The Outlook 2023: Philippine Real Estate Awards, organized by Lamudi, celebrated the leading real estate developers in the country on September 21, 2023. A total of 21 awards were given out at the prestigious event, with the property platform recognizing different segments of the real estate market through a voting system that involved 10,000 active seekers. This was done to guarantee fairness and honesty in the selection process.
During his speech, Anurag Verma, the country head of Lamudi Philippines, emphasized the importance of establishing a trustworthy online presence and showcasing products in a genuine and transparent manner. He also stressed the need for real estate companies to provide personalized and enjoyable experiences for potential customers at every interaction.
In addition to acknowledgments for top-performing condos, houses, and commercial developments, Lamudi also honored the developers and projects that spearheaded the digital and wellness-focused movement in the industry.
The Westin Manila’s Residences, developed by RLC Residences, was awarded Wellness-Focused Development of the Year for its purposeful design that promotes overall well-being and supports the healthy habits of its inhabitants.
RLC Residences was awarded the Digital Innovator of the Year for their exceptional efforts in incorporating innovative technologies to enhance human experiences and streamline the property purchasing process. They continue to be a driving force in integrating advanced solutions and sustainable developments in the real estate market of the Philippines.
However, PH1 World Developers’ My Ensō Lofts was recognized as the Real Estate Innovation of the Year for implementing advanced construction methods to tackle the housing shortage in the Philippines.
The Outlook 2023: Philippine Real Estate Awards, presented by BPI, was held at the Shangri-La The Fort in BGC, Taguig. The event recognized the best projects in the House, Condominium, and Mixed-Use Development categories from all three of the major islands in the Philippines.
Here is the complete list of the winners:
Best Affordable Condo – Grand Mesa Residences (Wee Community Developers, Inc.)
Best Premium Condo – Parkford Suites Legazpi (Alveo Land Corp.)
Best Affordable House – Ajoya Cabanatuan (Aboitiz Land, Inc.)
Best Premium House – Seafront Residences (Aboitiz Land, Inc.)
The Spectrum by Vista Residences is the recipient of the Best Mixed-Use Development award.Vista Residences, Inc.)
Winners from Visayas and Mindanao
Best Affordable Condo – Primeworld District (Primeworld Land Holdings Inc.)
Best Premium Condo – Mantawi Residences (RLC Residences)
Best Affordable House – The Diamond Heights (Wee Community Developers, Inc.)
Best Premium House – Camella Gran Europa (Camella)
The top Mixed-Use Development in Georgia is awarded to Vista Estates, a project by Vista Land and Lifescapes, Inc.
Top Shared Workspace – Acceler8 operated by UnionSPACE (Inphin8 Space, Inc.)
Top Office Development – SM North EDSA Tower 1 – 15F (KMC Solutions)
Best Industrial Development – Anflo Industrial Estate (Damosa Land, Inc.)
The Year’s Focus on Wellness Development –The Residences at The Westin Manila (RLC Residences)
The recipient of the title Digital Innovator of the Year –RLC Residences
Real Estate Innovation of the Year – My Ensō Lofts (PH1 World Developers)
The Selli Early Adopter Award recognizes individuals who were among the first to use a product or service.Filinvest Land, Inc.
Luzon’s Boutique Developer of the Year for 2018PHINMA Properties
The recipient of the Boutique Developer of the Year award for 2019 in the Visayas and Mindanao region. Primeworld Land Holdings Inc.
Developer of the Year – Luzon – Camella
Top Developer in the Visayas and Mindanao Region
Continuing the tradition of acknowledging exceptional leaders in the industry.
Mr. Verma began the award ceremony by recognizing the attendance of top leaders in the real estate industry in the country.
“We all can agree that improving the industry is not a one-man job. Together, we must create a collective vision with a shared mindset of helping Filipinos find their dream home. This room is currently filled with educators, innovators, planners, designers, builders, legislators, and marketers who all want to introduce each family to the perfect home that will empower them to do more–to dream more,” he said.
According to Mr. Verma, the real estate process now begins with an online search due to the shift to the digital era.
“The beginning of this turning point in the use of technology within the real estate market in the Philippines is something we are thrilled to see. We are proud to assist developers in this journey by providing digital solutions, as they enthusiastically embrace this new era,” stated the country head of Lamudi Philippines.
During her opening statement, Bernadette Ocampo, the Head of BPI’s Retail Mortgage Division, acknowledged that industry partners have acknowledged the advantages of utilizing online platforms to expand their reach and improve their operations and business processes.
Ms. Ocampo stated that BPI and Lamudi share the same vision and objectives of helping Filipinos attain their desired homes and empowering them to make it a reality today.
With the continued partnership of Lamudi and BPI, the two market players are set to launch BPI Verified. This new service converts Lamudi property listings into BPI-verified property listings, enabling Filipinos to choose from various properties on the online platform that were pre-appraised and title-verified. Home-buyers can then apply for a BPI Housing Loan.
The primary goal of BPI Verified is to provide clients with reassurance about their property by having a bank pre-evaluate and verify the listings. According to Ms. Ocampo, this serves as an indication that the property is a strong collateral and meets the qualifications for bank financing with BPI.
Mr. Verma also shared his appreciation for the partner developers who have placed their trust in Lamudi. He stated, “At Lamudi, we understand that your triumph is our triumph. Over the past nine years, our goal has been to ensure a reliable, convenient, and effortless real estate experience.”
Preparing for the advancement of Philippine real estate development
Prior to the actual award ceremony, a group discussion was held to discuss the plans for modernizing the real estate industry in the Philippines. The discussion was facilitated by AJ Rocero, the Managing and Executive Director of PropTech Consortium of the Philippines, and Randolf Ilawan, the Real Estate Portfolio Manager from BPI’s Economic Research and Real Estate Portfolio Team in the Corporate & Commercial Credit Group.
Ms. Rocero observed that numerous developers are already implementing sustainability efforts in the country.
She expressed confidence that we are headed in the correct path, as other developers are also adopting it. This is due to the support from both private and government agencies, who are promoting incentives.
When asked about the priorities of the average person, Mr. Ilawan stated that their initial reaction to implementing these initiatives is that it will incur additional expenses. However, they have not considered the long-term benefits. Therefore, it is important to help them understand the reasons behind these initiatives and the positive outcomes that can result from embracing green and property technology.
The Outlook 2023: Philippine Real Estate Awards is being co-presented by BPI. The event’s primary sponsors include The Boring Group Industry and Home Solutions, Concepcion Midea, Yale, ContractWorld Furniture, and Taylor Living Furniture. The supporting sponsors are Awards Central, MetroMart, and Pick.A.Roo.
The following media organizations are collaborating with The Outlook 2023: Philippine Real Estate Awards: Philippine Daily Inquirer, Inquirer Property, The Philippine Star, Manila Bulletin, BusinessWorld, Business Mirror, Manila Standard, Malaya Business Insight, and The Business Manual. The media support is provided by Media Blast Digital, Property Finds Asia, NegoSentro, Real Estate Blog PH, and Village Connect.
Please refer to The Outlook 2023: Philippine Real Estate Awards for further information.
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