Stakeholders last week launched the PropTech Consortium of the Philippines which will digitalize real estate and related sectors.
PropTech aims to modernize and offer solutions in the post-pandemkc world and propel the country’s real estate industry into the digital age.
Built on three main pillars – innovation, sustainability, and governance, it is designed to be the country’s locus for the development of property technologies.
“The digitalization of the real estate industry will allow [the practitioners] to make processes more efficient, which will benefit the end user of these developments … PropTech will be a great platform to achieve that, “ said Carlos Dominguez III, secretary of the Department of Finance, said during the digital event.
While the current health situation has put more challenges in implementing innovation, the PropTech leaders still see the Philippines rising as a technology leader in Southeast Asia.
Amor Maclang, PropTech Co-Founder, said “by merging technology and real estate and other recent developments on finance, the Philippines is well-positioned to be a PropTech capital in Asia one sandbox, one experiment, one talk at a time.”
