With the local economy in an upswing, the Philippines’ real estate market is currently enjoying continuous growth. In a report posted from the Philippine Daily Inquirer, the industry is forecast to maintain its growth and remain resilient in 2019
To further quote the article, “Residential condominium supply grew in 2018 with approximately 35,000 units added to the total existing stock. Overall, total cumulative stock last year reached 338,000 units with majority of the stock located in Quezon City followed by Makati City and Taguig City.
Strong demand was observed for newly completed residential units and pipeline of projects from the upper-mid to luxury segments in Makati and Bonifacio Global City (BGC).
The leasing market in Makati Central Business District (CBD) and BGC was mainly driven by the influx of expatriate employees from BPO and online gaming firms while the sales market was fueled by the demand from local and foreign high net worth individuals.” (SOURCE)
For online real estate juggernaut Lamudi, the promising developments in the industry were made sweeter by a number of industry players who went above and beyond in real estate sales. Recently, Lamudi feted these individuals composed of outstanding real estate professionals and brokerage companies at their third annual Lamudi Broker Awards Night held at the Makati Shangri-La.
The Lamudi Brokers Awards is an evening of recognition of the real estate professionals who have demonstrated skilled achievement, superior leadership, high moral character, and professional behavior as chosen among the clientele of the Philippines’ number one real estate platform.
“The Lamudi Broker Awards Night is our way to show appreciation to our most successful partners who not only grew alongside the company but helped Lamudi reach great heights in the real estate industry,” says Gilles Hage, Lamudi’s VP for Commercial Strategy
Lamudi’s CEO Bhavna Suresh formally opened the evening’s gathering. Industry thought leaders were also present in the event, offering an avenue for exchanging valuable insights on how to improve the local real estate industry and the community-at-large.
Elizabeth Ventura, President of Anchor Land Holdings, Inc. highlighted that brokers are an integral part of the overall success of property developers. Meanwhile, Colliers Philippines’ Senior Manager for Research, Joey Bondoc, dove deep into the highlights of the local property sector in 2018 and what can be expected in 2019.
The awards presented were divided into three categories: Individual, Company, and Special Awards. The winners of the Individual and Company Awards were determined via data gathering while winners of the Special Awards were chosen through voting by Lamudi’s partner network with the exception of the Lamudi Partner of the Year award as this was chosen by Lamudi.
Notable winners include Evelyn Samaniego who was named Lamudi Broker of the Year for Luzon and Miyabi Realty for Lamudi Broker of the Year for Luzon.