Lamudi Bangladesh's - Property now issue #10

July 2018 | Issue #10

C E L E B R AT I O N

06

5 Years of Lamudi Bangladesh

A journey of a thousand mile begins with a single step and on October 2013, Rocket Internet took such a step with

Lamudi; the global property portal focused exclusively on emerging markets. One of the fastest growing online portals for third party real estate transaction, Lamudi was the EHJLQQLQJ RI D JUHDWHU MRXUQH\ LQ WKH PDUNHWV LW Č´UVW stepped foot in, particularly Bangladesh.

10

Last 5 Years of Real Estate in Bangladesh The real estate sector of Bangladesh continues to be a

plethora of industrial powerhouse, comprising of some of the biggest players in the country. A market of tangible

value, the real estate sector continues to slowly grow strong through inconsistent socio-economic situations.

16

Well Wishes

22

Lamudi celebrates 5 years of success in Bangladesh Under the open sky, complimented by the gleaming sun light escaping through the shady clouds above the

spectacular Birds Eye Roof-Top Restaurant in Dhaka city ...

24

Rise of the Tigresses: Importance of the History-Making win Glory is the grail a nation yearns for when people come

WRJHWKHU LQ VXSSRUW RI WKH PHQ DQG ZRPHQ Č´JKWLQJ WR EULQJ it home. It is an elevation that lifts the spirits of an entire country and propels it forward towards a united front. The...

28

Bijoy Rakeen City: A world class city in the heart of Dhaka

0LUSXU LV GHYHORSLQJ $QG SHUKDSV %LMR\ 5DNHHQ &LW\ LV WKH PLUURU RI WKLV GHYHORSPHQW 7KH Č´UVW RI LWV kind in Bangladesh, Bijoy Rakeen City is a 50 bigha condominium project promising you every world-class feature and facility for health and happiness.

32

Historic Celebrations of Bangladesh

$ IRUPDWLRQ RI FXOWXUHV ZKLFK LV URRWHG LQ WKH Č´EHUV RI KLVWRU\ %DQJODGHVK LV D UHČľHFWLRQ RI WKH WUXH HVVHQFH RI PXOWLFXOWXUDOism. A country, whose very architecture is the result of years and years of a cultural melting pot, Bangladesh has a lot to celebrate when it comes to embracing its roots.

34

Seeking Safety with SEEMO

Bangladesh’s drastic technological advances and economic progress over the years are incomparable since independence. With a 6% economic growth in the last decade, Bangladesh has established ...

26

The Sky Is Never The Limit: Celebrating the launch of “Bangabandhu Satelite - 1�

$W DP ORFDO WLPH SP ('7 WKH FRXQWU\ȇV ȴUVW ever geostationary communications satellite was ...

40

Ghuri Utshab – Celebrating Shakrain

The Southern part of Dhaka is known to uphold its GLYHUVLČ´HG HQULFKHG FXOWXUH DQG WUDGLWLRQV HYHQ DIWHU DOO this time. Bangladesh is known for its primitive, multicultural DVSHFWV ZKHUH SHRSOH IURP GLÎ?HUHQW JURXSV UHMRLFH together, regardless of their individual practices. Shakrain happens to be one of them and truthfully, this deeply rooted tradition has been taking place since the Mughal period.

Š Farhana Haque

July: a month of celebrations and winners.

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06 / Property Now 10

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journey of a thousand mile begins with a single step and on October 2013, Rocket Internet took such a step with Lamudi; the global property portal focused exclusively on emerging markets. One of the fastest growing online portals for third party real estate transaction, Lamudi was the beginning of a greater journey in the markets it Č´UVW VWHSSHG IRRW LQ SDUWLFXODUO\ LQ Bangladesh.

Operating in over 33 countries across Asia, Middle East, Africa and Latin America, the global property listing has become one of the prominent tech startups in the world. During its conception, Lamudi’s sole intention was to tap into the emerging real estate markets, particularly Asia. The diverse cast of market to customer ratio made Asia a fruitful choice when it came to operations. Thus, Bangladesh was a prospective market for growth, where the usage of mobile internet services was growing gradually and had not been tapped into by services like Lamudi.

An echo of its past shell, Dhaka was facing rapid urbanization, with a JURZLQJ LQČľX[ RI SHRSOH ČľRZLQJ LQ WR the capital suburbia. To address the issue of (rising) housing demand, the charge of Lamudi Bangladesh was

given to David Zwagemaker, who took responsibility of the real estate portal in 2014.

David Zwagemaker

Zwagemaker was faced with a challenge of building the concept of Lamudi in the market that was not yet fully acquainted with the potential reach of online portals. Fueled by the prospect of potential growth, the then Managing Director set the company in motion on the road to become one of the leading market leaders within a year of its operations in the country.

Subsequently with starting its operations, Lamudi’s Global Managing Director, Kian Moini, announced they received $7 million for its Asian ventures, where a substantial amount of $1.6 million was reserved for the Bangladeshi market.

The company understood, by ensuring legitimatproperty listings, WKH\ FDQ SURČ´W RÎ? RI WKH improving economy and build customer loyalty During this time, Lamudi worked closely with REHAB and RAJUK to bridge the gap between buyers and sellers. Lamudi made great emphasis on ensuring the online marketplace was not riddled with scams that take advantage of its buyers. The company understood, by ensuring legitimate SURSHUW\ OLVWLQJV WKH\ FDQ SURČ´W RÎ? RI the improving economy and build customer loyalty. Lamudi as a result, LQ LWV Č´UVW \HDUV RI RSHUDWLRQ PDGH sure to invest in making changes and development on branding the company.

David Zwagemaker left his post during the expansion stage of the startup, and he was replaced by Rajesh Grover.

Grover had founded many technological and education startups, while at the same time working for leading Fast Moving Consumer Goods (FMCG) and PXOWLQDWLRQDO Č´UPV 8QGHU KLV KHOP /DPXGL WRRN QHZ VWHSV LQ HÉ?FLHQF\ and with that ensured Lamudi to grow

07 / Property Now 10

Wherever possible, with the data at hand, we want to enable developers to match supply with demand, and empower the consumer to make well-informed decisions.

to the number one position in online real estate in the country. With GLÎ?HUHQW QHZ VHUYLFHV ODXQFKHG /DPXGLȇV URRWV ZHUH VHDOHG GHHSHU LQWR the ground. ΖQ 0D\ /DPXGL ODXQFKHG WKH Č´UVW LVVXH RI WKHLU 3URSHUW\ 1RZ 0DJD]LQH DORQJ ZLWK WKH 'LDO IRU +RPH VHUYLFH DOORZLQJ SRWHQWLDO EX\HUV WR EH LQ GLUHFW FRQWDFW ZLWK WKH SURSULHWRUV DJHQWV ODQGORUGV DQG GHYHORSHUV 5DMHVK *URYHUȇV FKDUJH RI /DPXGL ZDV DLGHG E\ D JHQWOH VWDELOL]DWLRQ RI WKH UHDO HVWDWH VHFWRU LQ %DQJODGHVK +H NHSW WKH EDOO UROOLQJ DV WKH XVH RI LQWHUQHW SLFNHG XS IDVW +H VSHFLČ´HG WKDW ČŠ3HRSOH DUH spending more and more time on the LQWHUQHW DQG DV D UHVXOW DOO NLQGV RI WUDQVDFWLRQV DUH EHLQJ GRQH RYHU WKDW medium.â€? $W WKH HQG RI Anne Maria Hermans FDPH ZLWK WKH LQWHQW RI UH GHČ´QLQJ /DPXGL WR WKH FRXQWU\ ΖQ WKDW \HDU /DPXGL JOREDOO\ UDLVHG LQYHVWPHQW RI RYHU PLOOLRQ GROODUV and used this money for a full platform UH GHYHORSPHQW 6LQFH KHU WDNHRYHU 0UV +HUPDQV SXW the emphasis on data collection for a EHWWHU LQWHJUDWLRQ RI WKH EX\HU WR VHOOHU PDWFK PDNLQJ 2YHU WKH \HDUV /DPXGL KDV FROOHFWHG D YDVW DPRXQW RI GDWD ZKLFK JLYHV WKH SRUWDO D XQLTXH SRVLWLRQ LQ WKH PDUNHW $V D UHVXOW /DPXGL KDV HYROYHG PRUH DV DQ LQIRUPDWLRQ SURYLGHU EH\RQG MXVW EHLQJ D IDFLOLWDWRU ZKLFK LQ %DQJODGHVK LV YLWDO $W SUHVHQW /DPXGL QRW RQO\ VHHV LWVHOI DV SDUW RI WKH UHDO HVWDWH VHFWRU LQ %DQJODGHVK EXW DOVR UHVSRQVLEOH IRU

WKH LQGXVWU\ DV D ZKROH WR H[FHO ΖQ DQ LQWHUYLHZ ZLWK ΖFH %XVLQHVV 7LPHV $QQH 0DULD +HUPDQV VWDWHG WKDW Ȋ:KHUHYHU SRVVLEOH ZLWK WKH GDWD DW KDQG ZH ZDQW WR HQDEOH GHYHORSHUV WR PDWFK VXSSO\ ZLWK GHPDQG DQG HPSRZHU WKH FRQVXPHU WR PDNH ZHOO LQIRUPHG GHFLVLRQV ȋ ΖUUHVSHFWLYH RI WKH JURZWK WKH RQOLQH real estate portal has seen its fair VKDUH RI URDGEORFNV LQ %DQJODGHVK $FFRUGLQJ WR 0UV +HUPDQV GHVSLWH being in the industry for a number RI \HDUV QRZ WKH SURSHUW\ PDUNHW KDV VHHQ WKH VHFWRU ȾRDW WKURXJK VWDJQDQF\ 'HYHORSHUV VWLOO KDYH a limited budget for online PDUNHWLQJ EXW VKH GRHV UHPDUN WKDW WKLV LV VORZO\ FKDQJLQJ $V RI SUHVHQW /DPXGL LV VWURQJHU WKDQ HYHU DQG ZLWK WKH PDUNHW EDFN RQ LWV IHHW $QQH 0DULD +HUPDQV EHOLHYHV WKDW DQG ZLOO EH NH\ \HDUV IRU real estate in Bangladesh.

7R WKDQN QRW MXVW WKH VHFWRU EXW DOVR LWV FRQVXPHUV IRU WKHLU WK DQQLYHUVDU\ LQ %DQJODGHVK /DPXGL KDV NLFNHG RI D VSHFLDO FRXQWU\ ZLGH FDPSDLJQ Ȋ$PDU 6KRKRU $PDU *RUERȋ ΖQ GLYHUVH PHGLD 0UV +HUPDQV VWDWHG ȊLW LV WLPH WR SXW %DQJODGHVK YLVXDOO\ RQ WKH PDS RI WKH ZRUOGȋ :H DUH VR humbled and happy to be able to RSHUDWH LQ WKLV FRXQWU\ KRZHYHU ZH VRPHWLPHV IHHO WKDW WKH TXLUN\ EHDXW\ RI %DQJODGHVK LV QRW \HW YLVLEOH RQOLQH IRU WKH ZRUOG WR VHH

Anne Maria Hermans

We are so humbled and happy to operate in this country ---- Anne Hermans

08 / Property Now 10

We think that for instance the Google results could be so much more informative and exciting than they are now. With this campaign, we invite everyone to show Bangladesh’s unique, edgy and special character, and show the world this country’s pride.”

Every image that is created will be tagged by its respective neighborhood, city, and the country so that whenever VRPHRQH ZRXOG OLNH WR ȴQG PRUH information online, these images will give a real and vivid representation.

Lamudi aims to do the campaign for a full year, to highlight the seasons that UHȵHFW D ULFK DQG YLEUDQW %DQJODGHVK On the website, www.AmarShohorAmarGorbo.com the selected photos will be visible for everyone to see.

Anne Maria Hermans is looking forward to an exciting second half of the year, and thankful for the chances the company has had to succeed in the real estate sector. “We can only succeed when we have the opportunity to closely collaborate with the sector. My aim for the upcoming years is to expand our knowledge of the market even further, so we can support of our stakeholders, and together make the industry bloom.”

10 / Property Now

THROUGH THE LOOKING GLASS

THE LAST 5 YEARS OF REAL ESTATE IN BANGLADESH

T

The real estate sector of Bangladesh continues to be a plethora of industrial powerhouse, comprising some of the biggest players in the country. A market of tangible value, the real estate sector continues to slowly grow strong through inconsistent socio-economic situations.

First conceived during the 70’s, this sector has bloomed into a powerful contributor to the job market and in retrospect; the economy. From the UHJLVWHUHG ȴUPV WKDW ELUWKHG WKLV industry then, the country’s real estate scenario has since, come a long way by leading from the front, especially over the last 5 years.

Nevertheless, this sector has gone through a wave of highs and lows

ZKLFK KDYH D΍HFWHG ERWK GHYHORSers and buyers alike. A collection of statistical data from innumerable bureaus in Bangladesh over the past number of years show the country’s real estate platform was more or less stagnant from during 2012 through to 2014, with the average price of land per square meter in Dhaka as high as in 2013 at BDT 2, 77,397.549. Due to political and

economic instability, incorrect pricing of property and the JRYHUQPHQWȇV LQGL΍HUHQFH WRZDUGV providing gas connections to new buildings, the market saw buyers become discouraged from investing in what is universally FRQVLGHUHG D ȴ[HG UHYHQXH earning stream.

11 / Property Now The following year did not see PXFK GL΍HUHQFH LQ WKH UHDO HVWDWH sector of Bangladesh. According to REHAB, 2013 recorded a 60% price drop in sales from the previous year. This was largely due to political instability and high interest rates on loans. 2013 also saw a decline of 75% in new-project-registrations by developers in contrast to 2012. It was reported that despite the drop in sales, apartment prices for the year did not FRPH GRZQ WR DQ D΍RUGDEOH ]RQH for middle or low income groups to avail. Industry experts claimed that a slow recovery was to be expected, as the real estate sector is a big one in the country.

meet the necessary demands, the Housing and Publics Works Minister assured an incentive package to help boost and

ECONOMY

balance the sector out. According to surveys for 2015, Dhaka had experienced growth at an

HOUSE LOAN

MARKET GROWTH

2014 was the year in which Bangladesh began to experience a rise in its population growth rate.

Carrying the shadow of the past two years in a row, Bangladesh’s real estate was showing no signs of improvement. During this period, the country experienced a rise in WKH LQȵX[ RI PLJUDQWV LQWR WKH capital. Not being able to

HOUSE PRICE

GOVERNMENT

12 / Property Now

2013

12,000TK

2014

2015

2016

HOUSE PRICES PER SQUARE FEET

2017

8,000TK

15%

13% 10%

INTEREST RATE ON HOUSING LOANS OVER LAST FIVE YEARS unprecedented rate, accommodating over 600,000 people per year. That meant more than 120,000 household units were required to house the added population in this city.

It was in 2015 however, after correction of property pricing and alteration of interest which saw a favorable drop in in the rates IURP EX\HUV EHJDQ WR ČľRDW back into the market again looking to invest. Additional data saw as early as of the beginning of this year, 19% of foreign remittance received by the EHQHČ´FLDULHV LQ WKH FRXQWU\ ZHUH poured into real estate

investment schemes. That meant more than 120,000 household units were required to house the added population in this city.This came as no surprise, since the real estate market saw some turbulent times due to instability in various economic factors within the country, which resulted in small real estate companies shutting down due to the losses LQFXUUHG ZKHQ WKH SULFHV RI ČľDWV decreased by 10% to 30%. Big developers, wanting to retain customer loyalty took advantage of that, aided by the slash in interest rates on home loans by privatized banks. This resulted in DERXW XQVROG ČľDWV LQ

being diminished to 8,000 only.

Real Estate buyers began to understand the high tangible value of the asset and the revenue stream it will bring.

Within that time, Bangladesh had continued to grow and earned recognition as one of the fastest growing economies in South Asia, coming 4th in 2015. As real estate is a major factor in contributing to the Bangladesh economy, despite the ups and downs the sector faced during that time, they continued to pump and help grow the economy.

13 / Property Now 'HVSLWH WKH VORZ UHFRYHU\ LW ZDV ZKLFK ZDV D IUXLWIXO \HDU IRU WKH UHDO HVWDWH VHFWRU RI %DQJODGHVK )ROORZLQJ WKH VODVK LQ SULFHV RI LQWHUHVW UDWHV DQG D ULVH LQ WKH DYHUDJH KRXVHKROG income, the market saw home ORDQ DYDLODELOLW\ EHFRPH PRUH IDYRUDEOH $V D UHVXOW WKH UHDO estate sector saw a surge in GHPDQG VRRQ DIWHU +RZHYHU ZKDW WKH VHFWRU DOVR H[SHULHQFHG ZDV D FDVH RI &URVV %RUGHU )XQG 0RYHPHQW $V SHU D SDUW RI WKHLU ΖQYHVWPHQW 'LYHUVLȴFDWLRQ 6WUDWHJ\ ZHDOWK\ FLWL]HQV VORZO\

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.com .bd

GREEN FIELD DEVELOPMENTS

TASPIA• PROPERTIES• T L D.

16 / Property Now 10

On this blissful occasion of Lamudi’s 5th year anniversary, I, on behalf of Concord Group of Companies, wish

them a very Happy Anniversary. Presently Lamudi is one of the most trusted and reliable online property finder in Bangladesh. As a real estate professional and as well as a stakeholder & partner of Lamudi, I have closely observed their activities over the years. From the beginning of their journey till now, they have become a trustworthy platform both for buyers and sellers in a very professional manner. Their management style, skilled workforce, wide range of inventory differentiates them from other similar companies operating in Bangladesh. Another strength of Lamudi is their extremely user friendly website which smoothly guides a prospective buyer or tenant to choose the most suitable property within his or her budget. I wish, Lamudi may enrich our real estate sector by continuing their marvelous journey of success with joy, happiness and pride.

Tanvir Alam Khan $*0 &RUSRUDWH $Î?DLUV

Concord Group of Companies

Tremendous work has been done under Lamudi’s presence.

Eagerly awaiting for more continuous success. We congratulate your company on an exceptional 5th Year Anniversary!

BTI Technology Ltd

It is our immense pleasure to say “Congratulation� on the 5th Anniversary of Lamudi. We wish your worth full future to transform Lamudi very vividly.

Great work has been done under Lamudi’s presence.

You have built something great. Congratulations Lamudi Bangladesh on your 5th year of anniversary. Eagerly looking forward to the 6th and the many more to come.

Hoping this continues forever. We wish your company a very special 5th Year Anniversary. Best of Luck !

GM Holdings

Congratulations on a successful 5 years journey. Eagerly waiting for the 6th anniversary and many more which follows.

Md Rafiqul Islam 'HSXW\ *HQHUDO 0DQDJHU 6DOHV

Dominant Group

Anwar Landmark

Manama

Lamudi is the bridge which holds the market together.

We wish your company a very Happy Congratulations on completing another successful year in the industry"

Masrur Nawaz Waiz 0DQDJLQJ 'LUHFWRU

ARK Builders Limited

17 / Property Now 10

On It is a pleasure for us to congratulate all the members of Lamudi, who have successfully established the

largest online real estate marketplace in Bangladesh as you celebrate your fifth anniversary.

The distinguished approach of Lamudi has been a great help for many real estate organizations like us to achieve their basic goal. You’ve added a new and useful marketing channel in the list of Bangladeshi real estate marketers.

And you have developed an excellent platform to showcase real estate products through which actual real estate seekers have also been benefited because they can rely on Lamudi.

We wish you all the success in your future endeavors.

Rakeen Development Company (BD) Ltd

From Assort Holdings Ltd., We wish Lamudi a heartfelt Congratulations on completing another Successful Year.

Best Wishes…!!

Assort Holdings Ltd

On behalf of Building For Future Ltd., warmest of greetings and and the best of wishes on completing another prosperous year in the industry.

Engr. Tanveerul Haque Probal Managing Director

Building for Future Ltd

Many Congratulations on your company’s anniversary.

Lamudi’s presence in the industry has been amicable in the most illuminating of ways. We are really happy with their services.

Pretty Homes Ltd

Lamudi has marked a signature with discernable qualities in Bangladesh real estate sector. We are pleased to experience a few of those abilities. They are palpable.

The excellent client service team warms up our liaison with élan. The portal runs fine. We get the promised services to reach out to the budding customers with ease.

We wish Team Lamudi great success stories in future.

Pratik Sengupta

Congratulations on Lamudi’s 5th Year Anniversary.

E-commerce industry is still yet to be properly utilised in Bangladesh. However, you, Lamudi have taken the risk and showed the way by being one of the leaders in tech-startups. All the best !!

City Bank

Congratulations

Lamudi Bangladesh ! All the best for the upcoming years !

IDLC Finance Limited

Brand Manager

InnStar Limited

We appreciate your contributions to our success the last 5 years of your journey.

Brac Bank Lamudi’s presence has been a shining example of guidance in the industry. Wishing you a hearty congratulation on your 5th year anniversary The Daily Star

Warm greetings and wishes on behalf of Richmond Developers Ltd. on completing another successful year in the industry.

Richmond

18 / Property Now 10

On

behalf of Seemo, we would like to thank Lamudi for their amazing support and outstanding service. We have received clear communication and full cooperation from them throughout. Their quick response and uncompromising dedication not only made them our favorite business partner but also ensured our full satisfaction in working with them. In addition, their high quality website attracts relevant customers which helped us grow as a business. For their wonderful service, cooperation and dedication towards customer satisfaction, Lamudi has earned our full satisfaction and we look forward to working with them in the long run.

Seemo

Our heartfelt Congratulations on completing another successful year in the industry.

Acme Technologies Ltd.

Great work is being done under Lamudi’s presence. On behalf of Ice Business Times, we wish Lamudi a very special 5th year anniversary.

All the best for your 5th Year Anniversary !

National Housing Finance & Investments Limited

ICE Magazine Today

20 / Property Now 10

6:00 am

I am in Berlin and the alarm wakes me up and I quickly check my phone to see if there is anything I have to put my attention to urgently. Today all seems well so I head to the gym.

9:30 pm

Ζ JHW RXW RI WKH RÉ?FH DQG meet my wife for dinner out, before gearing up for the next day!

7:30 am

I am back from my daily work-out and take a shower, get dressed and have a quick breakfast, ZKLOH VFDQQLQJ GLÎ?HUHQW morning newspapers and checking my e-mail. Then, I PDNH P\ ZD\ WR WKH RÉ?FH

8:30 am

Ζ KDYH P\ ȴUVW VN\SH call, with Mexico, where the local CEO is about to end his day. We discuss performance of the day and urgent issues. We discuss the schedule for next week when I will be there for meetings.

8:00 pm

24 hours

I scheduled in time to answer e-mails and plan for the day ahead. At the end of the week there will be a board meeting with all investors, and preparation is key. Just after the meeting I will be Čľ\LQJ RXW WR 0H[LFR WR ensure optimal performance of operations there.

with

7:00 pm

I have a group skype call with the head of operations in Africa and the Middle East, and discuss a new feature that soon will be launched on their platform.

11:00 am

After quick updates from the other countries in South America, I need to attend a meeting with our IT department, to see a presentation on the work of the past week. We test and discuss, and feedback will be implemented.

12:00 pm

The countries in Asia are in full swing. I have 2 hours of skype calls with WKH GLÎ?HUHQW FRPSDQLHV LQ the region to take updates and discuss challenges that they face. I have a TXLFN FRÎ?HH

6:00 pm

Kian Moini Global CEO Lamudi 3:30 pm 2:00 pm

For lunch I am meeting with one of our core investors, who has been with Lamudi from the start, and with whom I have built a friendly relationship over the course of these years. $Q LFRQ LQ KLV Č´HOG KH always comes with insightful recommendations to take the business to the next level.

I sit down with the head of marketing, who reports on the performance of WKH GLÎ?HUHQW FRXQWULHV IRU the past week. We tailor make our decisions week on week for optimal performance.

Strategy time. With all the countries operating under GLÎ?HUHQW HFRQRPLF circumstances, not all business models work the same way. Together with WKH KHDG RI Č´QDQFH product we decide the focus per country.

21 / Property Now 10

An Interview,

KIAN MOINI,

Global CEO Lamudi

The driving force behind 5 years of Lamudi

W

orking in over 30 emerging markets, having had the opportunity to visit many of these countries in recent months, I have noticed that the role of the Internet is changing. It is evident that across the emerging markets, an increasing number of people are switching online every year. The Internet revolution in emerging FRXQWULHV KDV EHHQ GL΍HUHQW IURP WKH digital wave that already swept the developed world. In fact, last year, the Chairman of Channels Television predicted that the level of Internet penetration in Africa would rise to 50 percent by 2025, increasing from 16 percent currently.

As the number of Internet users increases, consumers have greater access to information, products and services. For those working in the real estate industry, this means the focus since 2015 is to switch online and to mobile for marketing their properties and reaching the maximum number of potential customers.

For homebuyers, the growth of the Internet has made the house-hunting process more convenient and less time-consuming. Up to this day, many people drive around and look for the “for sale” signs outside available properties. The advantage of the Internet has enabled these house-hunters to search for properties from the comfort of their own home, narrowing down the search to only the real estate options that meet their personal requirements.

Working closely with sellers, developers and brokers, it has become clear to me WKDW WKH ΖQWHUQHW VLJQLȴFDQWO\ KHOSV them, particularly when it comes to cost. Advertising via online platforms

costs a fraction of traditional, print media. Instead of paying for a quarter or half page advert, which has a word and image limit, developers, brokers and sellers can promote their properties, including as much information as they like, and a number of images.

An added bonus of using the Internet is the ability to analyze how many people have clicked on a link, the number of email and telephone leads, and the percentage of call-back requests. This real-time feedback enables sellers, developers and brokers to see the performance of their listings and calculate the conversion rate, as well as return on investment.

Technology is developing at a rapid speed. As connectivity improves, and we see the emergence of 5G services, more emerging markets will see a VKLIW DZD\ IURP WUDGLWLRQDO RɞLQH house- hunting methods.

Having an online presence is now a must-have for real estate agents, developers and sellers, as the sector begins to acknowledge that the Internet is an integral part of the modernhousehunting process for emerging markets.

I am more than excited to have been part of this journey with Lamudi.

The success in the Philippines and Mexico is beyond expectations, and the strong position of Bangladesh, amongst other countries in Asia, and of course

the domination of Lamudi in Africa, have accounted for some very interesting years.

The future looks promising, Anne has done an amazing job and I congratulate her, and her team in Bangladesh with this unique milestone, and know that there will be successful for many years to come.

22 / Property Now

celebrates 5 years of success in Bangladesh

U

Under the open sky, complimented by the gleaming sun light escaping through the shady clouds above the spectacular Birds Eye Roof-Top Restaurant in Dhaka city, Lamudi Bangladesh held a unique event not many foreign companies take part LQ DQ DQQLYHUVDU\ ȵDWWHUHG E\ WKH launching of a social nationwide campaign, Amar Shohor, Amar Gorbo…

On Tuesday the 10th of July, Lamudi celebrated a milestone 5th year anniversary of operations in the real estate sector of Bangladesh. The anniversary was initiated with a press conference, covered by the

media from respected organizations. Though the agenda was to share an informative presentation on the last few years of real estate, the event was PDJQLȴHG ZLWK WKH launching of a campaign which was Lamudi’s way of sharing their joy with the rest of Bangladesh.

The Amar Shohor, Amar Gorbo (My City, My Pride) campaign is Lamudi’s brainchild way

in welcoming the people to share the unnoticed splendor of the cities with the country, including the world.

23 / Property Now 7KH ȴUVW SKDVH RI WKH SUHVV FRQIHUHQFH ZDV LQ UHJDUGV WR WKH ODVW \HDUV RI UHDO HVWDWH LQ WKH FRXQWU\ /DPXGL %DQJODGHVK &R IRXQGHU DQG 0DQDJLQJ 'LUHFWRU 0UV $QQH 0DULD +HUPDQV LQIRUPHG WKH SUHVV DERXW WKH VLWXDWLRQ DQG SUHIHUHQFHV RI WKH PDUNHW )ROORZLQJ WKH SUHVHQWDWLRQ 0UV +HUPDQV ODXQFKHG WKH FDPSDLJQ YLGHR DERXW WKH EHDXW\ RI WKH SHRSOH DQG WKH FLW\ WKH\ OLYHG LQ 7KH FDPSDLJQ QHFHVVLWDWHV WKH SHRSOH RI %DQJODGHVK WR JR XS WR WKHLU URRI WRSV DQG WDNH D VHOȴH ZLWK WKH YLHZ RI WKHLU FLW\VFDSH LQ WKH EDFNJURXQG %\ FDSWXULQJ WKH XQLTXH FKDUDFWHU RI WKH FLWLHV WKH\ OLYH LQ ZLWK D VHOȴH SLFWXUH DQG XSORDGLQJ LW RQ WKH ww.amarshohoramargorbo.com ZHEVLWH YLHZHUV ZLOO EH DEOH WR VHH DQG VKRZ %DQJODGHVKȇV VSHFLDO XUEDQ EHDXW\ 7KHVH SKRWRV DUH WR EH WDJJHG E\ FLW\ DUHD DQG VHDVRQ WR RSWLPL]H WKH SHUIRUPDQFH RQ *RRJOH DQG EH\RQG WR PDNH %DQJODGHVK YLVLEOH DOO RYHU WKH ZRUOG %XW LW ZDV WKH DSSHDUDQFH RI VRFLDO PHGLD FHOHEULWLHV WR JUDFH WKH ODXQFKLQJ ZKLFK ZDV WKH LFLQJ RQ WKH FDNH DW WKH ODXQFKLQJ 7KH %LUGȇV (\H 5RRI 7RS 5HVWDXUDQW ZDV EULPPLQJ ZLWK WKH FRORUV /DPXGL DLGHG E\ WKH SUHVHQFH RI

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24 / Property Now 10

Rise of the Tigresses: Importance of the History-Making Win

Glory

is the grail a nation yearns for when people come together in support of the men and women ȴJKWLQJ WR EULQJ LW KRPH ΖW LV DQ elevation that lifts the spirits of an entire country and propels it forward WRZDUGV D XQLWHG IURQW 7KH 7LJUHVVHV of Bangladesh coveted such a grail DQG IRXQG LW E\ EULQJLQJ WRJHWKHU DERXW PLOOLRQ SHRSOH WR D UHPDUNDEOH PRPHQW RI YLFWRU\ WKH FRXQWU\ȇV ȴUVW HYHU &XS LQ LWV FULFNHWLQJ KLVWRU\

activities and even make a career out RI LW :LQQLQJ WKH $VLD &XS 7RXUQDPHQW KDV ERRVWHG WKH UHSUHVHQWDtion of women in the sporting culture RI %DQJODGHVK

Achievements like this act as a catalyst for generating interest and JURZWK QRW MXVW IRU FULFNHW EXW RWKHU VSRUWLQJ VHFWRUV DV ZHOO <RXQJ JLUOV are more likely now, than ever, to

$FFRUGLQJ WR (VSQ&ULFÎ&#x2013;QIR È&#x2020;WKH OHYHO of interest amongst fans shot upâ&#x20AC;&#x2122; DIWHU %DQJODGHVK EHDW 3DNLVWDQ DQG Î&#x2013;QGLD HDUOLHU LQ WKH WRXUQDPHQW 6RFLDO PHGLD ZDV DEOD]H ZLWK VXSSRUW for the teamâ&#x20AC;&#x2122;s run of success in the JDPHV IROORZHG E\ WKH KLVWRULF ZLQ

participate in sporting events, LQVSLUHG E\ WKH FRXQWU\È&#x2021;V QHZHVW KHURHV 6ORZO\ EXW VXUHO\ LI WKH VXFFHVV NHHSV ȵRZLQJ LQ %DQJODGHVK ZLOO EH VHW WR VHH D VXUJH RI ULVLQJ stars, spanning across current and IXWXUH JHQHUDWLRQV

7KH VLJQLÈ´FDQFH RI WKH ZLQ KRZHYHU LV QRW LQ KRZ WKH $VLD &XS ZDV REWDLQHG EXW ZKDW LW UHSUHVHQWV IRU the future of the sport, the people DQG WKH HQWLUH QDWLRQ By securing a historic and maiden &XS ZLQ WKH :RPHQÈ&#x2021;V &ULFNHWLQJ 7HDP KDV RSHQHG GRRUV IRU SURJUHVVLYH JURZWK WKDW KDV EHHQ ORQJ overdue in cricket, particularly the VSRUWLQJ VHFWRU :RPHQ HPSRZHUment in the countryâ&#x20AC;&#x2122;s sporting VFHQDULR KDV EHHQ ODFNLQJ HVSHFLDOO\ when it comes to partakers who wish WR PDNH D FDUHHU LQ VSRUWV Î&#x2013;Q D PDOH dominated sector where the ratio of men to women in sports is higher, a win such as this could potentially motivate a younger generation of girls to participate in sporting

25 / Property Now 10

At present, women’s cricketing scenario is quite challenging in contrast to men due to a lack of funding, support and marginal training facilities. The current pay scale of the women players in the national team is BDT. 10,000 to 30,000 (USD 120 to 360) per month, which have gone unchanged for the past few years, since the salary strucWXUH FDPH WR H΍HFW LQ )RU domestic leagues, the payment scale is BDT.600 for every game. Such low LQVXɝFLHQW HDUQLQJV DUH KDUGO\ enough to make a proper living. This can be quite demotivating for aspiring women who wishes to make a

career in cricket, but cannot willingly do so as the pay scale is not favorable. Such a scenario is also an indicator for social discouragement towards a sporting career, further-more hurting the sector in the long run. However, this historic win has put things in perspective and changes are being made. Nizamuddin Chowdhury, the BCB chief executive has said that the Asia Cup performance has already had a big enough impact for the sporting governing ERG\ WR UH WKLQN GL΍HUHQWO\ DERXW women's cricket, starting with separate sponsorship. "Team performance obviously has an impact on

overall morale, popularity and sponsorship.” He further went on to add, "We have to think especially about the women's game in Bangladesh.

We already have some talent-hunt programs through domestic tournaments, but we should do more for their development."

Thus, when a country invests in its future, the prospect of growth inevitably begins to shape. The room of possibility, opened up by Bangladesh’s rising Tigresses can only pave the way for present and upcoming generations of Rumana Ahmeds or even a new name.

26 / Property Now

The Sky Is Never the Limit

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Celebrating the launch of Bangabandhu Satellite-1

At 2.14 am local time (4.14 pm EDT), WKH FRXQWU\È&#x2021;V È´UVW HYHU JHRVWDWLRQDU\ communications satellite was launched with the assistance of Elon 0XVNÈ&#x2021;V 6SDFH; SURJUDP DWRS WKHLU PRVW DGYDQFHG )DOFRQ URFNHW +DYLQJ IRXQG LWVHOI LQ VSDFH MXVW PLQXWHV DIWHU ODXQFK WKH %DQJDEDQGKX 6DWHOOLWH WRRN DERXW GD\V WR UHDFK WKH RUELW

?

â&#x20AC;&#x2DC;So, why was it so important for %DQJODGHVK WR KDYH LWV È&#x2020;ȵDJÈ&#x2021; ȵRDWLQJ DERXW LQ WKH VWDUV"

The successful launch of the satellite QRW RQO\ PDUNHG D VWHSSLQJ VWRQH LQ WKH SDWK RI ZKHUH %DQJODGHVK LV KHDGLQJ EXW DOVR JRHV WR VKRZ

WKH URRP RI SRVVLELOLWLHV WKLV GRRU has opened up to. Before the ODXQFK %DQJODGHVK ZDV GHSHQGHQW RQ IRUHLJQ RSHUDWRUV ZKHQ LW FDPH WR VDWHOOLWH FRQQHFWLYLW\ E\ VSHQGLQJ XS WR PLOOLRQ D \HDU 1RZ E\ KDYLQJ LWV RZQ VDWHOOLWH QRW RQO\ PHDQV %DQJODGHVK FDQ spend that money on other LQIUDVWUXFWXUHV EXW DOVR SULPDULO\ FDSLWDOL]H RQ %DQJDEDQGKX È&#x2021;V EURDGFDVWLQJ FDSDFLW\ E\ UHQWLQJ LW RXW WR QHLJKERULQJ 6RXWK $VLDQ countries. The BD-1 communicaWLRQ FDSDELOLWLHV DOVR KDYH D VHFRQGDU\ VHUYLFH DUHD 66$

which will include South East Asia, Europe, Middle East and North Africa (MENA), as well as East Africa.

History is made on the shoulders of great achievements and on a

Friday, the 11th of May, 2018, at the Kennedy Space Center in Florida, USA.

Bangladesh celebrated a milestone which boosted their progress through the roof; the launching of the FRXQWU\È&#x2021;V È´UVW VDWHOOLWH into space,

The Bangabandhu -1.

27 / Property Now Expected to last and operate at functionality for at least 15 years, the Bangabandhu-1 Satellite will open doors to improvements the country has been yearning for many years on. The primary objective of this satellite is to boost the digital and

support from Space Partnership International (SPI), Thales Alenia Space and their local partner in Bangladesh, Spectra Engineers Ltd. the satellites proper functionality from launch to being in orbit was seen through thoroughly.

Thales Alenia Space was

station in Betbunia was ready to control and operate the Bangabandhu-1 as it had successfully, including the secondary station in Gazipur, received signals the day of launch from the satellite.

An artist’s rendering of the Bangabandhu-1 satellite in orbit. Image Credit: Thales Alenia Space

communications progress within the country. The Bangabandhu-1 will provide a multitude of services including direct-to-home (DTH) facilitation, video distribution, highest quality broadband access, very small aperture terminal (VSAT) communications and a communications trunk for high wide band of data rate for point-to-point services. Developed by the Bangladesh Telecommunication Regulatory Commission (BTRC) with technical

responsible for handling the design, production, testing, and the delivery into orbit while Spectra Engineers Ltd. was in charge of civil engineering works for the newly created ground infrastructure located in Gazipur DQG WKH FRXQWU\ȇV ȴUVW 6DWHOOLWH Earth-Station established by the Founding Father of Bangladesh, Sheikh Mujibur Rahman, at Betbunia, Rangamati.

On May the 16th, 2018, it was DɝUPHG WKDW WKH SULPDU\ JURXQG

Bangabandhu-1 aims to bridge the gaps in the country’s digital progression by what they claim will strengthen communications connectivity through the entire region. By utilizing the satellite’s full communications capabilities, %DQJODGHVK FDQ UHDS WKH EHQHȴWV by having a fruitful, internal growth, which in turn will push the country’s progress forward towards true digital advancement.

28 / Property Now 10

Celebrating the Construction of Dreams:

Bijoy Rakeen City

T

This edition of Property Now is all about celebration and it could not do without an update on the construction of â&#x20AC;&#x2DC;Bijoy Rakeen Cityâ&#x20AC;&#x2122;.

RYHU RI WKH SURMHFW ZLWK Č´UVW handovers expected in 2018 to early 2019.

Started in 2013, the construction of the communal paradise will be a manifestation of what it means to live inside a community, amidst the growing urbanization of Dhaka city.

The idea of a close-knit community was but an old tale from our family elders, a concept lost with todayâ&#x20AC;&#x2122;s WLPH GXH WR WKH ČľRZ RI PRGHUQLVP we are experiencing.

With their dapper undertaking back in 2013, no one could have realized how much a project like this could change the area. With only 200 out of 1950 number of units available, it is clear that a new way of living will emerge in Dhaka. The plethora of options for residents to meet and come together will evoke beautiful opportunities to construct a strong social network, in a safe and clean environment.

However, Rakeen is about to celebrate 2018 by bringing back the spirit of community with their gargantuan condominium project.

Built across 50 Bigha of land on one of the safest areas near Kochukhet Cantonment in Dhaka, the condominium community is not only a PHUH UHČľHFWLRQ RI WKH JURZLQJ demand of housing in Bangladesh, but a patron of dreams. At this moment, Rakeen Development &RPSDQ\ /WG FHOHEUDWHV Č´QLVKLQJ

29 / Property Now 10 The premiseâ&#x20AC;&#x2122;s â&#x20AC;&#x2DC;community complexâ&#x20AC;&#x2122; comes with a world-class gymnasium, food outlets, separate swimming pool for ladies and gents, a â&#x20AC;&#x2DC;ladiesâ&#x20AC;&#x2122; exclusive beauty parlor, a large shopping and daily-need arcade, and an indoor gaming zone which will ensure inhabitants all the ease of life.

Inclusion of such vast amenities is an assurance by Rakeen to their residents, that the need for communal necessity is only a brisk walk away. To live up to the dreams of the vast growing middle class, Bijoy Rakeen City provides an International Standard School and a beautifully designed 6-storied mosque, just a stone throw away from their house. $V ZHOO %LMR\ 5DNHHQ &LW\ ZLOO EH Č´UVW ever housing society project to have their own Dedicated DESCO Power Substation and an environment friendly Sewerage Treatment Plant on its grounds. These essential facilities will prove pivotal in sustaining a proper lifestyle ideal that is yet to be availed by many major residential areas of Dhaka city.

And this is not the end of it: Big plans are already underway for the next undertaking; Rakeen City in Kanchpur. The start of their next project is expected to begin in December, 2018 and will be even bigger than Bijoy Rakeen City, with 4950 apartment units to be constructed across 120 Bigha of land.

It is clear that Rakeen Development Company Ltd. has taken the boldest RI VWHSV RI HQVXULQJ D VHOI VXÉ?FLHQW communal society, leading and paving the way for other projects to follow suit. These premises

will come with a sea of facilities and features which will tick all the boxes.

Rakeen ensures that residents will not need to step outside of the â&#x20AC;&#x2DC;Cityâ&#x20AC;&#x2122; for leisure, learning and living life.

32 / Property Now 10

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of Bangladesh

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34 3URSHUW\ 1RZ

Seeking Safety with

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Bangladeshâ&#x20AC;&#x2122;s drastic technological advances and economic progress over the years are incomparable since independence.

With a 6% economic growth in the last decade, Bangladesh has established itself as the sixth largest growing economy of the ZRUOG ZLWK LWV PLGGOH DQG DÉ&#x17E;XHQW FODVV JURZLQJ UDSLGO\ DW RYHU HYHU\ \HDU )XUWKHUPRUH WKH UDWH RI XUEDQL]DWLRQ KDV LQFUHDVHG DURXQG VLQFH ZLWK XUEDQ FLWL]HQV present in Dhaka and Chittagong alone. Dhaka is forecasted to KDYH D SRSXODWLRQ RI PLOOLRQ E\ $V XUEDQ DUHDV JHW PRUH FURZGHG WKH\ EHFRPH PRUH SURPLQHQW DQG VXVFHSWLEOH IRU WKLHYHV DQG EXUJODUV WR FRQGXFW FULPLQDO DFWLYLWLHV 7KXV %DQJODGHVK LV IDFLQJ DQ HYHU LQFUHDVLQJ FRQFHUQ IRU VHFXULW\ +RXVLQJ PLOOLRQ HFRQRPLF HVWDEOLVKPHQWV DQG KROGLQJV 'KDND DQG &KLWWDJRQJ DUH WKH EXVLHVW FLWLHV LQ %DQJODGHVK 0RUHRYHU RI WKH DÉ&#x17E;XHQW FODVV RI %DQJODGHVK LQFOXGLQJ IRUHLJQ GHOHJDWHV WRXULVWV 15%V DQG WRS WLHU EXVLQHVVPHQ FDQ EH IRXQG LQ WKHVH SODFHV :LWK PRVW SHRSOH HLWKHU FRQVXPHG ZLWK EXVLQHVVHV RU MREV WKHLU KRPHV DUH PRVWO\ NHSW HPSW\ RU ZLWK FKLOGUHQ DQG HOGHUO\ SDUHQWV YDOXDEOH LWHPV DUH NHSW YXOQHUDEOH XQGHU PDLGÈ&#x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

35 / Property Now 10 Thieves and burglars are always coming up with innovative methods to commit crime. They often pose as maids, delivery people or survey personnel to easily bypass guards and they steal or break DVR/memory card of cameras before entering the house. Maids, guards and caretakers themselves are often linked with burglary and kidnapping of young children alone at home. In addition, burglars sometimes force guards/caretakers to disable building security at gunpoint. Moreover, they track homes to gather information about the family and belongings which helps in planning methods of theft. They also enter by cutting grills in windows and balconies taking the residents hostage and stealing HYHQ ELJ YDOXDEOHV OLNH VPDUW 79V 7KHUHIRUH FXUUHQW VHFXULW\ V\VWHPV DUH EHFRPLQJ LQHÎ?HFWLYH HDFK GD\

However, Bangladesh is not sitting idly by and turning a blind eye to it. One giant company from Bangla Trac Group is trying to tackle this issue. B-Trac Solutions Ltd., a concern of Bangla Trac Group, has launched Bangladeshâ&#x20AC;&#x2122;s own, very Č´UVW VHFXULW\ DQG DXWRPDWLRQ EUDQG QDPHG Č&#x2020;6HHPR Î&#x2013;QWHOOLJHQW /LYLQJČ&#x2021; Î&#x2013;W DLPV DW FUHDWLQJ SURGXFWV WKDW EULQJV FXVWRPerâ&#x20AC;&#x2122;s security in their own hands and at the same time create a convenient lifestyle. Accessed â&#x20AC;&#x153;â&#x20AC;&#x2122;We have tailored Seemo for Bangladeshi customerâ&#x20AC;&#x2122;s needsâ&#x20AC;&#x2122;, Seemo addresses our security issues to prevent a crime before happeningâ&#x20AC;? said an executive from Seemo, â&#x20AC;&#x153;we are building products that nullify the existing loopholes of security devices and help catch burglars in the act. Our cloud storage makes it impossible for thieves to tamper with data and thus, ensures full data protection for a minimum cost.â&#x20AC;? He further added, â&#x20AC;&#x153;We cannot just sit idly by and let criminals get their way and I believe Bangladesh has enough capacity to support initiatives taken against crime.â&#x20AC;?

(QVXULQJ WKDW WKH FXVWRPHUV JHW WKH EHVW ZKHQ LW FRPHV WR VHFXULW\ Č&#x2020;6HHPR Î&#x2013;QWHOOLJHQW /LYLQJČ&#x2021; LV WKH IXWXUH RI KRPH safety for a developing country like Bangladesh. Eliminating the need to worry about leaving loved ones or valuables at home at the mercy of stress, Seemoâ&#x20AC;&#x2122;s innovative security devices are the answer to a safe and secured environment.

38 / Property Now 10

Celebrating the

Evolution of Shape

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39 / Property Now 10 Rangs Properties, a concern of Rangs Group of Companies, is a progressive real estate developer in the country which has been investing in modernizing all of their working projects. Their Babylonia Completed project at Tejgaon is a unique building that looks to stand out as modern art. A 15 storied commercial structure which looks like a building block of contemporary art, with each ČľRRU VWLFNLQJ RXW OLNH EORFN VKDSHG ČľRRUV IURP WKH outside.

Projects by BTI Ltd. are constructed to stand out from its competitors in all arenas of development. The Enclave, a well-designed residential gem in the Dhanmondi area stands out as a modern outtake on past building structures and The Lake View, a state of the art structure splashed in a spectacular outlook. Both these residential buildings fall under their premium collection.

Perhaps the best example of a change in design from an architectural point of view is the newly constructed Liberation War Museum at Agargaon, Dhaka. The original museum was constructed at Shegunbagicha on March 22, 1996 was a two storied building with six galleries and had an outdoor theatre. The new construction however stands out as a modern creation of heritage-meets-art. The new building was designed by students who won an architecture design competition. They created a building which on the outside, looks like a concrete war ship. The â&#x20AC;&#x2DC;masts of the shipâ&#x20AC;&#x2122; are visible from afar while approaching the museum. The state-of-the-art museum now houses 21,000 artifacts in a space of 3,500 square meter gallery areas along with spacious concourse halls and modern audio-visual equipment for a full perspective of the Liberation War and associated events.

Like trees outgrowing the others in a forest, the scene of Bangladeshâ&#x20AC;&#x2122;s architectural outlook is aggressively evolving into something better. From this end on, the architectural designs can only get better.

40 / Property Now 10

Ghuri Utshab â&#x20AC;&#x201C; Celebrating Shakrain

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41 / Property Now 10 The day of the event Ever since Shakrain began to gain a ZLGHVSUHDG UHFRJQLWLRQ QHHGOHVV WR VD\ WKDW WKH FHOHEUDWLRQ RFFXUV LQ D JUDQGHXU PDQQHU 3HRSOH VWDUW WDNLQJ SUHSDUDWLRQV IURP D PRQWK SULRU WR WKH HYHQW $QRWKHU DGGLWLRQ WKDW KDV DUULYHG UHFHQWO\ LV WKH SUHVHQFH RI RɝFLDO NLWH FRPSHWLWLRQV ΖW LV QRW RQO\ DERXW FXWWLQJ RWKHU NLWHV EXW DOVR WR VKRZFDVH WKH DUW RI NLWH VWULQJV 7KH SULFH RI NLWHV VWDUWV IURP 7N DQG FDQ JR XS WR 7N 7KH FRPSHWLWLRQV WDNH SODFH LQ YDULRXV ORFDWLRQV LQ WKH 6RXWKHUQ SDUW RI 'KDND QDPHO\ 6KDQNKDUL %DMDDU /D[PL %DMDDU &KDZN %DMDDU 7DWL %DMDDU /DOEDJK *HQGDUL\D %RQJVKDO 'KXSNKROD 6DGDUJKDDW DQG -DJDQQDWK 8QLYHUVLW\ 7KH *KXGGLV NLWHV FRPH LQ DOO VKDSHV DQG VL]HV DQG SHRSOH RI GL΍HUHQW DJHV WDNH SDUW LQ WKH FRPSHWLWLRQ 0RUHRYHU 6KDNUDLQ KDV EHFRPH VRPHZKDW RI D WUHQG RYHU WKH SDVW FRXSOH RI \HDUV

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As time passes by, the Old and the New unite.

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