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Manila Bulletin devider Business devider The Stock Market devider Global luxury real estate leader Sotheby's International enters Philippine market

Global luxury real estate leader Sotheby's International enters Philippine market

Published Mar 18, 2025 07:01 am
Sotheby’s International Realty .png
Sotheby's International Realty's office in New York

Philippine Sotheby’s International Realty (PSIR) has been named the official local affiliate of Sotheby’s International Realty, a highly regarded entity within the world of luxury international real estate.

Through this alliance with Sotheby’s International, PSIR will be bringing to the global market the top luxury real estate products of local developers while introducing high-net-worth Filipinos to property investment opportunities overseas.

PSIR is a real estate brokerage firm owned by seasoned real estate professionals Thomas and Catherine Ocariz-Florencio, and its alliance with Sotheby’s marks a pivotal collaboration that aims to elevate the real estate landscape of the Philippines on a global stage.

“By leveraging on Sotheby’s prestigious international reputation, complemented by the local expertise of PSIR, this alliance endeavors to establish an unparalleled platform that presents the stunning properties of the Philippines to the global marketplace,” said Ms. Florencio, managing director of PSIR.

She noted that, “The Philippines, with its rich cultural heritage, diverse landscapes, and vibrant communities, is home to some of the most stunning properties one could imagine.

“From enchanting beachfront villas nestled along the pristine shores of Palawan and Boracay to luxurious penthouses overlooking the bustling city skyline of Manila, the real estate market here is a treasure trove waiting to be uncovered.”

Florencio said PSIR will “ensure that these magnificent properties receive the attention and recognition they truly deserve on an international scale.”

“After spending more than a decade engaged with high-end luxury properties in the Philippines, I believe it is essential to further enhance this experience by partnering with a globally recognized leader in luxury real estate.

“This collaboration will allow us to integrate their best practices with our own. Additionally, this partnership will involve national expansion, with plans to establish a minimum of three major offices across Luzon, Visayas, and Mindanao, over the next five years,” she added.

This strategic collaboration stands out for its emphasis on quality, exclusivity, and a profound understanding of the local market dynamics. Philippines Sotheby’s International Realty, with its deep roots in the Philippine real estate sector, possesses invaluable insights into the preferences and expectations of both local and international buyers and investors.

This awareness, combined with the prestige and global reach of Sotheby’s International Realty, enables them to curate an exceptional portfolio of properties that cater to diverse tastes and lifestyles.

“Through its exceptional heritage, unrivaled global network, and pioneering expertise, Sotheby’s International Realty defines luxury residential real estate,” said Chris Palumbo, head of region, Asia-Pacific (APAC) region, Sotheby’s International Realty Affiliates LLC.

He added that, “With the aim of fulfilling each client’s unique lifestyle goals and aspirations, our affiliate teams in 84 countries and territories around the world are dedicated to curating extraordinary experiences, marked by the outperformance that is synonymous with the Sotheby’s International Realty brand.”

“Our expansion into the Philippines represents Sotheby's International Realty's continued strategic growth in the Asia-Pacific region. The opportunities here are thrilling and immense. So, I’m absolutely delighted to welcome PSIR to our global affiliate community,” Palumbo said.

Related Tags

Sotheby’s Chris Palumbo Catherine Ocariz-Florencio Sotheby’s International Realty Philippine Sotheby’s International Realty
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