Just last week Realestate.com.kh announced the return of the famous online property sale event that it first held in 2020 as a vehicle to allow developers, agents, and property seekers to secure property at a great price and transact - 100% online, despite the ongoing pandemic. The inaugural online event generated over 110 reservations and over $40 million in total property value booked during the event.
Initially, the 2021 Online Flash Sale was slated to run across 4 days, however, it has now been revealed that the event will span from May 6 right through to the finale on June 6. Here is all you need to know!
Realestate.com.kh Online Flash Sale:
- May 6 - First announcement of properties participating in the event & buyers can start to pre-register their interest in properties and projects & start speaking to developers and arranging online viewings
- May 6 - June 1 - New properties will be released on the event website weekly
- June 2 - Online property seminars from developers, agents, lawyers, tax consultants & more
- June 3 - June 6 - Discounts publicly available, 4 days only
- 100% free registration & property seminars
- $200 Fully refundable reservation fee during the final 4 days to reserve the discounted price
Tom O’Sullivan, CEO of Realestate.com.kh said “We ran the online event last year for just 4 hours, which generated sales beyond our expectation, however, we still had over 1000 property seekers on the event website when we closed it down last time, so we knew this time we had to run it for longer”
Over the first two weeks of marketing Realestate.com.kh registered over 500 people to the event from both local property seekers and international investors that are all looking for a great deal, and to take advantage of what is otherwise a difficult time to generate wealth, conduct business and travel.
“We have over 500 registrations already, so running the event over 4 days would be successful, but the consistent feedback from registrations was that due to it now being even harder to visit showrooms and move around the country - buyers really wanted more time to register their interest for projects and be given more time to speak to agents & developers, arrange online property tours and understand the property as much as they possibly could (online) before making a buying decision.
Although there was a restriction in movement in 2020 when we ran the first online event - buyers were still able to visit showrooms freely to complete their purchase and make down payments, after they had made the reservation fee online. By allowing property seekers a chance to register their interest for a month leading up to the 4 days ” O’Sullivan went on to say.
The event now runs for a total of one month from the 6th of May to the 6th of June, giving potential buyers and investors more time to connect with agents/developers and understand the property more before they make a buying decision. This also gives agents and developers more of an opportunity to sell property online during what is otherwise a difficult time to sell property and profit during COVID-19 restrictions.