Ctg real estate fair logs Tk 108cr sales, bookings

Bookings and sales worth Tk 108 crore were recorded at a four-day housing fair ending in Chattogram city yesterday, much less than the Tk 238 crore secured in its last edition, apparently indicating an effect of the ongoing economic crisis.

The Real Estate and Housing Association of Bangladesh (REHAB) organised the "REHAB Chattogram Fair 2023" at Radisson Blu Chattogram Bay View.

Over 100 flats and commercial spaces and some 10 plots were booked, although the target was Tk 150 crore, REHAB Chattogram Regional Committee Chairman Md Abdul Kauiam Chowdhury informed The Daily Star.

The country's real estate sector is passing through a crisis due to an exorbitant hike in the price of construction materials for the Russia-Ukraine war, he said.

Around 10,500 people had visited, which was unexpected amidst the ongoing economic downturn and the fair's offers will remain valid for the next seven days, he added.