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                                                               EXHIBIT 31.1


                                  CERTIFICATION


       I, Philip Pilevsky, Chief Executive Officer and principal financial
officer of Philips International Realty Corp., certify that:


       1.     I have reviewed this Quarterly Report on Form 10-Q of Philips
              International Realty Corp.;

       2.     Based on my knowledge, this report does not contain any untrue
              statement of a material fact or omit to state a material fact
              necessary to make the statements made, in light of the
              circumstances under which such statements were made, not
              misleading with respect to the period covered by this report;

       3.     Based on my knowledge, the financial statements, and other
              financial information included in this report, fairly present in
              all material respects the financial condition, results of
              operations and cash flows of the registrant as of, and for, the
              periods presented in this report;

       4.     I am responsible for establishing and maintaining disclosure
              controls and procedures as defined in Exchange Act Rules 13a-15(e)
              and 15d-15(e)) for the registrant and have:

              a)     Designed such disclosure controls and procedures, or caused
                     such disclosure controls and procedures to be designed
                     under my supervision, to ensure that material information
                     relating to the registrant, including its consolidated
                     subsidiaries, is made known to me by others within those
                     entities, particularly during the period in which this
                     report is being prepared;

              b)     Evaluated the effectiveness of the registrant's disclosure
                     controls and procedures and presented in this report my
                     conclusions about the effectiveness of the disclosure
                     controls and procedures, as of the end of the period
                     covered by this report based on such evaluation; and

              c)     Disclosed in this report any change in the registrant's
                     internal control over financial reporting that occurred
                     during the registrant's most recent fiscal quarter (the
                     registrant's fourth fiscal quarter in the case of an annual
                     report) that has materially affected, or is reasonably
                     likely to materially affect, the registrant's internal
                     control over financial reporting; and

       5.     I have disclosed, based on my most recent evaluation of internal
              control over financial reporting, to the registrant's auditors and
              the audit committee of the registrant's board of directors (or
              persons performing the equivalent functions):

              a)     All significant deficiencies and material weaknesses in the
                     design or operation of internal control over financial
                     reporting which are reasonably likely to adversely affect
                     the registrant's ability to record, process, summarize and
                     report financial information; and

              b)     Any fraud, whether or not material, that involves
                     management or other employees who have a significant role
                     in the registrant's internal control over financial
                     reporting.

DATE: NOVEMBER 11, 2004          By: /s/ PHILIP PILEVSKY

                                 --------------------------------------------
                                 Philip Pilevsky
                                 Chairman of the Board, Chief Executive Officer
                                 and Principal Financial Officer