The Philippine Real Estate Awards 2023 recognizes innovative builders and developers.
The Philippine real estate industry is focused on achieving continued growth and recovery by providing spaces that cater to the changing demands of the market, influenced by the rise of digitalization and sustainability. A top online real estate platform has recognized and praised the efforts of the country’s top developers in this regard during a highly-anticipated annual event.
The Outlook 2023: Philippine Real Estate Awards by Lamudi brought together distinguished and respected individuals in the field to recognize the best real estate projects and developers in the country, during a period of economic recovery and advancement in the industry.
On September 21, The Outlook 2023: Philippine Real Estate Awards took place at Shangri-La The Fort in Bonifacio Global City, Taguig. The event awarded 21 prizes to the leading real estate developers in the country, covering a range of categories. The winners were chosen through a voting system that involved 10,000 actively engaged individuals.
In addition to acknowledging the top condo, house, and commercial developments, Lamudi also honored the developers and projects that have been instrumental in driving the industry towards a more technology-driven and health-conscious direction.
Anurag Verma, the Country Head of Lamudi Philippines, emphasized the significance of the digital realm. As a top real estate marketplace, Lamudi plays a crucial role in establishing developers as reliable and credible brands with quality offerings.
“According to Mr. Verma, there is currently a pressing need to prioritize establishing a credible reputation online and promoting products with honesty and openness. In the real estate industry, it is crucial for companies to provide customers with a customized and enjoyable experience at every interaction.”
The presentation event, he went on to say, represents the combined work of developers and other involved parties in the real estate field to construct improved homes and communities for people in the Philippines.
Mr. Verma stated that enhancing the industry is not a task that can be accomplished by one person alone. Instead, we must work together to establish a united vision and a shared mentality of aiding Filipinos in finding their ideal home. In this room, there are educators, innovators, planners, designers, builders, legislators, and marketers all driven by the desire to introduce each family to their dream home, empowering them to reach their full potential.
Mr. Verma emphasized that the real estate journey now begins with an online search, as the world has shifted into the digital age.
Mr. Verma expressed his enthusiasm for the beginning of a significant shift in the use of technology in the real estate sector in the Philippines. He stated that more developers are embracing digital solutions and that Lamudi is proud to support them on this journey with our solutions.
“We at Lamudi understand that your success is our success. For the past nine years, our goal has been to create a reliable, convenient, and effortless real estate experience,” he stated.
Modernizing real estate
The event commenced with a panel talk on the topic “Building the Foundation: Roadmap for Modernizing Real Estate,” featuring AJ Rocero, managing and executive director of the PropTech Consortium of the Philippines, and Randolph Ilawan, real estate portfolio manager from the Economic Research and Real Estate Portfolio Team at Bank of the Philippine Island’s (BPI) Corporate & Commercial Credit Group, as the speakers.
Similar to other industries, the real estate sector is at the forefront of integrating technology and sustainability into their practices.
The use of technology, such as digitalization, is changing the way real estate is marketed, managed, and invested in, with the goal of making the process of searching for, purchasing, and investing in properties easier and more convenient.
Ms. Rocero suggests that investing in property technology (proptech) can assist developers and investors in automating and overseeing properties and buildings. Additionally, it can improve their ability to handle inquiries, sales processes, and communication with clients.
According to Ms. Rocero, developers in the country are already implementing sustainability initiatives.
She expressed confidence that we are moving in the correct direction, as other developers are also adopting our methods, thanks to the support and promotion from private and government agencies, in terms of sustainability.
According to Mr. Ilawan from BPI, technology and sustainability are closely connected. The use of proptech can contribute to promoting sustainability. BPI utilizes proptech to customize financial behavior for their end users and raise financial consciousness.
According to the real estate portfolio manager, the country is falling behind neighboring countries in terms of adopting digital trends, both regionally and globally. Therefore, there is a need for increased education and awareness of digital technologies, particularly in rural communities.
Mr. Ilawan stated that people’s initial reaction to implementing these initiatives is that it will increase expenses. However, they have not considered the long-term benefits. It is important to help them understand the reasons and outcomes, as well as the potential advantages of promoting green and property technology initiatives.
Moreover, Bernadette Ocampo, the leader of BPI’s Mortgage Division, revealed that online platforms have been acknowledged by industry players and partners as a means to expand their audience and improve efficiency in their operations.
Ms. Ocampo stated in her opening statement that BPI and Lamudi share a common purpose of helping Filipinos attain their ideal homes and empowering them to do so at present.
Lamudi and BPI are joining forces to introduce BPI Verified, a new service that will transform Lamudi’s property listings into BPI-verified listings. This will give Filipinos access to a diverse selection of pre-assessed and title-verified properties on the online platform, and they can also apply for a BPI Housing Loan.
According to Ms. Ocampo, the primary goal of BPI Verified is to provide customers with assurance about their property. This is achieved by having the bank conduct a pre-assessment and verification of listed properties, indicating their suitability as collateral and potential eligibility for BPI bank financing.
The Philippine Real Estate Awards for Outlook 2023 recognized the top affordable and premium condominiums, houses, and mixed-use developments in Luzon, Visayas, and Mindanao.
The winners for Luzon were Aboitiz Land, Inc., Alveo Land Corp., Vista Residences, Inc., and Wee Community Developers, Inc. In Visayas and Mindanao, the awardees were Camella, Primeworld Land Holdings, Inc., RLC Residences, Wee Community Developers, and Vista Land and Lifescapes, Inc.
Lamudi also awarded recognition for the top Co-Working Space, Office Development, and Industrial Development. These accolades were given to Inphin8 Space, Inc., KMC Solutions, and Damosa Land, Inc. respectively.
RLC Residence was one of the standout recipients of this year’s awards, earning the prestigious title of “Digital Innovator of the Year.” This achievement was due to their implementation of innovative technology to enhance customer satisfaction and simplify real estate processes. RLC Residence remains a leading developer and driving force in the integration of advanced technology in the real estate industry.
The RLC Residences has recently been named the winner of the “Wellness-Focused Development of The Year” award for The Residences at The Westin Manila, a luxury condominium developed by RLC Residences. This residential complex is specifically designed to promote wellness and cater to the active lifestyles of its residents.
The title of Real Estate Innovation of the Year was given to My Enso Lofts, developed by PH1 World Developers. This contemporary and tall condo complex was praised for its creative building strategies that tackle the housing shortage in the Philippines.
PHINMA Properties won the top prizes for Boutique Developer of the Year in Luzon, while Primeworld was awarded the same title in Visayas and Mindanao. Camella was also recognized as Developer of the Year in both the Luzon and Visayas and Mindanao categories.
The 2023 Outlook for Philippine Real Estate Awards was supported by The Boring Group Industry and Home Solutions, Concepcion Midea, Yale, ContractWorld Furniture, Taylor Living Furniture, Awards Central, MetroMart, Pick.A.Roo., and co-presented by BPI. BusinessWorld is one of the media partners.
Please check out lamudi.com.ph/outlook2023 for more information on The Outlook 2023: Philippine Real Estate Awards. – Angela Kiara S. Brillantes