![](\"http:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/Businesstimezone.com_.jpg?fit=740%2C616\")
\nTech bigwig Paul Philipp Hermann shares his insights on Southeast Asia\u2019s booming online real estate sector<\/p>\n
\nTech bigwig Paul Philipp Hermann shares his insights on Southeast Asia\u2019s booming online real estate sector<\/p>\n
Paul Philipp Hermann, global co-founder and managing director of Berlin-based real estate network Lamudi, recently spoke with Property Report about his emerging market predictions for the New Year.
Tech bigwig Paul Philipp Hermann shares his insights on Southeast Asia\u2019s booming online real estate...<\/p>\n","protected":false},"author":1,"featured_media":1149,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-1148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/Businesstimezone.com_.jpg?fit=740%2C616&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-iw","jetpack-related-posts":[{"id":2201,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cross-border-investors-in-apac-prefer-liquid-markets-in-2016\/","url_meta":{"origin":1148,"position":0},"title":"Cross-border investors in APAC prefer liquid markets in 2016","date":"January 21, 2016","format":false,"excerpt":"\r Australia, Japan and China are the solid\u00a0choices Over the next 12 months, global cross-border investors in Asia-Pacific are expected to maintain their confidence in the region, despite some economic concerns, per the latest \u2018Global Investor Outlook Report 2016\u2019\u00a0from Colliers International. 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\nAccording to Hermann, 2015 was a big year for Lamudi in Asia, with constant improvements made to its website and mobile applications, as well as the acquisition of the MyProperty.ph brand in the Philippines and PropertyKita in Indonesia.
\n\u201cWe have even bigger things planned for 2016 and a continued focus on our Asian markets is a part of those plans,\u201d he said.
\nHere\u2019s the rest of our conversation with the Lamudi co-founder:
\nGive us a brief background on what happened last year. What were the biggest issues that Southeast Asia\u2019s online real estate industry faced in 2015?
\nThe biggest issues in 2015 were internet accessibility, lack of market transparency and the preference of agents and developers for maintaining their use of traditional offline methods of conducting transactions.
\nPaul Philipp Hermann, Lamudi\u2019s co-founder and managing director
\nHowever, in countries like Indonesia and Myanmar, internet penetration increased dramatically in 2015, in many cases doubling since 2014. There is a growing preference among consumers for mobile internet access, which we predict will lead agents and developers to acknowledge the value of doing business online.
\nAlthough lack of market transparency is a continuing problem, it is on the decline thanks to the help of government regulation and involvement from online giants like Facebook and Google, who empower consumers with easier access to information at low bandwidths.
\nBased on your estimate, how many online real estate users are present in ASEAN?
\nAs we currently have a presence in only three ASEAN nations \u2013 Myanmar, Indonesia and the Philippines \u2013 we don\u2019t monitor these statistics for the entire region. However, we estimate that the number of overall Internet users in the ASEAN markets where we do business to be about 132 million, which is approximately 30 percent penetration \u2013 an increase of more than 10 percent since 2014.
\nIn addition, our research shows that real estate transactions in the Philippines make up approximately 11 percent of GDP; Myanmar real estate makes up about three percent, and Indonesia\u2019s comes to around seven percent. This amounts to approximately 95 billion USD.
\nMore: Meet the woman who is helping to shape the Philipppines\u2019 online real estate revolution
\nThe region recently witnessed various national elections take place, and this 2016 it will be the Philippines\u2019 turn. How has politics and political reforms impacted the property portal industry?
\nNaturally, policy changes in any market have both a direct and indirect effect on the real estate industry, including online property portals. During the elections in Myanmar last November, there was a slowdown in the industry due to the uncertainty of upcoming changes in real estate taxes and government policies.
\nThis is not uncommon in the emerging markets, and it usually resolves itself once investors and property hunters become more comfortable with new policies. Myanmar\u2019s new democratic government is certain to be a boon to the industry. Likewise, Indonesia real estate, especially in Bali, is expected to surge after limitations on foreign investment are lifted.
\nThe progress of Southeast Asian real estate is affected by changes in foreign countries as well. For example, when the central bank of the United States raises its interest rates, it has an effect on emerging markets that have dollar-based loans, which subsequently has an effect on real estate values.
\nWhere do you think is the next real estate hot spot in Southeast Asia?
\nIn our opinion, the next real estate hot spot in Southeast Asia will not be a single locality. The biggest gains and progress will be found in emerging cities and will slowly move away from large cities like Jakarta and Metro Manila. Naturally, hot spots depend on property type as much as they depend on location. In the Philippines, the next hot spot for residential properties will be Boracay, currently the most popular vacation spot in the country.
\nIn contrast to the growing popularity of emerging cities, megacities will never go out of style as they offer the convenience and efficiency of urban design and planning. For example, Yangon is receiving a lot of attention right now for its commercial real estate possibilities. Developers from Thailand and Vietnam are now entering the market, and other nations are expected to follow.
\nWhat are your boldest predictions for the property industry in Southeast Asia for 2016?
\nLamudi\u2019s boldest predictions for Southeast Asia in 2016 are that mobile technology and rising foreign investment will change the face of the market. Mobile devices and apps will have a huge influence on how people conduct real estate transactions. Foreign investment in both infrastructure and real estate development projects will grow substantially.
\nWe predict that mobile apps, especially in the early stages of property hunting, will guide prospective buyers, renters and investors through the process, creating an abundant amount of leads for agents and developers. Although mobile and online-based real estate will never fully replace traditional methods, the majority of property hunters will start to look to apps and websites as a first step.
\nForeign investment in Southeast Asia is also expected to rise greatly as the ASEAN is fully integrated into a single economic bloc. If the real estate markets of nearby nations like Pakistan are any indication of Southeast Asia\u2019s future, it is expected that economic giants like China and Russia will become increasingly involved in the sector.
\nNow read: The winners and losers in ASEAN real estate in 2015
\n
\nSource : property-report.com
\nRead more…Emerging market predictions in 2016 from Lamudi\u2019s co-founder<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"