Friday, November 21, 2008
First Real Estate Expo will be held in Cambodia starting from today on 21 to 23 November. This event is organized by Whale Group Co., Ltd.
" Real Estate Expo is a new and relevant response to the country current property development. The one-stop exhibition expects to welcome 40,000 real estate cosumers. It is a "must see" event for all the real estate industry " according to Whale Event Management's website .
The question is that does this event would really help to boost the real estate sector in Cambodia, which is also now being impacted by Global Financial Crisis. As well, there is a real estate selling slowdown in many places. Some of many housing developers are suffering from lack of funds to continue to their construction projects and many sales were cancelled by the buyers.
Some real estate businessmen from Sihanoukville revealed recently that if this situation of non buying/selling transaction keep continuing for other 3 or 6 months, there will be a big crash, huge drop in properties price, many lossers etc...