Revolution Precrafted Ties Up With Myanmar Conglomerate

by The Philippine Star

Revolution Precrafted founder and CEO Robbie Antonio (middle) and KT Group executive director Deborah Kyaw Thaung (right) sign the partnership agreement, while KT Group director Harriett Kyaw Thaung looks on.

MANILA, Philippines — Revolution Precrafted, one of Southeast Asia’s strongest unicorns – or startup companies valued at over $1 billion –  has tied up with Myanmar conglomerate KT Group for several projects, including the $1.2-billion Okkyin City riverside property in Yangon.

“We are excited to announce our agreement for the manufacture, shipping and installation of prefabricated homes to Myanmar, one of the fastest growing economies in Southeast Asia. We are also pleased to partner with KT Group, one of the most influential and respected diversified companies in the region,” said Robbie Antonio, Revolution Precrafted founder and CEO.

The non-exclusive agreement involves the manufacture and supply of prefabricated homes in key developments in the historic city of Yangon.

Antonio said Revolution Precrafted has agreed to build residential projects in the Okkyin mixed-used development project, which would cost at least $350 million to develop.

The Okkyin project will include a jetty pier, sports and recreation facilities, bus terminal, green parks, a school, a student accommodation, a business park, a sports hotel, and a riverfront retail and commercial pop-up network.

Aside from Okkyin, Antonio said Revolution Precrafted is also in talks with the KT Group to develop other land assets in Yangon.

Revolution Precrafted intends to build 36-square meter Origins and 23 square meter Crib basics for Myanmar homebuyers. These are simple, sleek but functional prefabricated homes that can be completed in three to six months.

“We believe that these mid-market prefabricated homes will appeal to a significant chunk of the Myanmar population,” Antonio added.

“Myanmar is an emerging economy with 53 million people. We want to take advantage of this sizable market and make it a cornerstone of our regional expansion, especially now that the country is also opening itself to global trade and investments,” Antonio added.

He said Revolution Precrafted’s entry into the Myanmar market is a key milestone that strengthens the companys expansion to Indochina and the rest of the world.

Established in the 1950s, KT Group is one of the largest diversified firms in Myanmar. Its core business is real estate and property development but has since expanded into energy, trading, investments and agriculture. It has also expanded to included branches in Bangalore, India and Kunming, China.

On the other hand, Revolution Precrafted, launched in 2015, is a tech-based property company that disrupted the global architecture, design and art industries through its design-forward homes, pavilions, hotels, furniture, glamping structures, and soon, office spaces.

Still the only unicorn startup in the Philippines, it has in less than two years already partnered with 72 of the world’s preeminent architects, designers and artists, solidying its position as the leading developer of branded precrafted homes.

It is the brainchild of Antonio, son of Century Properties founder and chairman Jose Antonio, who became the youngest person in the Forbes Philippines 50 Richest last year.

PH Prefab Firm Bags Myanmar Deal

by Miguel R. Camus, Philippine Daily Inquirer

Revolution Precrafted, a homegrown supplier of prefabricated structures, is expanding to Myanmar.

The company, founded by Filipino businessman Robbie Antonio, said it had signed a nonexclusive deal with Myanmar’s KT Group to build and supply prefabricated homes in Yangon. This includes the $1.2- billion project Okkyin City, which is being positioned as Myanmar’s landmark sports and internet hub.

“We are excited to announce our agreement for the manufacture, shipping and installation of prefabricated homes to Myanmar, one of the fastest growing economies in Southeast Asia. We are also pleased to partner with KT Group, one of the most influential and respected diversified company in the region,” Antonio said in a statement.

“Myanmar is an emerging economy with 53 million people. We want to take advantage of this sizable market and make it a cornerstone of our regional expansion, especially now that the country is also opening itself to global trade and investments,” he added.

Revolution Precrafted claims to be the country’s only unicorn startup given its more than $1 billion valuation.

Myanmar is among a string of countries the firm said it was targeting this year. Earlier this week, it sealed an agreement with developer Seven Tides to build luxury homes in Dubai’s The World project.

Antonio noted in the statement that Revolution Precrafted had agreed to build residential projects in the Okkyin mixed-used development project. This would cost at least $350 million to develop.

As noted, the project would generate a total of $1.2 billion in sales. It could go higher if Revolution Precrafted agrees to build high-rise properties, the statement noted.

The Okkyin project will include a jetty pier, sports and recreation facilities, bus terminal, green parks, a school, a student accommodation, a business park, a sports hotel, and a riverfront retail and commercial pop-up network.

“We believe that these mid-market prefabricated homes will appeal to a significant chunk of the Myanmar population,” Antonio said.

The company’s other projects include the $1.1-billion Batulao Artscapes and the $345-million Revolution Flavorscapes residential communities, both in the Philippines. Batulao Artscapes consists of 8,520 homes while Flavorscapes will have at least 7,100 prefabricated homes.

 

Myanmar’s KT Group Inks Deal With Philippine Unicorn Revolution Precrafted To Build Prefabricated Homes in Myanmar

by Si Thu Aung (iMyanmarHouse.com)

Philippine unicorn Revolution Precrafted, one of Southeast Asia’s strongest unicorn companies, has signed a dealership agreement with Myanmar’s KT Group for the manufacture and supply of prefabricated homes for the property market in Myanmar.

“Myanmar people like Philippines approach in new ways about the housings. They choose the houses compatible with its own culture. We were awed to become the business partners with the Revolution Precrafted which produces the gorgeous prefabricated homes in the World. We will start to build the prefabricated homes in the next three or six months,” said Deborah Kyaw Thaung, Executive Director of KT Group at the agreement signing ceremony of Revolution Precrafted and Myanmar’s KT Group for the economic resurgence in Myanmar held on March 14.

The construction of prefabricated homes is less expensive, saves time and is able to choose the custom design, he added.

“We are excited to announce our agreement for the manufacture, shipping and installation of prefabricated homes to Myanmar, one of the fastest growing economies in Southeast Asia. We are also pleased to partner with KT Group, one of the most influential and respected diversified company in the region,” said Robbie Antonio, founder and CEO of Revolution Precrafted.

Revolution Precrafted is the only unicorn startup company in the Philippines, valued at over $ 1 billion. In less than two years after its inception, it has partnered with 72 of the world’s preeminent architects, designers and artist, solidying its position as the leading developer of branded precrafted homes.

KT Group Inks Deal With Philippines Startup To Sell Prefab Homes

By FRONTIER

Myanmar’s KT Group has inked a deal with the Philippines’ most valuable startup to import prefabricated homes and meet growing demand for low-cost housing.

Revolution Precrafted will manufacture and ship homes and pop-up outlets Pop  to Myanmar, the companies said in a statement yesterday after they signed a dealership agreement in Yangon. The prefabricated homes can be completed in just three to six months, including approximately five days of installation, they said.

Revolution Precrafted founder and chief executive officer Mr Robbie Antonio said the deal would give Revolution Precrafted a significant foothold in the real estate market here.

“We believe that these mid-market prefabricated homes will appeal to a significant chunk of the Myanmar population,” Antonio said. “Myanmar is an emerging economy with 53 million people. We want to take advantage of this sizable market and make it a cornerstone of our regional expansion.”

A KT Group spokesperson said homes would start at US$12,000 and retail stores from $20,000. Initially it will sell two types of prefabricated home: the 23-square-metre Revo Crib and 36-square-metre Revo Origin.

“Competitive pricing is something which is very important to us and we continuously strive to lower these costs,” the spokesperson said.

KT Group executive director Daw Deborah Kyaw Thaung said the similarities between the Philippines and Myanmar suggested the company would find strong demand for precrafted homes. 

“The people of Myanmar are looking for a new approach when it comes to their homes. They are looking for personalised spaces that are sophisticated, functional, but affordable,” she said.

In barely two years, Revolution Precrafted has grown to be worth more than $1 billion, offering a range of prefabricated homes, pavilions, hotels, furniture and glamping structures. Its eye-catching designs are created through partnerships with 72 of the world’s leading architects, designers and artists.

Earlier this week Revolution Precrafted announced a $3.2 billion deal to build condominium apartments and hotel villas in Dubai, and is aiming to expand into 20 countries this year.

Established in the 1950s, KT Group’s core business is real estate and property development but its has in recent years diversified into energy, trading, international port terminals, pharmaceuticals, telecommunications and agriculture.