Revolution Precrafted, the primary startup within the Philippines valued at over $1 billion, is entering its 14th country by bringing its prefabricated luxury homes to Cyprus. Using prefabrication technology, the two.5-year-old unicorn has made luxury homes designed by renowned architects reasonably priced. It has now signed an agreement with local retail and property conglomerate Cyprus Trading to provide apartments, holiday villas and glamping accommodations at golf resorts and hilltop villages within the cities of Nicosia, Limassol and Paphos.
The startup has certainly one of the biggest global reach amongst its competitors in Southeast Asia. Among the greater than $7.36 billion in orders received since inception in December 2015 is a $3.2 billion partnership to construct hotels and apartments for The World Islands in Dubai, a $1.2 billion project to deliver reasonably priced housing in Myanmar and a $300 million franchise agreement for over 1,000 homes in Caribbean countries.
The latest deal in Cyprus, the second in Europe after the deal in Spain, brings Cyprus one other step closer to achieving its goal of selling to 25 countries by the top of 2018, 55 by 2019 and 85 by 2020.
Revolution Precrafted properties include houses, pavilions, holiday villas and retail spaces. Factory assembled in sections, they may be shipped anywhere on this planet for on-site assembly.
The roughly 85 pre-designed properties it offers were developed by greater than 70 artists, including the late award-winning British architect Zaha Hadid, British designer Tom Dixon and American rock star Lenny Kravitz.
Standardized designs and the prefabricated concept kept prices low. “Our cheapest houses are $10,000 for 23 square meters,” Antonio said.
The devices are only produced once an order has been placed, which suggests the corporate doesn’t have stock. Shipping fees are borne by customers. The fundamental costs of Revolution Precrafted are fees paid by designers and production costs, which may be reduced by adopting robotics.
“I want to basically achieve hyper growth, hyper profits and [be] “assets,” Antonio said. “Look at Uber and Airbnb. They are all global and do not use any assets.”
