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Tuesday, March 19, 2024

Property auction scores big hit

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More than 2,500 visitors attended the recent housing fair organized by propery portal Lamudi Philippines at SM Megamall. Homebuyers, investors, property bidders, and seminar attendees dropped by for investment and homebuying seminars conducted by industry experts, as well as discounts offered by various developers and real estate companies. One major partner, My Saving Grace Realty & Development Corporation, generated a total of Php25 million worth of property sales during the event’s property auction. “We are now seeing a new trend in real estate buying in the form of property auctions,” said Jacqueine van den Ende, managing director of Lamudi Philippines and MyProperty.ph. At the opening of the three-day event were Dr. Eduardo G. Ong (third from right) chairman of the Professional Regulation Commission – Board for Real Estate Service; Jacqueline van den Ende (third from left); Claro Cordero, associate director for research, JLL (second from right). Also present were (from left) Ma. Cristina Cruz, senior account manager of Lhoopa Inc.; Armie Nozal, senior project consultant of Solid Pattern Homebuilders Corp.; and Gilles Hage, head of Lamudi’s corporate partnerships.

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