Real estate e-commerce swings into full gear

Globalization and digitalization of real estate trading swung into full gear yesterday as CREBA-GSI Inc. (CGI) formally opened its offices with a preview of a pioneering Geographic Information System (GIS) to complement the country’s first property internet trading facility.

Utilizing IBM’s vaunted technology and ePLDT’s internet infrastructure, the eCREBA Internet Portal at www.ecreba.com provides local sellers of homes and other real property cutting-edge communication and electronic documentation facilities to enable them to speedily and securely chose sales online, in real time.

The eCREBA CLaSS (Comprehensive land Survey System), on the other hand, provides prospective buyers and investors a valuable package of information about a land parcel and its local environment. This gives them better insight into the property’s investment value and potentials, without having to travel all the way to the Philippines.

Value-packed as an attractive geographic information system map, CLaSS shows potential buyers, investors and lenders and project planners the accurate geo-referenced location of the property in the official Philippine map, the land’s configuration and possible defects, if any, in the technical descriptions on the title, and the geophysical, economic and regulatory attributes of the land and the surrounding locality.

For property sellers aiming to tap the vast global market for Philippine real property, eCREBA considerably shortcuts the difficult and time-consuming processes of showcasing the properties, fielding inquiries, negotiating, closing deals, effecting reservations and managing payment remittances.

While ordinary websites are comprised of static pages designed merely for display purposes, eCREBA consists of dynamic sub-portals, which operate as paperless, virtual corporate and marketing offices.

More information about these projects may be secured from the newly-established corporate offices of CREBA-GSI Inc. (CGI) at 2006-B West Tower, Philippine Stock Exchange Center, Ortigas Center, Pasig City, tel. nos. 632-1069 and 633-8083 and email at [email protected] and [email protected].