Philippines' first 'unicorn' disrupts property business

Mr Robbie Antonio, the man behind Revolution Precrafted, is not surprised that it reached "unicorn" status - start-ups valued at over US$1 billion (S$1.32 billion) - in less than two years. "The population is here: 100 million people. The growth rate
Mr Robbie Antonio, the man behind Revolution Precrafted, is not surprised that it reached "unicorn" status - start-ups valued at over US$1 billion (S$1.32 billion) - in less than two years. "The population is here: 100 million people. The growth rate is high. It's a big market. Next to Indonesia, it's pretty much the Philippines," he said.PHOTO: REVOLUTION PRECRAFTED
Revolution Precrafted has a network of fabricators that produce the basic parts of a home, and then the parts are shipped and put together on-site, like Lego bricks. This saves time and labour, and lowers cost.
Revolution Precrafted has a network of fabricators that produce the basic parts of a home, and then the parts are shipped and put together on-site, like Lego bricks. This saves time and labour, and lowers cost.PHOTO: REVOLUTION PRECRAFTED

In December 2015, Mr Robbie Antonio started a company that sought to disrupt the business that had been so good to his family.

Revolution Precrafted broke all the rules of real estate. It did not own land, and it built homes without deploying huge volumes of cement, steel and other construction materials, as well as thousands of workers, to a site.

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A version of this article appeared in the print edition of The Straits Times on March 22, 2018, with the headline 'Philippines' first 'unicorn' disrupts property business'. Print Edition | Subscribe