Century Properties Group posts Php10.8B revenues in 2020

The listed Philippine real estate firm Century Properties Group, Inc. [CPG:PM] has announced that it posted Php10.84 billion of consolidated revenues and Php1.15 billion of net income in 2020, down by 24.3 percent and 22.2 percent, respectively, but still buoyed by its horizontal affordable housing and office leasing businesses. CPG’s Chief Financial Officer Ponciano S. […]

CPG’s 1st Quarter 2021 Results Buoyed by Affordable Housing Business

[May 17, 2021] The listed Philippine real estate firm Century Properties Group posted Php205 million in net income for the first quarter of 2021, buoyed by the continued strong performance of its horizontal affordable housing business. The company posted consolidated revenues of Php2 billion, down by 26 percent from last year due to the impact […]

Century Properties Group bond offering raises P3.0B in funds

Company returns to retail bond market with final demand more than twice oversubscribed [March 1, 2021] The publicly-listed property developer Century Properties Group, Inc. (CPG:PM) has announced that it raised P3.0 billion in fresh funds from its latest bond offering, which was more than twice oversubscribed from the base offer. At the company’s virtual listing […]

Century Properties Group posts Php1.1B net income in 9M2020

Net income contributions of affordable housing, leasing surges to 66% or P723M November 10, 2020 – Publicly listed firm Century Properties Group, Inc. (CPG:PM) posted a Php 1.1-billion net income for the first nine months of 2020, maintaining strong earnings while sustaining the growth of its affordable housing (under PHirst Park Homes) and leasing segments […]

Century Properties Group poised to grow leasing, affordable housing stake

Company cites Innovation, Resilience and Growth, Sustainability as core guiding principles   [August 27, 2020] With a strong balance sheet and increased liquidity, the listed real estate firm Century Properties Group [CPG:PM] said it is well positioned to continue its expansion to leasing and affordable housing, and face the Next Normal guided by the principles […]

Century Properties Group grows recurring income assets

  Company acquires 40% stake of Mitsubishi Corporation’s subsidiary in Makati office building   [August 25, 2020] Confident of the resilience of the office leasing market, the listed real estate firm Century Properties Group [CPG:PM] has announced that it is adding 25,000 square meters of floor area to its commercial leasing portfolio, growing it to […]

Century Properties Group further grows high-margin business segments for 1H 2020

  Affordable housing, leasing businesses contribute 42% or P225M to net income [August 11, 2020] The listed property developer Century Properties Group, Inc. (CPG:PM) has sustained the growth of its horizontal affordable housing and commercial leasing businesses for the first semester of 2020, consistent with its strategy of balancing its asset portfolio with in-city vertical […]

Century Properties Group posts Php6.1 billion in pre-sales for 1H 2020

The listed real estate development firm Century Properties Group [CPG:PM] announced that it posted Php6.1 billion in reservation sales for the first half of 2020, equivalent to 1,925 homes or 651 condominium units under its in-city vertical developments business and 1,274 house and lot units under its affordable housing brand. Amidst challenges in the property […]

Century Properties Group nets Php 290M in Q1 2020

Contributions from affordable housing, commercial leasing businesses quadrupled to P173M [June 8, 2020] Listed property developer Century Properties Group, Inc. (CPG:PM) posted a net income of P290 million and consolidated revenues of P2.8 billion in the first quarter of 2020.     The lion’s share of the net income comes from the combined contribution of […]