Taunang National Real Estate Convention, isinagawa sa Cebu City
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NewsTranscript
00:00Top developers and agents gathered at the National Real Estate Convention in Cebu City
00:08where they discussed the strength and good future of real estate in the coming years.
00:15Jessie Atienza of PTV Cebu in Detalia Rise and Shine.
00:19Jessie.
00:20This event is a celebration of success so we invited 30 developers and we also invited
00:49the top sellers in the country so in order to collaborate and create success so they
00:55can create a good product because the problem with the backlog today, a lot of people are
01:02telling me, Jaton, bakit maraming pondok, bakit hindi nabenta?
01:07It is always about the market.
01:09The developer didn't create a product for the market and I always advise them that's
01:14the reason to be a market developer driven.
01:19According to the developers, the convention helped them a lot because they can get direct
01:25data from the agents.
01:27It's always good to have perspective from someone on the ground and the groups of Filipino
01:32homes, you have thousands of sellers interacting with sellers, interacting with clients every
01:38day.
01:39So if you rely on raw data, that is actually in a way sometimes very theoretical, it's
01:46always good to get information from the ground.
01:48Silang magsasabi say na itong hinahanap ng merkado, itong kain niya nang bayaran, kahit
01:53nabababa yung equity niya, kaya pa rin niya nang bayaran yung marketization kasi ganito
01:58yung hinahanap ng kliente.
02:00Maliban sa mga residential and office building projects, may mga developers din na nakatutok
02:05na sa economic zone projects dahil sa demand mula sa manufacturers.
02:09We want to shift our direction, our focus to industrial space, so that's why we have one
02:15project now that's in the pipeline, that's in the planning stage in Consolacion, 42 hectares
02:21to be developed into an industrial park.
02:24So we'll be selling 1,000 square meter to 1,005, 2,000 industrial lots.
02:29A lot mang good are investing in the Philippines or particularly Cebu, kaya you have a lot
02:35of manpower, talent.