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October 30, 2015
Fostering innovative investment and financing structures amidst all the risks facing the Philippine Real Estate industry today has called the movers and players of the market to gather for the 4th Asia Pacific Real Estate Investment Summit Philippines (APREISP).
Digging deeper into the economic standing of today’s Philippine Real Estate industry, Rick Santos, CBRE Philippines Chairman and CEO, pointed out future and emerging CBDs, in the north and south of Metro Manila, bay areas, and as well as in the Visayas region.
Distinguished panelists were also invited to shed light on important matters addressing significant issues about the industry, its work force and the current crisis. Among the first group of discussants is Ramil B. Lombos, DMCI Homes’ Chief Financial Officer who shared his own views about the issues raised. Panelists were to discuss their standpoints on how they think about the Real Estate’s current situation.
Amidst the economic slowdown, all panelists believe that the Real Estate Industry, though may be affected, will only be more competitive. Technology and innovation, according to them, are the most important factors to help sustain real estate standing.
As for Lombos, he remains positive that the real estate industry will continue its performance over the years to come, and will not be affected, nor ‘bubble out’, amid some seen effects on the residential sector. He also pointed out that DMCI Homes, apart from other companies, is relatively young in the market, and is looking at many other sources and tools to continue to be on top of its game.
The “affordability” problem also came as a hot topic in the discussion, which earned debatable viewpoints between the panels. Lombos quantified there will be some negative effects if real estate products were made more “affordable” than it already is in the market. He also suggested that real estate and bank companies should work hand-in-hand to make housing more affordable and achievable for the Filipino consumers.
Other segments of the discussion tackled the current work force cluster, transportation systems in the country, and the BPO industry as some of the key players in the Philippine industry today.
The core themes that were touched during the panel sessions include the Regulatory Reforms supporting Domestic Real Estate Development, Assessing the Philippines 2016 Real Estate Market Outlook, ASEAN Integration’s impact on Domestic Real Estate Market, Private Capital Financing for Large-Scale Real Estate Projects, Property market trends and opportunities in the Philippines, and Philippine Township Project’s snapshot.
The 4th Asia Pacific Real Estate Investment Summit Philippines (APREISP) took place at the Solaire Resorts and Casino Grand Ballroom last October 22, 2015.
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