Lamudi, the Philippines’ leading online real estate platform, recently hosted The Outlook 2018 gala dinner and awards presentation at the Makati Shangri-La last November 15, 2018. In its second year, The Outlook 2018, co-presented by Philippine Daily Inquirer Property, once again recognized the best real estate developers and projects in the past year.
Lamudi Co-Founder and global CEO Kian Moini opened the evening with a major announcement–that Lamudi recently welcomed two new investors, leading global media companies Axel Springer SE and Ringier. According to Moini, “the majority of funding can and will be spent on growth given the company’s comfortable financial situation and a clear path to breakeven.”
Budget Secretary Benjamin Diokno delivered the evening’s first keynote, highlighting the country’s sound economic fundamentals and sustained investment grade rating.
Meanwhile, Bangko Sentral ng Pilipinas Deputy Governor Diwa Guinigundo shone the spotlight on real estate as a key driver of economic growth–underscoring that the industry is far from overheating and that the central bank sees no evidence of asset price bubbles.