Real Estate Philippines

BSP quashes property asset bubble fears

The Bangko Sentral ng Pilipinas sees “no definitive evidence” of an asset price bubble in the Philippine property market, citing strong economic fundamentals and improved monetary conditions supporting actual demand for real еstatе. In a forum organized by The Asset Magazine and Banco de Oro Unibank, property experts, including developers and a global real еstatе [...]

By | November 25th, 2013|Uncategorized|

PHL asset bubble far from happening due to backlogs and demand – industry experts

A popping bubble in property prices is far from happening at this point, because of a huge backlog and a strong demand from both office and residential sectors, industry experts said Wednesday. "I don’t think we'll run out of market for quality shelter in the next 20 years," DMCI Holdings Inc. president Isidro Consunji said [...]

By | November 25th, 2013|Uncategorized|

CPG net income up 12% in 1st 9 mos. of 2013

Century Properties sustained its growth trajectory in the first nine months of the year as net income grew by 12 percent to P1.6 billion from the P1.4 billion posted in the same period last year. Consolidated revenues amounted to P8.1 billion, also a 12 percent increase from the same period last year. Rеal еstatе sales [...]

By | November 18th, 2013|Uncategorized|

Property firm Century Properties net income up 12% to P1.6B

Property developer Century Properties Group's net income for the first nine months of the year grew by 12 percent to P1.6 billion from last year's P1.4 billion, due to sustained real еstatе sales. In a statement, Century Properties said consolidated revenues from January to September 2013 amounted to P8.1 billion, also a 12 percent increase [...]

By | November 18th, 2013|Uncategorized|

Brisk real еstatе sales boost Century Properties’ 3Q profit

MANILA – Century Properties Group Inc registered a double-digit growth in earnings in the third quarter on higher residential sales. In a regulatory filing, the property company of former ambassador Jose EB Antonio booked a net income of P529.6 million in the July to September period, 13 percent higher than the P529.6 million in the [...]

By | November 18th, 2013|Uncategorized|

Century’s net profit rises 12% to P1.6b

Century Properties Group Inc. said over the weekend net income in the first nine months grew 12 percent to P1.6 billion from P1.4 billion year-on-year, on sustained real еstatе sales. Century Properties said in a statement consolidated revenues in the January-September period increased 12 percent to P8.1 billion while real еstatе sales rose 7 percent. [...]

By | November 18th, 2013|Uncategorized|

Century Properties net income up 13%

MANILA, Philippines - Growing sales of residential units allowed listed Century Properties Group Inc. to continue its growth trajectory in the third quarter. Net income attributable to equity holders of the parent firm rose 13 percent to P529.6 million in the third quarter from P467.1 million a year ago. Revenues, derived from real еstatе sales, [...]

By | November 18th, 2013|Uncategorized|

Century Properties net profit up 12% to P1.6B in 9 months

Property developer Century Properties Group Inc. said profit in the nine months through September rose 12 percent to P1.6 billion as sales for its mainly upscale offerings increased. During the period, it noted that consolidated revenues hit P8.1 billion, up 12 percent, as real еstatе sales increased by 7 percent. Rеal еstatе sales constituted the [...]

By | November 18th, 2013|Uncategorized|

Property firms bare strong Q3 results

LISTED upscale property developers Century Properties Group, Inc. and Rockwell Land Corp. saw profits rise at double-digit pace last quarter on higher real еstatе sales, according to latest financial reports they disclosed late last week. Century Properties’ net income rose 13.38% to P529.6 million in the July-September period from P467.1 million the past year, according [...]

By | November 18th, 2013|Uncategorized|

Century Properties profit up 12%

Century Properties Group, Inc. sustained its growth trajectory in the first nine months of 2013 with net income growing by 12 percent to P1.6 billion from the P1.4 billion posted in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues amounted to P8.1 billion, also a [...]

By | November 18th, 2013|Uncategorized|