Real estate business has evolved rapidly in the past ten years driven by the millennial market and technological advancements. While most developers and investors still rely on conventional strategies and practices, a few have already taken advantage of newer perspectives and better insights that have proven to be the most effective in this new generation.

— Jet Yu
Real Estate Thought Leader

Media Appearances

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Tycoon, Dennis Uy partners with 28-year-old CEO, Jet Yu for Breakthrough Clark Development
Tycoon, Dennis Uy partners with 28-year-old CEO, Jet Yu for Breakthrough Clark Development
  PRIME Philippines
  March 12, 2019

PROACTIVE PROPERTIES led by Millennial CEO, Jettson “Jet” Yu inked a deal for a new development inside 177-hectare Clark Global City with Uy-led Udenna Group.

In a statement during the ceremonial signing, the breakthrough developer said it partnered with Global Gateway Development Corp. (GGDC) Tycoon, Dennis Uy by leasing and plans to build a commercial building.

 

Yu-led Proactive Properties joins the league of high-profile developers in the “New Center” after Udenna Group signs agreements with SM Prime Holdings Inc., Century Properties Inc. and Suyen Corp. for a joint venture.

Jet Yu, the 28-year-old Founder and CEO of fastest-growing commercial real estate advisory group, PRIME Philippines with offices in Manila & Shanghai, is one of the first movers of the new Central Business District. Born out of this company's insights and experience in Philippines real estate consulting is Proactive Properties-- a consortium spearheaded by Jet Yu, along with a group of investors, to focus on commercial property development.

 

“Clark is showing phenomenal growth which is led by this key development and infrastructure.” says Jet Yu of Proactive Properties.

 

“This partnership with Udenna, I believe, will create a continuous development for the country by moving into key cities outside of Metro Manila. This prime development is our first step to city-enabling.” he added.

 

Set to rise in Clark is Proactive Properties’ flagship development-- a millennial-inspired, Instagramable commercial building leading the commercial sector in the master planned development that will house international anchor tenants. The second phase of the development, covering 2,800 square meters, will be a 12-storey office building which shall be designed for international companies who want to enjoy the tax incentives of Clark.

 

“Real estate business has evolved rapidly in the past ten years driven by the millennial market and technological advancements. While most developers and investors still rely on conventional strategies and practices, a few have already taken advantage of newer perspectives and better insights that have proven to be the most effective in this new generation” says Yu about the millennial-driven market.

 

Yu’s group of property consultants under PRIME Philippines note Clark’s potential to shifting the growth hub to Central Luzon.

 

PRIME Philippines’ Research Group noted that infrastructure development is a key contributor toward an upbeat and positive outlook, led by projects promoting connectivity like the Manila-Clark railway pushing major developers towards certain regional hotspots around Metro Manila. 

 

“Clark Global City is well positioned to be the first Central Business District in Pampanga given its premium infrastructures and close proximity to the Clark International Airport.  On top of this, we see a bullish demand for office spaces and retails spaces in Clark for the next 5 years backed by its growing and talented population of more than 2,100,000.  Our projection shows that a minimum of 300,000 square meters of office spaces and 200,000 square meters of commercial retail spaces will be needed within the next 5 years.” Mr. Yu said in a recent panel discussion after their research publication launch of the Philippine Real Estate Outlook for 2019. 

 

“We share the same vision of “The New Center” with Udenna Group, that’s why we chose Clark Global City. We see the need of an additional Central Business District outside the congested areas of Makati, Taguig and Pasig.”

Udenna’s Clark Global City is envisioned to be the next central business district and tagged to be the “Philippines’ new center for business, culture, entertainment and leisure”.

“Having Proactive Properties onboard in our endeavor of building CGC as a new central business district aligns with our mission of building this generation’s new center of commerce, life and innovation,” GGDC Chairman Dennis A. Uy said.

“It is notable that Proactive Properties is not just an up and coming industry player, it is an offshoot of a six-year long industry insights and experience gained by PRIME Philippines. It has a fresh perspective and, being led by millennials, it understands the needs of this generation in terms of work-life balance and how a business district can inspire that.”

“We are confident that Proactive Properties’ mixed use development will further establish and help fulfill CGC’s purpose of becoming the next central business district in the northern part of Luzon,” Uy concludes.

 

ABOUT PRIME PHILIPPINES

PRIME Philippines is a privately held property consultancy and advisory company headquartered in the Philippines. It was founded in 2013 by a young entrepreneur who saw the need of better real estate solutions in a rapidly changing economy driven by the millennial market and technological advancements.

In an industry that has stood the test of time, the company is challenging norms, breaking boundaries, and is reinventing the standard of real estate.

Within five years, PRIME has reached a company portfolio of Php 30B worth of successful deals, in over 10 countries transacted and more than 80 projects completed with over 3000 clients served, tagging the company as the industry’s youngest and fastest growing.

ABOUT GLOBAL GATEWAY DEVELOPMENT CORP.

Global Gateway Development Corp. is the owner and developer of Clark Global City. It is a wholly owned subsidiary of Udenna Development (UDEVCO) Corp., the real estate and property development arm of one of the fastest-growing holding companies in the Philippines — Udenna Corporation.

 

 

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Malaysian trade minister, Datuk Darell Leiking discusses collaboration plans with businessman, Jet Yu
Malaysian trade minister, Datuk Darell Leiking discusses collaboration plans with businessman, Jet Yu
  PRIME Philippines
  March 10, 2019

The above photo follows the exclusive Malaysia-Philippine Business Forum last March 07, 2019 in Shangri-la Hotel Makati, wherein the Prime Minister of Malaysia gave a speech to a group of Philippine businessmen.

In photo (from left to right): Siti Azlina, Trade Commissioner; Jet Yu, Founder & CEO of PRIME Philippines; Datuk Darell Leiking, Minister of International Trade & Industry Malaysia; Dato Wan Latiff Wan Musa, CEO of Malaysia External Trade Development Corporation

Among those who joined as delegates for the business forum include Jet Yu (from above photo) of PRIME Philippines, Dennis Uy of Udenna Corp., Manny Villar of Vista Land Corp., Tessie Sy-Coson of SM Group, William Belo of Wilcon Depot, Josephine Gotianun-Yap of Filinvest Land Inc., Rosalind Wee, of W Group and other top executives and leaders in various industries. Malaysian leaders such as Foreign Minister Datuk Saifuddin Abdullah and senior officers from the ministries join Minister Datuk Darell Leiking.

Further cementing the initiatives for collaboration and to strengthen the economic relationship between Malaysia and the Philippines, on March 09, 2019, just hours before his flight back to Malaysia, the International Trade and Industry (MITI) Minister of Trade Datu Darell Leiking discusses collaboration plans in a private meeting held in Makati Shang ri-la with PRIME PHILIPPINES’ 28 year old CEO and  businessman, Jet Yu.

During this collaborative meeting, they were also joined by Dato Wan Latiff Wan Musa, the CEO of Malaysia External Trade Development Corporation and the Trade Commissioner, Siti Azlina.

This meeting succeeds the three-day visit of Malaysian Prime Minister with President Rodrigo Duterte and the Malaysia-Philippines Business Forum. The Malaysian group requested the one-on-one meeting with the businessman, Jet Yu, whose companies have interest in real estate development and advisory, technology, and importation business.  

Subsequent to the table discussion of the Malaysian trade minister and the Filipino-Chinese CEO, the foreign business group is already looking for opportunities in Mindanao, where the CEO just made his two-day visit in his Davao City regional hub after the business forum. The city boasts of its accessibility to the East ASEAN Growth Area which includes Brunei, Indonesia, Malaysia, the Philippines and Timor Leste.

Malaysia posted highest growth rate among the country’s top sources of foreign investments in 2018.

The country plans to revive “BIMP-EAGA” and expand its trade and investment ties with Malaysia by taking opportunities in industries such as manufacturing, technology, halal, and infrastructure after the roundtable meetings with the two groups.

Jettson “Jet” Yu, is the Filipino-Chinese businessman who is the young founder and CEO of tech-powered commercial real estate advisory group, PRIME Philippines, who revealed plans to open its first international hub in Shanghai, China.   Furthermore, he is an active angel investor wherein he made appearances as an investor judge in the Philippine business reality TV show shown in CNN wherein he initiated to invest Php 20M to 3 start-up companies.

His latest innovation is GreatWork, a shared office and coworking space business which he founded. Starting its operations in April 2018, it is one of the fastest growing spaces of its kind in Quezon City, covering more than 1,000sqm with 2 locations.

Could this 28 year old CEO be the future taipan of the Philippines?

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