CEBU, Philippines —  At least 400 Filipino real estate stakeholders are joining the first Asian Real Estate Summit this July 14, 2023 in Bangkok, Thailand. Organized by Cebu-based Filipino Homes, the one-day summit is a  gathering of real estate stakeholders composed of brokers, salespersons, real estate companies and business leaders, aims to discuss issues and trends in the industry amid a digital-driven economy.

To be held in Amari Watergate Hotel in Bangkok, Thailand, the event will be anchored on the theme: “Revolutionizing the Real Estate Industry: The Power of PropTech and Digital Marketing in Asia. “This real estate summit is not just about Cebu but about the Philippines. We are congregating all leaders and stakeholders in the real estate industry, including promising real estate developers to come together to educate, share best practices, innovate, and inspire,” said Anthony Gerard O. Leuterio, founder and president of Filipino Homes.

Cebu Landmasters, Inc. (CLI) and Weecom Developers Inc., two of the country’s fastest-growing real estate companies today have confirmed to attend the summit. According to Leuterio, the summit is a perfect platform for real estate professionals to exchange ideas and impart industry knowledge. “This summit will play a key role in equipping our partners in the industry with the right tools and technology to address the ever-changing needs of the industry,” Leuterio added.

Besides CLI and Weecom, which are expected to speak at the summit, Filipino Homes also tapped one of Bangkok’s biggest online companies to talk about innovation in today’s digital economy. “There will be an exchange of ideas. We will share our strategy for selling properties and at the same time, our counterparts in Thailand will also share industry practices in selling properties in their country,” said Leuterio. “We believe that the future is about shared values and strategy because of the Asean connectivity.”

Leuterio underscored that the summit also aims to prepare real estate professionals for the abounding real estate opportunities outside of the Philippines. “We want to groom our agents to sell properties in Asia, the Middle East, and South America. This is our first step in immersing them in the culture of the international market,” Leuterio said. Overseas Filipino workers are the country’s top real estate buyers. They invest their hard-earned money to purchase residential properties, mostly condominiums for end-use or as a source of passive income.

According to the Bangko Sentral ng Pilipinas, money sent home by overseas Filipinos (OF) for the first quarter of 2023, rose by three percent to $8.91 billion from $8.65 billion recorded in the same period in 2022. Cash remittances coursed through banks in the first quarter stood at $8 billion, with growth coming from the United States, Saudi Arabia, and the United Arab Emirates.