LAMUDI Philippines and RLC Residences renewed their partnership agreement, amid a more positive property outlook.
Top executives from the property developer and the real estate platform signed the new contract at the City Life Gallery in Robinsons Galleria.
Lamudi Philippines Managing Director and CEO Kenneth Stern said demand for condominium projects has increased by 20% since the government eased restrictions in February.
“The Magnolia Residences in Quezon City is doing very well because QC has historically been our most viewed and most transacted area. It continues to be that way even through Q1 this year,” he said.
“Overall, the pent-up demand has been somewhat released, but I do think that over the next quarter and even the second half of the year, we’ll see pent-up demand further drive the economy with a stable industry like real estate.”
RLC Residences Senior Vice-President and Business Unit General Manager John Richard Sotelo said Woodsville Crest and Amisa Private Residences are two other RLC projects that will be highlighted under the partnership.
RLC Residences recently broke ground on Sierra Valley Gardens in Cainta, Rizal.
