Homeqube Singapore Disrupts Philippines Housing Market

Singapore-based Homeqube is setting ambitious sights on the Philippines’ homebuilding sector, aiming to construct 1,000 homes in its first year. This bold move leverages artificial intelligence (AI) and blockchain to revolutionize an industry grappling with inefficiencies and a 6.5-million-unit housing backlog.

Homeqube CEO Jose Paolo Calma noted that traditional construction methods relying on steel and cement have driven up land and project costs. These increases are fueled by urban migration and costly intermediaries. Homeqube’s solution, its Home Delivery Service, intends to streamline the entire process online. This includes permitting and material procurement, completed in two to five months. Furthermore, the service also ensures a swift 30-day installation and delivery.

Homeqube leverages the latest building technology

Calma emphasized the transformative use of Glass Fiber Reinforced Polymer (GFRP). Moreover, this material is lightweight yet robust enough to endure winds up to 310 kph. GFRP’s rust-proof nature enhances longevity, while its adaptability allows for quick reconfigurations, bypassing costly renovations. Calma remarked, “By choosing materials that regenerate, we create resilient environments that evolve with residents’ needs.”

Supporting this initiative is Homeqube’s investment in Carbon Kevlar Cargo boats, ensuring stable and efficient transport of materials even to remote locations. These innovations position Homeqube as a forward-thinking player ready to bridge the gap between sustainability and affordability.

Affordability remains a cornerstone of Homeqube’s strategy. The company revealed that, given the land, homes could be built for as low as PHP 1 million. This aligns with government efforts to address housing deficits, though challenges persist. The DHSUD aimed for one million units annually starting in 2022, but targets adjusted down to three million by 2028 due to funding and logistical hurdles.

The government, through Pag-IBIG’s PHP 250 billion 4PH program, urges developers to meet housing demands. Homeqube’s tech-driven approach may offer a viable path forward. With its eye on future expansion in similarly challenged markets like Indonesia and Brazil, Homeqube’s Philippine launch could mark the start of broader market disruption in affordable, efficient housing solutions.