ViCon, The first and biggest virtual property Expo in the Philippines
24 June 2021
Along with the significant acceleration of digital transformation, the Villar Group embraced that going digital will be a good move for the real estate industry. Consequently, the Villar Group brought the first and largest real estate virtual expo on June 24, 2021.
The event is called ViCon (Villar group Convention). Villar group has gathered different reputable brands namely; Vista Land, Golden MV, Brittany, Camella, Crown Asia, Vista Residences, Vista Malls, Bria, Lumina, Lessandra, Camella Manors, and Golden Haven.
Despite the current situation of our country, the Villar group provided opportunities to the participants to learn more about real estate properties. Moreover, the event has discussed the following: Real Estate update, Furnishing Affordable homes and Condo Interior, Real estate as Investment, millennials and their take on Home Investments, and Financing Your Home Series. With the expertise of different speakers, Joey Bondoc, the research head of Colliers Philippines; Doris Dy, a Design Director of AllValue Holdings; David Leechiu, CEO of Leechiu Property Consultants Inc.; and Pam Pastor, Editor in Philippine Daily Inquirer, the participants will be learning great insights in the real estate industry.
On the first day of the event, Chairman Manny Villar emphasize that the Villar Group decided to expand and go further despite the pandemic. In addition to that, he assures that visiting the malls of the Villar group would leave quite an impression on everyone and suggested the participants see it for themselves. Since it's always been the Group's passion to contribute to the improvement of the lives of the Filipinos, the Villar Group felt the need to bring ViCon to their clients and get what they deserved.
ViCon Webinar Series 1
During the event, speakers gave their insights on different topics that solidly enticed the participants. Moreover, the participants experienced such an amazing virtual tour with the chance of winning amazing prizes by scanning QR codes.
Real Estate Industry Update
The first speaker provided an overview of the current situation of the real estate industry. The speaker highlighted how the pandemic disrupted the industry. Several condominium project completion were affected. As a response, the developers offered discounts ranging from 3-16% on pricing, 10-20% downpayment instead of 30%, extended payment terms, no reservation fees, and no rebates for selected projects. Despite the pandemic impact on the residential market, developers were able to respond by targeting young professionals and families, maximizing online platforms for efficient transactions, strategically locating developments, creating residential developments more suitable for work-from-home. Furthermore, the speaker also mentioned the market recovery enablers such as flexible and attractive payment terms, stable remittances from OFW's, the success of vaccine roll out in the country, and faster economic growth in 2021. Lastly, the speaker emphasized that the buyer must take advantage of attractive payment terms, choose units near new infrastructure projects, and pick units that are adaptable to the work-from-home scheme.
Furnishing Affordable Home and Condo interior
After the update in the industry, the event also covered furnishing affordable homes and condo interiors. With the expertise of the speaker, the participants gained tips for affordable home and condominium interior designs. In particular, the speaker showed how the pandemic changed the way people design their homes. Also, the presentation includes all kinds of the setup of different real estate brands where participants can get a grasp of designing their own home.
Real Estate as Investments
ViCon participants are not only home seekers but also investors. So the following speaker illustrated real estate as an investment in a very informative way by providing details such as value appreciation. In addition, the recovery of the Philippines is significant to the real estate industry. Moreover, the drivers of the country's recovery are the fiscal fundamentals, infrastructure projects, world-class tourism destinations, retail market recovery, and timely government fundraising, these affect the real estate market. To sum it up, the decline in the real estate market seems temporary, and the market is expected to stabilize once the restriction ease and vaccine rollout speeds.
Millennials and Their Take on Home Investments
A different approach is what Millenials are known for when it comes to home investments. Previously, young adults buy home investments for the sole reason that they are getting ready for marriage. However, Millenials purchase a home investment with a different purpose, and notably, they are putting marriage aside. As mentioned, Millenials are eager to buy home investments to do things of their free will. Moreover, they are not stereotypical when it comes to their career, and some of them purchase home investment as early as possible regardless of whether they are working a 9-5 job. To conclude, home investment is valuable to Millenials at an early age, regardless of whether they have a stable job, they can still pay their investments and could be career-wise.
Financing Your Home Series
With the passion of the Villar Group in contributing to the improvement of the lives of the Filipinos, they have partnered with financial institutions, namely AllBank, BDO, RCBC, UBP, and Pag-IBIG Fund. In the last part of the webinar, each institution explained loans that the participants could avail of, requirements, processes, and promos.
Throughout the convention, the participants and the speakers were able to interact. After the event, the participants are more likely to seize their opportunity when buying a real estate property whether it's a home or an investment. With the combination of best deals offered by the different brands and best loans offered by the partnered banks, home buyers and investors could easily acquire their desired property.
Finally, the event was a success and still looking forward to providing more opportunities and prizes on the second day of the event. As mentioned, ViCon is just one of the many projects, and the Villar group wants to emphasize that they value their clients.
On the following day, the different brands will be presenting their promos and best offers. The promos are only valid on the day of the event and for those who have attended. Many prizes and offers await you on the second day of the event. Hurry up and Register now: https://vportal.ph/
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