John Carlo Montero’s Post

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Real Estate | Properties | Engineer

Here's some of my key takeaways after attending the recent PROPTECH Forum: • PH has around 6.8 Million housing backlogs • Estimated 8 out of 10 Filipinos do not have adequate acces to credit. • Digital transformation will streamline the real estate industry's processes. • Financial and technological literacy is highly needed to implement this. • Developers go through a lot of agencies in order to have a License to Sell. • It's more difficult to buy than to sell projects. • This is a highly regulated industry as it involves the most tangible asset class. • Traditionally an offline type of industry but Proptech will play a great role in moving forward. •Residential development will always be the bulk of the demand from the market. • Land purchase and construction material costs takes the most slice of the development affecting property prices. **A good number of business will come up in the coming years. A great opportunity for startup companies to solve some of the said challenges.

Very informative

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