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.

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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. 

 

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Philippines’ Unicorn Startup Nails $3.2 Billion Deal To Build Luxury Villas In Dubai

by Elyssa Christine Lopez, Esquire

The Philippines’ first unicorn, real estate startup Revolution Precrafted, has signed a landmark $3.2-billion agreement with a Dubai-based property developer that will bring its prefabricated designer structures to the famous man-made archipelago The World Islands in Dubai. It is Revolution Precrafted’s biggest deal so far.

A brainchild of the country’s youngest Forbes magazine rich-lister, Robbie Antonio, the startup signed the deal with Seven Tides for the design, supply and construction of condominium units and hotel villas on one of the artificial islands patterned after the global map. Seven Tides was reported to have bought a cluster of the artificial islands that make up “South America.” The project will be erected on a 2.4-million-square-meter structure named after Coronation Island in Alaska.

“We are proud and excited to partner with one of the best property developers not only in Dubai, but in the world. We will manufacture sophisticated, design-driven precrafted condominium apartments and hotel villas, consistent with the kind of luxurious structures the public have come to expect from us and Seven Tides,” Antonio said in a statement.

Based on the agreement, Revolution Precrafted will manufacture and supply two to three-bedroom prefabricated condominium apartments and hotel villas.

Dubai state-owned Nakheel Properties spearheaded the construction of the artificial islands in 2003, which was envisioned to rival its similar property in United Arab Emirates, Palm Jumeirah. However, work on the ambitious project stalled after the onset of the global financial crisis in 2008 as Dubai World, the emirate’s investment arm, had a hard time repaying its $60-billion debt. The project was resumed only fairly recently. 

“The luxurious look and feel of the condominium apartments and hotel villas will further elevate the status and image of the World Islands as the playground for the most affluent, and privileged residents from Dubai and beyond,” Seven Tides CEO Abdulla Bin Sulayem said. 

Revolution Precrafted’s deal with Seven Tides is on track with the company’s global expansion plan as it aims to sign projects in at least 20 countries this year. It is the company’s first massive property project abroad as it has previously signed agreements for residential communities based in the Philippines. 

In 2017, it signed a deal with Century Properties, the company chaired by Antonio’s father, Jose E.B. Antonio, to supply more than 15,000 precrafted homes in Batulao Artscapes and Flavorscapes, both of which are located in the province of Batangas in southern Luzon in the Philippines.

The startup made a name for tapping world-renowned architects to design precrafted home units, hotels and even furniture, which may be delivered across the globe. While founded only in 2015, the startup achieved unicorn status (or a startup with a total valuation of $1 billion) by October 2017 after it raised an undisclosed amount from a series B funding round led by a Singaporean venture capital firm K2 Global.

This story originally appeared on Entrepreneur.com.ph.

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Revolution Precrafted Bags Deal In Myanmar

by VG Cabuag, Business Mirror

REVOLUTION Precrafted Properties Inc., a company led by one of the sons of the owners of Century Properties Group Inc. (CPG), said it has signed a nonexclusive agreement with Myanmar’s KT Group for the manufacture and supply of prefabricated homes to be located in key developments in Yangon.

Jose Roberto R. Antonio, founder and CEO of the company, said the company’s entry into Myanmar is a key milestone of its expansion in the region. Antonio is also a director at CPG.

“Myanmar is an emerging economy with 53 million people,” he said. “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 his company has agreed to build residential projects in the Okkyin mixed-used development project, which would cost at least $350 million to develop.

Sales revenues from the project is estimated at $1.2 billion, but the figure may increase if the company agrees to build high-rise properties as well, he said.

Seven Tides Signs $3.2bn Deal To Build Luxury Villas At The World Islands

by GCC News

Dubai-based property developer Seven Tides has signed a $3.2-billion agreement with the Philippines’ Revolution Precrafted to build condominium units and hotel villas on an artificial island in The World Islands in Dubai.

The project will be built on an island named after Coronation Island in Alaska, which boasts an area of 2.4 million square meters. Revolution Precrafted will build and supply two to three-bedroom prefabricated condominium apartments and hotel villas.

Robbie Antonio, the founder of Revolution Precrafted, said: “We are proud and excited to partner with one of the best property developers not only in Dubai but in the world. We will manufacture sophisticated, design-driven pre-crafted condominium apartments and hotel villas, consistent with the kind of luxurious structures the public have come to expect from us and Seven Tides.”

Seven Tides CEO Abdulla Bin Sulayem said, “The luxurious look and feel of the condominium apartments and hotel villas will further elevate the status and image of the World Islands as the playground for the most affluent, and privileged residents from Dubai and beyond.”

Revolution Precrafted aims to sign projects in at least 20 countries this year. The start-up’s deal with Seven Tides is its first massive property project abroad, as its previous agreements included residential communities based in the Philippines.

 

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PH Company In $3.2-B Deal With Dubai Firm

by Miguel R. Camus, Philippine Daily Inquirer

Revolution Precrafted, a homegrown designer and supplier of prefabricated structures, sealed its biggest deal yet: A $3.2-billion project to build upscale homes in one of Dubai’s most iconic locations.

Revolution Precrafted partnered with Dubai-based luxury builder Seven Tides to develop part of “The World,” a collection of 300 artificial islands representing the world’s continents and countries along the coast of Dubai in the Persian Gulf.

Revolution Precrafted, which launched in 2015, is founded and led by CEO Robbie Antonio, whose family owns listed property developer Century Properties Group Inc.

The Dubai project is the company’s latest initiative to gain a bigger global footprint and possibly go public in Singapore or London in a few years.

Revolution Precrafted, which claims a valuation of more than $1 billion today, hopes to be worth around $10 billion by 2020, Antonio told reporters on Monday. It plans to reach 20 countries in the next 12 months, including Myanmar and other key markets in Southeast Asia.

For The World in Dubai, Revolution Precrafted will supply two- to three-bedroom luxury apartments and villas, which will retail for $150,000 to $1.5 million.

The partnership covers a total of nine islands in The World, with the first being the so-called Coronation island, which is about 20 hectares. Antonio noted that they were trying to broaden their market by being more price sensitive. He said they expected home buyers to come from all over the world, mainly Russia and Europe.

Revolution Precrafted earlier rolled out 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.

 

Philippines-based Firm Signs $3.2bn Dubai World Islands Contract

by Arabian Business

robbie antonio
Seven Tides CEO Abdulla Bin Sulayem and CEO Jose Roberto Antonio Revolution Precrafted CEO pictured at the press conference today.

A Philippines-based developer has signed a $3.2 billion agreement to build luxury apartments and hotel villas in Dubai’s The World Islands.

The partnership with luxury developer Seven Tides will see Revolution Precrafted design, supply, and install two- and three-bedroom luxury condominium apartments and villas. The various structures will be pre-manufactured, shipped and then assembled on The World Islands.

Seven Tides, owner of ten of the islands in the man-made development archipelago, announced plans last year to develop luxury resort on The World islands.

In an interview with Arabian Business, Seven Tides CEO Abdulla Bin Sulayem said he the company had started developing  a luxury resort on one of the South American islands, closest to the Dubai shoreline. He said the planned to develop Maldives-style villas on the island.

The contract with Revolution Precrafted is to develop villas for nine of the islands, according to CEO Jose Roberto Antonio, with the exact number of villas being finalised.

“The total number of units is actually being masterplanned right now, so I can’t really verify or ascertain that as of this moment, but you can expect and approximate that $300-$500m worth of sales, depending on how mid-rise we would do for each one,” Antonio told Bloomberg Philippines. 

“But we’re going to do a combination of unique homes that are decongested for private use, and some mid-rise –three to five storey hotels and hotel residential buildings.”

Antonio said the price point for villas would be about $150,000 to $1.5m, and averaging $500,000.

He said the masterplan would be completed in the next two to three months, with a launched planned for Q3 this this year on an island by island basis.

“We’re going to do each island per phase – we’re not going to launch nine islands at the same time, with nine different concepts, we’re going to do it with one big island and one small island,” he said.

In a statement to media in Asia, Bin Sulayem said, “We decided to partner with Revolution Precrafted because we believe in their vision and capabilities in creating elegant, bespoke but functional prefabricated homes, pavilions and related structures.”

The first island to be developed, measuring 2.2 million square feet, called Coronation Island, will be done in phases.

 

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This Philippine Unicorn Is Building Prefab Homes In Dubai’s World Islands

by Property Report

A Philippine startup has won exclusive rights to construct luxury prefabricated homes in The World Islands in the United Arab Emirates.

After month-long negotiations, Revolution Precrafted signed a USD3.2-billion agreement with Dubai-based developer Seven Tides to design, supply, and install condominiums, apartments and villas in the manmade archipelago just off the mainland emirate.  

“We will manufacture sophisticated, design-driven precrafted condominium apartments and hotel villas, consistent with the kind of luxurious structures the public have come to expect from us and Seven Tides,” said Robbie Antonio, founder and CEO of Revolution Precrafted, in a statement released this week.

The two- to three-bedroom homes will be manufactured offsite and assembled in The World Islands.

More: The world’s first rotating skyscraper to rise in Dubai by 2020

Seven Tides will construct a jetty for the project’s seafaring residents and guests. The company will also oversee landscaping and utility connections for the prefab units.

“The luxurious look and feel of the condominium apartments and hotel villas will further elevate the status and image of the World Islands as the playground for the most affluent, and privileged residents from Dubai and beyond,” said Abdulla Bin Sulayem, chief executive officer of Seven Tides.

Revolution Precrafted manufactures prefab dwellings that feature designs from 72 of the world’s most famous artists and design leaders, including six Pritzker-award winning architects. Having raised a series B round led by Singaporean venture capitalist K2 VC late last year, Revolution Precrafted is now valued at over USD1 billion, making it the Philippines’ first and only unicorn. 

Conceived by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, The World Islands are a project of state-run developer Nakheel Properties.

 

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Antonio-led Firm Bags $3.2-billion Dubai Deal

by VG Cabuag, Business Mirror

REVOLUTION Precrafted Properties Philippines Inc., a company led by one of the sons of former Ambassador Jose E.B. Antonio, said it bagged a $3.2-billion deal that will supply Dubai-based luxury property developer Seven Tides Ltd. to manufacture and supply prefabricated condominium apartments and hotel villas.

The precast units will be built on Dubai’s man-made archipelago “The World Islands,” which is composed of some 300 artificial islands designed to resemble the global map. Envisioned to rival the Palm Jumeirah as one of the most prominent landmarks in the United Arab Emirates, the project was spearheaded by government-owned Nakheel Properties and is the brainchild of Sheikh Mohammed Bin Rashid Al Maktoum, the ruler of the Emirate of Dubai.

“We are proud and excited to partner with one of the best property developers not only in Dubai, but in the world. We will manufacture sophisticated, design-driven, precrafted condominium apartments and hotel villas, consistent with the kind of luxurious structures the public have come to expect from us and Seven Tides,” said Jose Roberto R. Antonio, founder and CEO of Revolution Precrafted.

Antonio, who is also managing director of listed firm Century Properties Group Inc., said he is also targeting to list his company “beyond 2020” when the company hits $10 billion in value.

To reach such goal, Antonio said the company has to snag projects in different parts of the world.

“It’s not just entering countries; we’re proliferating there,” he told reporters on Monday. “There could be two, three, four, five projects [in one country].”

Revolution Precrafted is a supplier of prefabricated houses, pavilions and other structures. It has partnered with 72 of the world’s artists and designers.

The agreement between the company and Seven Tides pertains to the design, supply and installation of two-bedroom to three-bedroom luxury condominium apartments and villas to be premanufactured, shipped and assembled on The World Islands.

The deal, worth about P166.512 billion in current exchange rates, was finalized after a monthlong negotiation, according to Antonio.

“We decided to partner with Revolution Precrafted because we believe in their vision and capabilities in creating elegant, bespoke but functional prefabricated homes, pavilions and related structures,” Seven Tides CEO Abdulla Bin Sulayem said.

The Dubai-based company will spearhead the site development and the overall infrastructure of the islands. It will also be handling the construction of the jetty, the landscaping of the islands, and the construction of the provisions for the main utility services.

Based on the agreement between the two companies, the Coronation Island is the first one to be completely developed and populated, and will be done in phases, due to its sheer size. The island, in the southern portion of the project, measures 2.2 million square feet.

Revolution Precrafted will have exclusivity on the design, supply and construction of the condominium apartments and villas on this island.

The Dubai project is part of Revolution Precrafted’s global expansion. The company is setting its sights on at least 20 countries this year.

 

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