Proptech eyes P2B deals in PH

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    A Singapore-based property technology startup hopes to close P2 billion worth of transactions in the Philippines optimistic of the country’s real estate industry.

    Ohmyhome eyes 5,000 to 10,000 transactions in the next few months , with P20 million in sales and commissions out of those transactions Founders Race and Rhonda Wong in a virtual press conference yesterday said the company is “very optimistic” of the prospects of the real estate sector in the Philippines which they describes as stable despite the pandemic.

    The Wongs also cited the phenomenal growth of proper ty uptake and prices in recent years.

    The company notes transactions are growing for properties outside the city as people want to move to more spacious homes and inversely, some are moving in-city for good internet access.

    Ohmyhome has also partnered with the country’s big developers as the latter’s additional marketing platform Ohmyhome said listings in the Philippines will benefit from the cross-border markets where it is present, Singapore and Malaysia.

    Property owners and buyers/lessees are matched by Ohmyhome which offer a full suite of solutions from project launch of developers to renovation and proper ty management for lessors to sales dealers with buyers.

    Buyers and lessees can opt to avail of Ohmyhome’s do-ityourself service totally free or do some portions of the transaction with the help of agents.