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THE real estate remains as resilient as before despite the short-term to medium-term setbacks given the current situation nowadays. In particular, this applies in the office, retail and hotel sectors. This is according to PRIME Philippines’ Head of Research and Advisory, Connor Kelman.
The advisory took place during the first exclusive real estate webinar series: ‘Real Estate on Air’ with the week’s episode ‘Philippine Real Estate Outlook & Sentiments amid Quarantine’ on April 17, 2020 via Webinarjam, an online webinar hosting platform.
Aside from the latest updates on the Philippine real estate market amid the current crisis, Kelman also discussed some key lessons from the 2003 SARS outbreak that real estate practitioners today may learn from for the current crisis despite the different circumstances from then and today. He also shared some insights from PRIME Philippines’ Geospatial Investor Confidence Map highlighting regions where local investors are most bullish investing in.
The esteemed panel discussants included real estate business leaders from Luzon, Visayas, and Mindanao – Delfin ‘Buds’ Wenceslao, CEO of D.M. Wenceslao and Associates and Managing Director of Aseana Holdings; Jose ‘Joe’ Soberano III, Chairman, President and CEO of Cebu Landmasters; Ricardo ‘Cary’ Lagdameo, First Vice President of Damosa Land; John Tria, President of Davao City Chamber of Commerce and Industry; and, Jet Yu, CEO and Founder of PRIME Philippines. They discussed their sentiments and outlook on the local property market amid the crisis.
By the end of the webinar, PRIME Philippines also launched the first real estate-focused survey report in the country, the “2020-2021 Philippine Real Estate Business Intelligence Compendium”. The survey report will be a three-volume part. The first volume highlights the sentiments and insights ofnearly 500 landlords, occupiers/tenants and investors/developers on the impact of COVID-19 in the overall economic and real estate business in the Philippines. The real estate advisory and consultancy firm also commits 10% of the net proceeds from this compendium subscription initiative to support the precarious mission of our front-liners in battling COVID-19 in the Philippines. The front-liners shall receive essentials such as personal protective equipment, 70% ethyl alcohol and canned products.
PRIME Philippines is a leading real estate consultancy firm in the country with offices in Manila, Cebu and Davao, with over USD 400 million in successful deals, over 3,000 clients served, and over 200 projects. Interested individuals and organizations may go to this link to subscribe: https://realestateintelligence.