Real Estate Beauty Festival

Summer is over but the temperature is still rising, particularly at the Philippine Real Estate Festival as it presents 24 gorgeous young women vying for the title of Miss Real Estate Philippines on July 25 at the SMX Mall of Asia.

The second annual beauty pageant intensely screened over 200 young women before coming up with the list of official candidates who will represent the country’s top real estate builders and developers.

In the process, these young women will immerse in all areas of the real estate industry. They have been busy with a crash course on the state of real estate, and with seminar-workshops that educate them on why real estate industry is a vital in Philippine economy.

During the press presentation of these real estate beauties at the Lancaster Suites in Mandaluyong City, the media had a closer look at each of the candidates as they strutted their stuff and flaunted their curves in skimpy yellow bikinis.

“Believe me, Miss Real Estate Philippines is more than just a beauty pageant. It’s beauty pageant for a cause. The winner will be the ambassadress of real estate industry in the Philippines. She will help and spearhead the outreach projects that will provide homes to the most disadvantage social sector,” PREF chairman Rosemarie Basa said.
Filipino-Australian Rose Cel Aguilar, last year’s winner, will relinquish her crown to the winner who will receive valuable prizes that include cash and a house and lot. She will also represent the country in the first-ever Miss Real Estate Asia pageant that will be held in November.

Miss Real Estate Philippines is just one of the components that anchors the 2008 Philippine Real Estate Festival. The rest of the activities will officially open on July 26.

This three-day spectacular event will commence with an exhibit that will bring together 150 of the country’s biggest and most trusted real estate development companies and projects, finance institutions, suppliers, contractors, and professionals.
Fiesta Pinoy, which serves as the official closing of the festival, will combine indoor games, contest, raffles, disco dancing, mini-parade, and a musical concert for the amusement and entertainment of exhibitors, patrons, and guests.

One Comment

  1. Posted July 24, 2008 at 4:06 am | Permalink

    Currently, there is a slowdown in the number of transactions happening within the industry. There is a shortage of funds and thus a lot of developers and buyers are all in the wait and watch mode. The rise in home loan interest rates combined with inflation has caused a slowdown in the middle level demand; however, the luxury level demand has not been as affected. There are some builders who are not yet compromising on their prices, and these builders with greater holding power are expected to hold out for another 6-8 weeks before yielding. Foreign investors too are adopting a cautious approach now and are waiting for developers to improve their own functioning before stepping in. Better locations for malls, high streets, commercial complexes are preferred. Since the traditional commercial mortgage spaces are too costly, alternative locations are being looked at. India tier 1 cities have increased in the transparency index; however there is still a lot to be done before we compete with the international market. Our standard policies need to improve, currently except for SEZs and townships; there is no single window format in place. FSI (floor space index) is also a major problem, coupled with cash transactions and speculators, the real estate sector is seen lacking. Currently, investors are also a lot more intelligent. Also, with the foreign interest Indian property receives, builders are put under more testing conditions. This a clear indication that there is still a lot of hope in the industry, investors are coming in too, but are more careful in terms of proper valuation and appraisals.For more view-

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