C Estates connects people around the world to seamlessly transact and conveniently buy and sell real estate properties. Whether to verify a document, confirm notarization, validate asset’s ownership, buy or sell a property or finding someone to manage properties, C Estates has got everything you need to do your business in one place.
Afghanistan, Bosnia And Herzegovina, Cayman Islands, Democratic People’s Republic of Korea, Ethiopia, Iran, Iraq, Pakistan, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, Uganda, the United States of America, Yemen.
C Estates’ backbone is Capitarise Corporation, a property management consulting company in real estate that established their expertise in pioneering cross-border transactions. They have a wide Japanese clientele and pride themselves to being fast, efficient and professional in bridging foreign businessmen to invest in the Philippines. To date, Capitarise has sold more than 2,500 properties to its exclusive foreign clientele in partnership with Megaworld Corp. and supported by the Philippine Retirement Authority.
For more than 10 years, they have supervised and facilitated numerous local and foreign clients in acquiring real properties and condominium units in the Philippines. Capitarise Corporation developed C Estates, Combining real estate, concept of stock market and technology, to streamline the efficiency of doing real estate transactions real-time.
C Estates is the Philippines’ first smart digital investment platform for real estate. Similar to the digital trading of stocks and financial instruments, users may buy and sell verified property completely online, closing deals instantly with lower cost compared to the traditional process. With the use of utility tokens (XCET) to facilitate and validate online transactions in the platform, C Estates gives users the option to trade real estate-backed tokens as fractions of its price, or as a whole. This is made possible through blockchain technology to provide fast, low-cost and secure transactions that will greatly contribute to the liquidity of the Philippine real estate industry.
Team Story
Started in late 2017, we had a discussion of combining the previous businesses together which are; online gaming and real estate. The concept is just like online casinos wherein the money doesn't leave the "house". It sparked the question, "what if we treat real estate like online gaming wherein properties doesn't leave the platform and can still be transacted anytime and anywhere?" For over 11 years of doing traditional real estate business, we've been a witness of how tedious real estate processes are in the Philippines. From the manual documentation procedures up to the issues with remittances, we've experienced it all. That's why we decided to shift the business from traditional real estate into a property technology platform because we believe that everything is going digital -- and real estate is not an exception. For over a year, we've gathered up reputable team members that helped us develop the product in order for us to achieve our goal -- which is to make real estate easy and accessible for everyone providing fast, low-cost and secure way of doing real estate transactions. Starting this journey is very difficult because we are challenging one of the most traditional industry. There's a lot of resistance from real estate stakeholders and from regulators, but difficult doesn't mean impossible. Now, we are about to launch our product, we've got traction from the industry stakeholders and gearing towards becoming the first ever Digital Asset Exchange in the Philippines.
Business model
The revenue for C Estates will be coming from different channels:
Recurring fees from Asset/Property Management and Advertisement
Transaction fees for using the platform both for buying and selling
Service revenue for one time fees such as due diligence and processing fee
Project based revenue from the margin of acquire-renovate-sell model of below market value and foreclosed properties
Key Features:
Leveraging Industry Experience and Initiative for Compliance
Buy fractional shares or ownership of Philippine properties
Earn rental income based on the proportionate share of the property token
Sell the tokens later at a higher price when property appreciates in value
Choose a variety of property tokens (sale, rent, crowdfunding, timesharing or landbanking)
Properties are fully verified with complete information and appraisal
Team comprised of leaders in the real estate industry
Founded by Teruo Sumida of Capitarise (one of the biggest investor-focused property management firms in the country), known for selling over 2,500 Philippine properties to Japanese investors
Partnerships with Philippine real estate key players and influencers
Security and compliance assured through legal representation working with related Philippine government agencies (SEC, BIR, Registry of Deeds, etc.), and through Securitize for international compliance
Fiat onramps and asset-backed tokens
Technology
By combining blockchain, big data and analytics and bridging the gap between traditional real estate and cryptocurrency, C Estates provides a secure, low-cost and more efficient way of doing real estate transaction. It integrates data verification that is secured via blockchain with complete audit trail that will ensure authenticity and accuracy of transactions, digital wallets that secures payment both fiat and crypto, access to multiple real-estate backed tokens for investment, data driven insight for investments decision making, secure personal data vault and local and international compliance.
The product is about to be launch in the Philippines initially and will eventually become available in the neighboring Southeast Asian countries.
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Ph.D. | CEO | FinTech in Stocks | Blockchain in Cryptos | Author of Amazon Best Sellers in Online Trading Rated on Oct 9, 2019
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"They have a wide Japanese clientele and pride themselves to being fast, efficient and professional in bridging foreign businessmen to invest in the Philippines. To date, Capitarise has sold more than 2,500 properties to its exclusive foreign clientele in partnership with Megaworld Corp. and supported by the Philippine Retirement Authority."
If the above being the case, why is there a need to go into blockchain? It will be business as usual without blockchain isn't it?
Elixes BecislaoICO team member replied on 10 Oct 2019
Hi Clemen,
Thanks for your input.
About that, those numbers are from our previous company, which is Capitarise Corporation. That previous business is more focus into the real estate Primary Market wherein we are dealing with pre-selling of pre-develop properties from Developers.
We shifted our business from primary market to the secondary real estate market because we see that the Philippine real estate market is already entering this stage. Most of the clients that we have are no longer buying properties because they are now looking to sell those properties that they bought 5 to 10 years ago.
With regards to why is there a need to go blockchain? I'm not sure if you've been in the Philippines before, but most of the processes and transactions here are all manual, tedious and jurassic. We've been dealing with foreign clients since 2008 and it's very hard not only for us, but also for them to process paper works, verify the documents to ensure it's not fake, they also have to go back and forth, in and out of the country to process the transaction and sometimes it's resulting them to back out.
We want to use our background and expertise in real estate business and leverage the use of blockchain technology to innovate how real estate transactions in the Philippines are being done. We want to cut those paper works, cut costs for these clients and provide much better liquidity for the Philippine real estate market.
If there are still things that you still would like to clarify, we can definitely discuss those things.
Looking like a great IEO in coming days and having a good idea behind it.
But softcap and hardcap both are huge numbers hopefully team may be able to raise that much and came with the things they stated.
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