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Making Real Estate Easy for Everyone
Hello All,
These are the answers for the queries stated on the previous threads and pages.
With regards to Focus Group Discussion (FGD),
Our FGD is open to all. Real estate brokers or agents, licensed or non-licensed. Property owners/sellers, property investors/buyers, property developers, property managers, bankers, government officer or even a non-real estate person is welcome to join.
Our FGD discusses the possibility of disrupting these real estate players in the Philippines. Our main objective is not to threaten them but to onboard them and join in our cause. We are aiming to create a complementing ecosystem wherein all these people can easily transact real estate deal with efficiency, accuracy and security.
So, if you know people who are into real estate, you may invite them to attend our weekly Focus Group Discussion which is held at 805 One Global Place Bldg., 5th Avenue Corner 25th Street, Bonifacio Global City, Taguig, Philippines 1630. The time is 2PM - 5PM (GMT+8)
With regards to other information about C Estates and the current updates,
We are about to release some of our public materials within the upcoming weeks, website included. The team is very busy since the start of this month in different things such as marketing, meeting with potential investors and potential strategic partners. We've already onboarded real estate brokers, individual sellers, property management company and even property developers to join our cause. We also have the listings of properties that are all ready to be sold within the platform soon as we go live.
With regards to legal matters,
Everyone is right, real estate is the most regulated class asset not only in the Philippines, but of course around the world. That is why, as much as possible C Estates would like to be regulated since we are dealing with real estate properties. We are in the process as well of acquiring necessary licenses in order for us to make sure that we are doing things right and legal. Dealing with real estate entails a lot of legal hurdles, thus one of our biggest challenge, but with the help of our legal counsel that has expertise in real estate, taxation, accounting and financial technology, we are very positive and confident that we can pull this off. Not to mention, our company has been dealing with real estate transaction with Bitcoin and other cryptocurrency as the mode of payment for quite some time already.
Why did we use NEM?
We actually considered using other protocols such as, of course Ethereum as the first choice, followed by NEM and Polymath. But, as per checking the business need of our model, it will not be viable for us to use Ethereum since we are dealing with real estate which can have a lot of unexpected things to possibly happen from time to time during the transaction.
We decided to use NEM because it is easy for our developers to build the system and integrate everything with the use of restful APIs, it is also less time consuming and cost effective for us since we don't need to hire solidity programmers which might cost a lot and not very practical for a startup who didn't have an ICO. Our approach is to provide the platform and the product first before we go to the public and ask for their contribution to help us further improve C Estates.
With regards to our advantage compared to other Real Estate blockchain projects,
Everyone is correct that C Estates is not the first real estate blockchain project that ever existed, the concept of tokenizing real estate is also not new, but as for the competitive advantage, I want to highlight and emphasize this: C Estates is NOT a Blockchain or Solutions company that provides solution for real estate. We are a REAL ESTATE company. Our team composition is a combination of two worlds; Real Estate (traditional business - offline side) and Tech Guys (Technologist - online side) that has all the necessary experience and knows all the work around. We are composed of real estate consultants, brokers, sales agents, appraisers, property managers, property developers, real estate tax lawyers and real estate accountants. We pretty much have it covered with our expertise and industry experience and we think those are the things that can't be easily copied by other projects.
For more updates and real time answers
Please join our Telegram channel at t.me/cestates_io
Thanks all for the support, we will soon launch C Estates and together, let's make a difference.