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Century aims for another record year; 4 projects completed

Century Properties expects to sustain its record performance this year and is planning to turn over four of its projects in Metro Manila this year, including its mall and its medical building.

“Century Properties opened 2014 riding high with a record pre-sales growth, and we intend to keep this momentum going with the same aggressive and impassioned approach we took in the past year. The results were tremendous so we expect to perform no less in 2014,” Century Executive Chairman of the Board Jose E.B. Antonio said.

According to Antonio, their resolve in developing innovative real еstatе products for the market over the past years, coupled with a differentiated marketing strategy, resulted in successful property sales.

“This propelled the completion and turnover of several residential and commercial projects for Century this year,” he added. Century earlier reported that its reservation sales for 2013 rose to a record P24.6 billion.

In December, 2013, Century has completed more than 1,300 units of Knightsbridge Residences at Century City on Kalayaan Avenue, Makati. Unit inspections and turnover have started with unit owners.

Meanwhile, the Century City Mall is scheduled for a soft opening this month. The Company said 17,000 square meters of the retail center’s net leasable space is over 90 percent leased out to more than 100 tenants, including include a high-end supermarket, premium cinemas, café, restaurants, boutiques and specialty stores.

By the end of 2014, Century said it will turn over more than 500 clinic suites at Centuria Medical Makati, a 28-storey outpatient IT-medical arts building also at Century City.

There are three more buildings in the Century City development that are in various stages of development and construction, including Milano Residences (scheduled for a 2015 turnover), Trump Tower (scheduled for a 2016 turnover), the office-residential building called Century Spire (slated for a 2018 turnover).

Century will also turn over by the end of February close to 600 units at the newly-completed St. Tropez building at the Azure Urban Resort Residences in Paranaque City. This is the third tower within the nine-building residential resort development, which has already turned over two towers totaling more than 1,300 units in 2013.

Construction of Azure’s third and fourth buildings has reached their top off stage, and Azure’s ninth tower, the Bahamas, launched more than 750 units recently.

In March, Century will officially open the Azure’s Paris Beach Club, a multi-level amenity center designed by Paris Hilton, with the international celebrity slated to personally grace the occasion.

Century Properties, likewise, announced that construction is on schedule for its multi-tower, masterplanned community developments Acqua Private Residences in Mandaluyong City, and the Residences at Commonwealth in Quezon City.

Source: Yahoo News Philippines | February 12, 2014


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