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Lamudi reports successful property auction at its recent housing fair

By Ciara Alarcon - on 25 Nov 2016, 2:06pm

Lamudi reports successful property auction at its recent housing fair

Dr. Eduardo G. Ong (third from right) Chairman of the Professional Regulation Commission - Board for Real Estate Service opened the Lamudi Housing Fair together with Jacqueline van den Ende (third from left), Managing Director of Lamudi Group Philippines, 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 Corporate Partnerships of Lamudi Group Philippines.

Lamudi Philippines reported a successful property auction at the Lamudi Housing Fair held last November 18 to 20 at SM Megamall in Mandaluyong.

Opened by PRC Board of Real Estate Service Chairman, Dr. Eduardo Ong, the Lamudi Housing Fair was attended by 2,500 visitors and had a successful return in sales.

The Lamudi Housing Fair was attended by interested home buyers, investors, property bidders, and seminar attendees.

Colliers International Philippines Research Manager Joey Bondoc talked on current market conditions and where the biggest investment opportunities can be found. He also discussed his outlook regarding the most profitable real estate locations in the Philippines.

“The event offers great opportunities for home buyers and well participated by real estate players,” Dr. Ong said, as he welcomed guests and the press in the first day of the three-day event.

My Saving Grace Realty and Development Corporation, one major partner, generated a total of PhP 25 million worth of properties sold during the event’s property auction.

“This proves that many Filipinos are appreciating the investment yield of foreclosed properties and we are now seeing a new trend in real estate buying  in the form of property auctions,” Jacqueline van den Ende, Managing Director of fair organizer Lamudi Philippines and MyProperty.ph, said.

Other event highlights were the full-house investment and homebuying seminars conducted by industry experts and the discounts offered by various developers and other real estate-related companies.