Sotheby's International Realty Expands into the Philippines

Company Overview - Sotheby's International Realty has opened its 18th office in Asia, located in Makati, Philippines, which serves as the financial and commercial hub of the country [1] - The company was founded in 1976 as a real estate service for clients of Sotheby's auction house and now operates more than 1,100 offices in 84 countries and territories [4] Leadership - Catherine Ocariz-Florencio, with over 15 years of experience in the real estate industry, leads Philippines Sotheby's International Realty and has previously served as the president of the Philippine Association of Real Estate Boards [2] Market Insights - The luxury residential real estate sector in the Philippines is experiencing steady growth, driven by increased demand from affluent buyers and investors [3] - Makati is highlighted as a prime location for high-end residences due to its status as the financial center and a hub for multinational corporations [3] Strategic Goals - The mission of Philippines Sotheby's International Realty is to establish a new benchmark in the luxury real estate market by providing world-class, client-focused services [3] - The company aims to leverage its affiliation with Sotheby's International Realty to offer unparalleled expertise and value to clients throughout the real estate journey [3] Network and Resources - The Sotheby's International Realty network includes over 26,100 affiliated independent sales associates and provides extensive marketing and operational support to its affiliates [3][5] - Each office operates independently while benefiting from the global marketing programs associated with Sotheby's auction house [3][4]