Real estate advisory and consultancy firm PRIME Philippines held its first exclusive real estate webinar series: ‘Real Estate on Air’ with the week’s episode ‘Philippine Real Estate Outlook & Sentiments amid Quarantine’ last April 17 via WebinarJam, an online webinar hosting platform.
PRIME Philippines’ Head of Research and Advisory, Connor Kelman, shared the latest updates on the Philippine real estate market amid the current crisis. He also discussed some key lessons from the 2003 SARS outbreak that real estate practitioners today may learn from for the current crisis. The main takeaway from the report was that the real estate remains as resilient as before despite the short-term to medium-term setbacks particularly in the office, retail and hotel sectors. Kelman also shared some insights from PRIME Philippines’ Geospatial Investor Confidence Map highlighting regions where local investors are most bullish investing in.
The esteemed panel discussants included real estate business leaders from Luzon, Visayas, and Mindanao – Delfin ‘Buds’ Wenceslao, CEO of D.M. Wenceslao and Associates and managing director of Aseana Holdings; Jose ‘Joe’ Soberano III, chairman, president and CEO of Cebu Landmasters; Ricardo ‘Cary’ Lagdameo, first vice president of Damosa Land; John Tria, president of Davao City Chamber of Commerce and Industry; and Jet Yu, CEO and founder of PRIME Philippines. They discussed their sentiments and outlook on the local property market amid the crisis and shared advices and insights on how real estate stakeholders may counter the adverse effects of the pandemic on their businesses.
By the end of the webinar, PRIME Philippines also launched the first real estate-focused survey report in the country: the 2020-2021 Philippine Real Estate Business Intelligence Compendium. The survey report will be a three-volume part. The first volume highlights the sentiments and insights of nearly 500 landlords, occupiers/tenants and investors/developers on the impact of COVID-19 in the overall economic and real estate business in the Philippines.
The real estate advisory and consultancy firm also commits 10% of the net proceeds from this compendium subscription initiative to support the precarious mission of our frontliners in battling COVID-19 in the Philippines. The frontliners shall receive essentials such as personal protective equipment, 70% ethyl alcohol and canned products.