IATokens

With almost everything currently going digital, the real estate market will not be an exception to this technological shift. The Instant Assets Tokens (IAT) will revolutionize the industry as the first real estate tokenization project in the Philippines which has the potential in making real estate investments easier and more accessible for everyone.

It will allow property owners to increase liquidity using the blockchain platform that eradicates traditional barriers. This will also provide a great deal of transparency and immutability to the real estate through the tokenization.

Also, it is important to understand where we are standing as per the PropTech innovation map and the World Economic Forum classified the PropTech sector into three major categories:

• PropTech 1.0: Growth of online listing sites back in 2007.
• PropTech 2.0: Use of data analytics and virtual reality to offer better and more specialised services for customers.
• PropTech 3.0: Experimentation with emerging technology such as drones, virtual reality tools, IoTs and blockchain which are observing in recent days.

Apart from all these, the IAT Team understands the current market revolutions and will be focusing on the trends in the current PropTech 3.0 ecosystem.

At the start of the year, it was forecasted that the Philippines property market will remain resilient and maintain its growth, saying that flexibility will be the name of the game due to strong demand and evolving preference of the tenants.

However, there are still looming issues and challenges that threaten to hamper the industry’s development as time goes by, which can be prevented by series of solutions. Some of the problems are:

1. Rising interest rates. At the first quarter of this year, the prices of the residential properties in the Philippines experienced a slight correction due to the increase of the bank interest rates. The rising interest rates could dampen the impact of low to mid-income residential demand. According to Colliers, there is a slowdown in the condominium launching as it is surrounded by the increase.
2. Construction delay. There is an expected increase in infrastructure spending of 7.3 percent of the country’s gross domestic product in 2020. However, due to the implementation of various public projects and the acute shortage of skilled workers who will work upon it, the private construction will be expecting some delays.
3. Implementation of the tax reform program. The first package of the program had a negative impact already in the business field. As for the Philippine property market along with its second package of implementation, it could have an effect since it reduces the corporate income tax rates and rationalize tax and non-tax perks granted to foreign investors.
4. Increased borrowing costs. Due to inflation, outstanding loans already granted by foreign currency deposit units of banks fell to $16.1 billion at the end of September, which is already $419 million higher compared to the end of June. It curtails consumer spending that accounts for 60% of the country’s economy.

Most market watchers believe that the tightening of monetary policy, which increases liquidity to create economic growth, could dampen the property stocks. Emerging hotspots in the Philippines have significant contribution that will help to drive up the Philippine real estate sector.

Even with some issues hindering the growth of the Philippines property market, it will still remain resilient for the next few years since there are more and more demand for properties. Transaction values of condominium prices in Metro Manila will continue to be driven by demand from mainland China investors, and a boom in warehousing demand in the logistics market from online retailers will be experienced.

Join/follow IATokens on all official channels:
🔹 Twitter:
https://twitter.com/IA_Tokens

🔹 Facebook :
https://www.facebook.com/IATOfficial/

🔹 Telegram:
https://t.me/iatokens

🔹 Telegram Announcement Channel:
https://t.me/iatokensann

🔹  Reddit:  
https://www.reddit.com/r/IAToken/

🔹 Medium:
https://medium.com/@IATokens

🔹 Linkedin :
https://www.linkedin.com/mwlite/company/instant-assets-tokens

Author : Beat putih

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