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Philippines: Proptech Revolution Precrafted seals deal with Peruvian Builders & Realtors

By Editor 0 Comments NEWS, Uncategorised

Philippine-based start-up, Revolution Precrafted, is looking to blaze a trail in the emerging sector of property technology by supplying limited-edition, luxury prefabricated homes to a global market.

Not long ago, Revolution Precrafted became the Philippines’ first “unicorn”, a start-up valued at more than US$1 billion, amid efforts to bring its luxury prefabricated houses into 25 countries by the end of this year.

Recently, Revolution Precrafted further increased its global footprint after sealing a deal in Peru with developer Builders and Realtors.

Peru becomes the 16th international market for the company, considered as the fastest growing start-up in South East Asia. It is also the latest market for the property-tech company, who already has a presence in Brazil, Ecuador, Puerto Rico, and El Salvador.

“There is a substantial demand for quality homes in Latin America. We believe that there is a great opportunity for the company to further increase its presence in the region. We hope to be present in 3-5 more countries in Latin America before the year ends. We will be back to complete our Latam roadshow,” said Revolution Precrafted Founder and CEO Robbie Antonio.

Based on the agreement between the companies, Builders and Realtors are purchasing 50 luxury curated country villas ranging from 200 to 300 square meters for the first phase of the agreement. The total number of villas is expected to reach a total of 90.

The units will range from $140,000 to $310,000 in prices. The homes will be constructed on lot sizes ranging from 700 to 1,000 square meters.

Read more here.

 

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