Real estate sector fetches over K27.8 bln in three months

Over 730 units of apartment were sold at a property expo which earned over K27.8 billion in early 2020.  Photo: Supplied
Over 730 units of apartment were sold at a property expo which earned over K27.8 billion in early 2020.  Photo: Supplied

Over 730 units of apartment were sold at a property expo which earned over K27.8 billion in three months in 2020, according to the report of the iMyanmarHouse.com.
A leading Myanmar real estate website has successfully hosted two expos and 26 private property expos in three months from January to March. At these expos, more than 730 units of real estate were sold for K27.8 billion (over US$19 million).
Out of two, one took place in Singapore while the remaining one was hosted at Pullman Hotel in Yangon in cooperation with AGD bank. The 26 private properties expo were held at hotels and other project location places.
“The year 2020 is one of the good years for iMyanmarHouse.com. The sale of the property has increased over 60 per cent in three months in 2020 compared to 2019. After three months in 2020, the coronavirus started to break out in Myanmar and the real estate expos had to be suspended. However, iMyanmarHouse.com is still providing its service through online. iMyanmarHouse.com wants to stand as a good platform in any situation in Myanmar’s real estate sector,” said Managing Director U Nay Min Thu of iMyanmarHouse.com.
“In this situation, iMyanmarHouse.com launched the first online property expo for the convenience of those people who wish to sell or buy houses, apartments and land. Those who are interested in real estate are able to see through online without having the need to go outside. The property was sold within two hours via online. Also, the plots of land are sold with promotion, and they were sold out within a week. So, iMyanmarHouse.com is encouraging the developers to conduct more promotion events, he added.
Moreover, iMyanmarHouse.com is planning to provide better services in the aftermath of coronavirus pandemic, he stated. (Translated by Hay Mar)

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