yesterday. KT/Siv Channa

A leading real estate portal firm, Realestate.com.kh, is to hold its second home and lifestyle expo at the Koh Pich Exhibition Center from  April 24 to 25.

Targeting Cambodia’s middle to affluent class and expats, the event will showcase some of the best deals in real estate, vehicles and other retail products. More than 100 exhibitors are already on board, offering properties and homes to suit every budget. These include Japanese residential developer Creed Group Cambodia which boasts a portfolio of high-end condominiums and luxury housing projects as well as Borey The Flora, a real estate company selling both affordable housing and high-end, with prices reaching $70,000 per unit.

Thomas O’Sullivan, chief executive officer of Realestate.com.kh, said that several educational workshops held over the two days will offer plenty of practical advice to potential buyers and especially the potential pitfalls that first-time buyers should be aware of.

“The exhibition will give both local and international attendees an in-depth overview of what Cambodia has to offer, not only in housing but also in lifestyle,” he added.

O’Sullivan also highlighted that the exhibition will play a major role in creating a transparent, investable market in Cambodia while ensuring property seekers are making an informed decision before deciding on their purchase.

Last year, a whopping $30 million in sales was generated by more than 20,000 people signing on the dotted line to buy real estate.

There is some concern that these figures may dip with fears around the global COVID-19 outbreak, keeping potential buyers away.

In a bid to mitigate this, Realestate.com.kh will offer surgical face masks, alcohol gel and run temperature screenings before visitors are allowed to enter.

“We are confident the Home & Lifestyle Expo 2020 will once again be the country’s biggest property and lifestyle event of the year with even more exhibitors, visitors and sales than ever before,” said O’Sullivan.

Elsewhere, Chrek Soknim, president of the Cambodian Valuers and Estate Agent Association, spoke about the bigger picture in terms of the effect the Coronavirus issue will have on the property-selling market.

“The outbreak is an external factor and I believe that the situation will soon recover.

And, of course, it will have little impact on the rental segment of the real estate market,” he insisted.

The trade show is open from 10am to 7pm on both days.

Previous Article

Macau casino takings plunge record 88pct after virus closures

Next Article

Billion-dollar highway to Sihanoukville 20pct ready