Real Estate Philippines

Century City secures $30-million loan

Century City Development Corp., a wholly-owned subsidiary of Century Properties Group, Inc. yesterday secured a US$30 million loan backed by unidentified assets from Golden First Century Pte Ltd., an affiliate of Phoenix Property Investors. In a disclosure to the stock exchange, the firm said the proceeds from the capital-raising activity will be used to partly [...]

By | June 16th, 2014|Century in the News|

Century Properties secures $30-M funding

MANILA, Philippines – Century City Development Corp., a wholly-owned subsidiary of Century Properties Group, Inc., has signed a $30 million secured facility agreement with Phoenix Property-affiliate Golden First Century Pte Ltd. In a disclosure to the stock exchange on Friday, Century said proceeds from the facility will be used to partly finance the development of [...]

By | June 16th, 2014|Uncategorized|

The Milano Residences Construction Update (May 2014)

Milano Residences is on schedule for top-off in the third quarter of 2014 Only five floors from structural completion, construction at the Versace Home interior designed tower at Century City has progressed to formworks and rebar installation on its 48th level. The 53-storey building continues pre-cast installation, masonry works and roughing-ins of engineering utilities on [...]

By | June 6th, 2014|Uncategorized|

Commonwealth by Century Construction Update (May 2014)

Commonwealth by Century’s 2nd tower approaches top out; Finishing and structural formworks continue for 1st and 3rd buildings While finishing and painting works progress at Osmeña West, the first building within the Residences at Commonwealth by Century, the development’s second tower reaches roofdeck concreting activities. Quezon North, the second tower, reached 11th floor roofdeck level [...]

By | June 6th, 2014|Uncategorized|

Centuria Medical Makati Construction Update (May 2014)

Century Properties’ medical-IT facility continues interior activities as it nears year-end turnover While exterior and interior painting works continue at Century Properties’ medical-IT outpatient building in Century City, Centuria Medical Makati has begun the installation of doors on the lower levels simultaneous with masonry activities and wall partitioning on the upper floors. By the end [...]

By | June 6th, 2014|Corporate News|

Azure Construction Update (May 2014)

Progress for four residential towers continue at Azure Urban Resort Residences Following Paris Hilton’s return to Manila in March for the inauguration of the Paris Beach Club at Azure Urban Resort Residences, more and more residents in the six hectare development are enjoying the project’s urban beachfront experience. Meanwhile, four more residential towers continue with [...]

By | June 6th, 2014|Corporate News|

Acqua Construction Update (May 2014)

Finishing works, exterior painting and structural activities continue at the Acqua Private Residences site The country’s first residential Eden continues to take shape across the Mandaluyong skyline as finishing works, exterior painting and structural activities continue for its first four towers this month. Acqua’s first tower, the Niagara, has progressed to upper level activities such [...]

By | June 6th, 2014|Corporate News|

Century Properties’ 2013 revenues reach a record-high of P10.8B

Century Properties (CPG:PM) today disclosed that its consolidated full year 2013  revenues reached a record-high of P10.8 billion, its highest since it became public in 2012. This represents a 12.5% increase from the P9.6 billion it registered in 2012. The company further announced that its gross profit from real еstatе development amounted to P4.2 billion [...]

By | June 5th, 2014|Corporate News|

Century Properties Revenues Up 10% for Q1 2014

Century Properties Group, Inc. (CPG:PM) today disclosed the results of its financial performance for the first quarter of 2014. Consolidated revenues amounted to P2.85 billion, up 10% from P2.60 billion registered in the same period in 2013. Revenues from real еstatе sales, amounted to P2.39 billion, an 8% increase from P2.21 billion the previous year. [...]

By | June 5th, 2014|Corporate News|

Libeskind shares wisdom to Filipino students at Century Spire launch

Daniel Libeskind, the architect behind the Jewish Museum in Berlin and the Ground Zero masterplan in New York, eagerly answered questions from students of Philippine architecture and design schools during a special forum held as part of the launch of Century Spire in Makati. Libeskind is the architect of the 60-storey residential-office tower, with Armani [...]

By | June 5th, 2014|Uncategorized|