58 cos to take part in NY, Florida REHAB fairs
Monday, 13 October 2008
FE Report
A total of 58 companies are expected to take part in this year's 'REHAB Housing Fair' to be held in New York and Florida of the United States later this month.
Real Estate and Housing Association of Bangladesh (REHAB)- the sole trade organisation of real estate developers in the country, is organising the events targeting the potential buyers among the large number of Bangladeshi expatriates who are eager to explore the real estates market in the native country, REHAB president Tanveerul Haque Probal told at a press conference at the National Press Club Sunday.
The New York fair, which will see its fifth consecutive holding this year since the maiden inception in 2004, will take place from October 18 to 20 at the Hilton Hotel of the New York city. Consul General of Bangladesh in New York Md Shamsul Haque is expected to inaugurate the event as the chief guest.
However, venturing out of the 'Big Apple' for the first time within the US, REHAB's Florida event will be kicked off at the Miami Convention Center on October 24, and will be held until October 26. It will host 30 companies.
"Noting the significant presence of Bangladeshi communities in Florida, we find it logical to organise a similar event in this particular US state this year," the REHAB president said.
"Given the prevailing economic depression in the US, we are expecting many of the Bangladeshi expatriates now to be more interested in investing in Bangladesh. And from that point of view this fair could be a wonderful occasion for both sides," Tanveerul observed.
However, blaming the high ambition of the landowners and lack of collaboration among the service providing organisations, the REHAB president also expressed his concern over the price hike of building materials and the lengthy process in approving the designs by the authorities concerned.
"Although the price of rod has seen a decrease in recent times, price of brick, cement and other building materials are still significantly higher," he added.
Terming the overseas events as success over the years, "While there has been a downturn in the amount of sales in last year's exhibition, we are expecting it to be higher than that this time," he asserted.
A total of 45 companies participated in last year's New York event, generating a total direct sale of Tk. 350 million and receiving a of another Tk. 1.1 billion, This is a significant reduction from 2006 when the total direct sales alone from the fair amounted to Tk. 1.1 billion.
The three-day long New York fair will be open to all from 2.0pm to 10pm on its opening day after being inaugurated at 10am would run from 11am to 10pm on the following days. The Florida event, on the other hand, will be open from 1.0pm to 10pm on its inaugural day and from 11am to 10pm on the next two days.
REHAB has been organising housing and real estate fairs in the country and abroad since 2001.
Since 2004, it has arranged a total of seven fairs in various overseas cities including New York, London, Dubai and Rome.
A total of 58 companies are expected to take part in this year's 'REHAB Housing Fair' to be held in New York and Florida of the United States later this month.
Real Estate and Housing Association of Bangladesh (REHAB)- the sole trade organisation of real estate developers in the country, is organising the events targeting the potential buyers among the large number of Bangladeshi expatriates who are eager to explore the real estates market in the native country, REHAB president Tanveerul Haque Probal told at a press conference at the National Press Club Sunday.
The New York fair, which will see its fifth consecutive holding this year since the maiden inception in 2004, will take place from October 18 to 20 at the Hilton Hotel of the New York city. Consul General of Bangladesh in New York Md Shamsul Haque is expected to inaugurate the event as the chief guest.
However, venturing out of the 'Big Apple' for the first time within the US, REHAB's Florida event will be kicked off at the Miami Convention Center on October 24, and will be held until October 26. It will host 30 companies.
"Noting the significant presence of Bangladeshi communities in Florida, we find it logical to organise a similar event in this particular US state this year," the REHAB president said.
"Given the prevailing economic depression in the US, we are expecting many of the Bangladeshi expatriates now to be more interested in investing in Bangladesh. And from that point of view this fair could be a wonderful occasion for both sides," Tanveerul observed.
However, blaming the high ambition of the landowners and lack of collaboration among the service providing organisations, the REHAB president also expressed his concern over the price hike of building materials and the lengthy process in approving the designs by the authorities concerned.
"Although the price of rod has seen a decrease in recent times, price of brick, cement and other building materials are still significantly higher," he added.
Terming the overseas events as success over the years, "While there has been a downturn in the amount of sales in last year's exhibition, we are expecting it to be higher than that this time," he asserted.
A total of 45 companies participated in last year's New York event, generating a total direct sale of Tk. 350 million and receiving a of another Tk. 1.1 billion, This is a significant reduction from 2006 when the total direct sales alone from the fair amounted to Tk. 1.1 billion.
The three-day long New York fair will be open to all from 2.0pm to 10pm on its opening day after being inaugurated at 10am would run from 11am to 10pm on the following days. The Florida event, on the other hand, will be open from 1.0pm to 10pm on its inaugural day and from 11am to 10pm on the next two days.
REHAB has been organising housing and real estate fairs in the country and abroad since 2001.
Since 2004, it has arranged a total of seven fairs in various overseas cities including New York, London, Dubai and Rome.