Real estate-based bookings and sales worth Tk108 crore were recorded at a four-day housing fair in Chittagong that ended on Sunday, organized by the Real Estate and Housing Association of Bangladesh (Rehab) titled "Rehab Chittagong Fair 2023" at Radisson Blu Chattogram Bay View.
However, the figure was far less than last year's edition, where it was recorded at Tk238 crore.
Over 100 flats and commercial spaces and some 10 plots were booked, although the target was Tk150 crore, said Rehab's Chittagong regional committee chairman Md Abdul Kauiam Chowdhury.
“Bangladesh's real estate sector is going 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 visited, which was unexpected amidst the ongoing economic downturn and the fair's offers will remain valid for the next seven days, he added.
