Tokenized real estate: A better way to buy and sell properties
Are you a retiree who wants to live in the Philippines? Are
you a businessman looking for properties to purchase? Did you know that there’s
a better, faster, and safer way to do this? Welcome to the world of C Estates
Inc.!
Housed at One Global Place in Bonifacio Global City in
Taguig, C Estates will soon launch its tokenized real estate exchange platform
that will make buying and selling properties easy for everyone. By using the
platform which is based on blockchain technology, the company hopes to create
attractive investment opportunities in the Philippines.
As the name implies, tokenized real estate means that
ownership interest in real estate is represented by virtual tokens that exist
on a blockchain. This is the same technology used in popular cryptocurrencies,
but tokenizing real estate complies with security regulations.
Among others, the token can represent ownership in the asset,
equity in the legal structure that owns the asset, or income based on cash
flows from the asset. This is a far cry from the old and outdated way of
regular real estate transactions that take time and rely heavily on documents.
By using the C Estates platform, investors can buy shares in
various properties, earn rental income based on the tokens they have, and sell
tokens at a higher price when the value of the property increases.
Tokenization and the blockchain have many advantages over traditional
real estate methods like increased liquidity and transparency, enhanced
security, and simplified management. However, some people may find it
difficult. Fortunately, C Estates is here to make things easy.
“We hope to break the barriers that prevent investors from
doing business in the country. I envision the platform to be a complete
ecosystem and marketplace in the digital world where real estate companies can
do business fast, easily, and securely. In this system, everyone wins because
everyone will earn,” according to Teruo Sumida, C Estates founder and CEO.
“With the help of C Estates, investors from all over the
world can buy local properties at the best prices, liquidate them anytime, and
pay minimal transaction fees. Unlike the traditional way of doing things,
buyers and sellers will have peace of mind,” he added.
Sumida is no stranger to the local real estate market. The
young head of C Estates has lived in the country for the past 15 years. He
started an online gaming company in 2003 and sold it in 2008 to concentrate on
real estate.
“The Philippines was not affected by the financial crisis and
the market had a big potential. I introduced local properties to Japanese
investors and sold 2,000 condo units in Makati in the first five years. We have
very affordable payment terms for OFWs until the condo is completed, and these
attracted a lot of foreign buyers,” he explained.
Sumida and his hardworking staff speak from their experiences
as property consultants for foreign-owned condominiums in the country.His team
with the Capitarise Corporation once managed Versailles Stay at One Central, a
high-end condotel mostly for foreigners in Makati City, and The 8 Newton that
offers properties in Cebu for Japanese retirees. This project is in partnership
with Megaworld Corporation, one of the most recognized and top developers in
the country.
“We started as a traditional real estate company, but we
found a better way of doing things. Investors no longer need to contend with
long lines, wasted hours, and tiring legwork to confirm and validate documents.
With C Estates, you can do everything online and all you need is the tip of
your finger,” Sumida concluded. For more information
about tokenized real estate, visit https://cestates.io/or email info@cestates.io.
0 comments