Property technology platform Ohmyhome of Singapore announced its entry into the Philippines as it aims to corner a significant market share of the local office and residential space market with the goal of realizing P2 billion in transaction value this year.
Ohmyhome chief executive Rhonda Wong said the company was bullish about the Philippine property sector that has grown by leaps and bounds over the last few years.
“We can serve more than 50 percent of the housing market in the Philippines. We target about 5,000 to 10,000 transactions over the next few months which could mean multi-million dollars’ worth of transactions,” she said in a virtual soft launch Thursday.
The Philippines is the third Asian country to host Ohmyhome after Singapore and Malaysia. The company created a Philippine team composed of agents and property data experts who handle domestic operations like requests for personal or face-to-face assistance for listings and transactions.
“We are very different from property classified platforms. Our focus is not on advertising but on helping customers transact,” Wong said.