MANILA, Philippines — With the booming economic landscape and an even positive growth outlook for the coming years, more and more Filipinos have the purchasing power and some capital to invest, particularly in real estate.
And one company makes these potentially life-changing real estate investments easier and more accessible for everyone.
C Estates, the first fractionalized real estate investing platform project accessible to the Philippines and Asian markets, connects people around the world to seamlessly transact and conveniently buy and sell real estate properties.
In truth, the Philippines joins cities like New York, Amsterdam, and Seoul as pioneers in digital property investment using blockchain technology, a fact which the budding platform is leveraging on.
In a conference, Thursday night at the Grand Hyatt Hotel in BGC, industry leaders and experts joined together and tackles the legal, financial, and security talking points surrounding property tokenization.
Moreover, two residential condominium properties in Makati City have become the first successfully tokenized properties in the country. This was demonstrated on the C Estates digital real estate platform by the company’s co-founder and COO, Eli Becislao.
These secondary market properties have been encoded in a global public database using NEM blockchain platform.
Real estate tokenization is the process of representing a real estate asset with a blockchain-based token.
In terms of tokenization, C Estates uses this process in a series of computational logic that has long been used by financial institutions on monetary assets.
C Estates’ platform that facilitates the transactions between buyers, sellers and all the entities that provide real estate services.
Awarded and well-recognized Tech and Securities Law expert Atty. Mark Gorriceta meanwhile, spoke about the relevant regulations surrounding digital real estate transactions while Eric Manuel, Investment and Asset Management for the Philippine for Arch Captial, gave an entertaining perspective on the next wave of smart investments in real estate.
For the tech aspect, Head of NEM Philippines Emerson Fonseca was enthusiastic about the potential positive contributions of blockchain technology in Philippine transactions.
In his speech, C Estates founder and chairman Teru Sumida took on the task to introduce blockchain-based technology to a growing PH economy.
“What can change the world is something or someone who will challenge what most people usually believe,” he said.
“Without challenge, there will be no opportunity. So why not? Why not us? We are very much prepared for the challenge of a changing real estate industry,” he added.
The well-attended event hosted by One News PH’s Shawn Yao, included personalities, founders and executives of real estate and investment big wigs.