Taunang National Real Estate Convention, isinagawa sa Cebu City

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Transcript

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.

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