Lamudi collaborates with Davao City government to promote real estate trends and best practices to homegrown brokers
Suresh with DIPC representatives and Davao media
In a bid to further strengthen the real estate industry in the city, the local government of Davao , through the Davao City Investment Promotion Center (DCIPC), has recently partnered with top real estate website Lamudi to train Davao’s homegrown real estate brokers and gear them up for the digitization of real estate marketing.
Effective use of technology such us selling online is considered one of the best practices in real estate selling today. With this, Lamudi spearheaded a thought-leadership session for Davao-based real estate brokers, giving efficient ways to reach more property-seekers via digital marketing.
Dubbed “Real Estate Is at Its Peak,” the brokers activation and seminar was held last August 10 at the Marco Polo Hotel. Lamudi speakers flew to Davao to train and impart their expertise to Davao brokers, headed by Bhavna Suresh Chathambeth, Managing Director of the Lamudi Group.
Lamudi Group’s Managing Director Bhavna Suresh Chathambeth
“Davao City has been in the spotlight as one of the prime centers for investment and tourism in the country today. Tourists and investors visiting Davao City are seeking for areas where they can reside during their stay in the city. With Lamudi opening its doors in Davao City, opportunities for both brokers and buying market are made easier,” said Lemuel Ortonio, Officer-in-Charge of the DCIPC.
“Now that majority of businesses are going online, DCIPC lauds Lamudi’s initiative to create a linkage between Davao City brokers and online property-seekers and shift the city’s real estate landscape in a digital platform,” Ortonio added.
“Assisting Davao real estate in going full blast online is a proud feat for Lamudi. We are making history by gradually shifting the industry from its traditional practices toward easier, faster and more convenient real time transactions,” shared Ms. Suresh.
“Doing this hand in hand with the Davao government signals that the Davao property sector is certainly looking at very bright prospects in the years ahead,” Ms. Suresh explained.
Davao Real Estate
Lamudi analyzed its onsite search data in 2016 and found that the page-views for Davao City properties averaged 48,000 per month, while the monthly average for the first six months of 2017, however, increased to 53,000. In addition, the global real estate website predicts search traffic for Davao City properties to grow 2.41 percent per month over the next 12 months.
Both local and international investors remain bullish on the high potential of Davao and Mindanao. A number of real estate developers and workspace solutions providers, who have set up offices in Davao, attested that they are receiving high renewal rates of investors particularly in office space. They also continue to welcome new investors who believe in the fast-rising economy of Davao.
Lars Wittig, Country Manager of Regus Philippines, said in a news briefing that in June 2017 alone, Regus’ Davao City branch signed up seven new clients and 48 workstations. Because of this, Davao is considered one of Regus key offices in the country as it records an 82 percent occupancy rate.
Data from the Philippine Statistical Authority (PSA) also showed that the Davao Region’s economy grew 9.4 percent in 2016, from 8.2 percent in 2015. According to Ms. Suresh, this impressive GDP growth and Davao Region’s huge potential will play a vital role in the region’s already flourishing real estate industry.
Bhavna Suresh has 6 years of professional experience across 5 countries in entrepreneurship, operations, business strategy & development, digital marketing and general management. Today, as the managing director of Lamudi Philippines, she is leading a team of 80 incredible individuals and driving its success to maintain the position as the number one real estate portal in the country.
ABOUT LAMUDI
Lamudi is a leading global property portal focusing exclusively on emerging markets. It offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online. Lamudi was established in 2013 in Berlin, Germany, and it is currently available in Asia (the Philippines, Bangladesh, Indonesia, Myanmar, Pakistan, and Sri Lanka), Latin America (Mexico, Colombia, and Peru), and the Middle East (Jordan, Qatar, Saudi Arabia, and the United Arab Emirates). Within fewer than three years, Lamudi has established its presence as a key online real estate marketplace in the countries where it is operating. For more information, visit Lamudi Philippines on Facebook, Twitter, Google+, LinkedIn, and Instagram.
