The PropTech company Ohmyhome is expanding its services to The Philippines the company announced today. Ohmyhome is a platform that serves as a portal site as well as offering all kinds of services related to property transactions such as agency, moving services, loans and legal services.
Founded in 2016 by sisters Race and Rhonda Wong, the company started with some success in its native Singapre before expanding last year to Malaysia. In expanding to The Philippines, Ohmyhome aims to fill a gap in a market which despite a lack of transparency and unreliable agents, does have huge growth potential and property appreciation. Speaking of her company’s latest expansion, Rhonda Wong said:
“We believe that The Philippines property market will remain resilient as there is a huge unmet demand for housing and investors are still interested in property for long-term investments. When Community Quarantine measures are lifted in The Philippines, we expect to see a surge in property deals arising from pent-up demand from buyers.”
Ohmyhome’s expansion may also be good news for investors from the two countries as it opens up an avenue to view and purchase property in The Philippines for Singaporean investors and vice versa. The company is aiming for 2,000 listings and 40 transactions in its new market in the first quarter of operations there.