Yangon housing show attracts few buyers
The three-day, high-class housing show, which started on May 1 at the Tatmadaw Exhibition Hall in Yangon, attracted more window-shoppers than buyers on its first day.
"For the time being, there are more window-shoppers. There is still no one who made a buy. But visitors showed interest. Ker has already sold half of the apartments from its housing project. We will offer discounts according to apartment types at the show. Our price per square foot starts at around Ks370,000," said an official from Ker Housing and Condominium booth.
A visitor said the show had few booths selling affordable housing.
"Our company is in South Okkalapa Township. Our booth here sold three normal flats and three condominium flats. More visitors want to see normal flats. We sold a ground-floor flat priced Ks60 million," said an employee from NHM Construction Company.
More than 40 companies took part in the show which also exhibits office rooms, shops, decoration and furniture.
"We have promotion plans such as the one that will sell flats under a 30-month instalment payment scheme. We have construction projects in South Okkalapa, Hlaing, Thaketa and Dawbon townships," said Nyan Htet Aung, managing director from Khitme Construction Company.
