Property-technology company Revolution Precrafted said Wednesday it is now open to selling designs of modern pre-fabricated homes to developers.
Revolution Precrafted said in a statement the company was pivoting towards licensing property developers and end-users who would like to use the designs for their own homes or projects using their own contractors.
Revolutionary Precrafted founder and chief executive Jose Roberto Antonio said the company is an intellectual property-based firm founded on the idea of making world-class designer houses accessible, practical, fast and affordable especially for a rapidly expanding middle class.
It supplies property developers with limited-edition designer homes whose international marketing rights Revolution Precrafted acquired. In 2018, the company started to offer the option to construct the houses it designed to widen its reach.
“How we pivot now involves leveraging on our IP or intellectual property—the compelling designs that are really at the heart of our enterprise—and licensing them to any developer or end-user who would like the designs for their own homes or projects using their own contractors,” said Antonio.
“Our pivot entails focusing on what is truly Revolution Precrafted’s core business—selling designs,” he said.
Antonio said the company started to settle its obligations to suppliers, contractors and home buyers.
Majority have since been put to rest and we are fulfilling our obligations to clients and suppliers where these contracts are deemed due or expired indeed,” said Antonio.
The company with its partner property developers jointly advised home buyers to coordinate directly with the developers concerned to resolve remaining concerns.
“We thank Revolution for attending to our concern. It has been challenging with the pandemic, but we were able to resolve the issues together, and we are pleased with the positive outcome,” said Clarence De Guzman, a representative of Dsl Gam Enterprises, also a preferred supplier of Revolution.
Several contractors and suppliers of Revolution Precrafted earlier filed complaints with the National Bureau of Investigation for alleged P151 million worth of questionable deals.
Revolution Precrafted is the first and only property-tech startup in the country.