Century Properties Group Inc. remains open to a partnership with Japanese billionaire Kazuo Okada in resort development, despite their failed partnership in a casino project.
“We are open to partnering with anyone,” Century Properties chairman Jose Antonio said, when asked if he was open to teaming up with Okada in developing the company’s tourism project in Palawan.
There are no current talks between the two parties.
Businessman Antonio Cojuangco, Okada’s local partner in the $2.4-billion Okada Manila project in Parañaque City, said the Japanese billionaire was keen on developing resorts in Palawan and possibly in Davao. He said Okada was also eyeing golf courses in the Philippines.
Century Properties for its part is developing a 56-hectare beachfront lifestyle destination in San Vicente, Palawan.
Antonio said the master plan for the Palawan project was currently being finalized and Century Properties just waiting for the completion of an airport in San Vicente.
“They are just waiting approval from the Civil Aviation Authority of the Philippines. Local officials said they’re getting it by end of the year so if that happens we are going to launch our project in San Vicente,” Antonio said.
Century Properties earlier said it would spend P1.5 billion over the next three to five years to develop the initial phase of the Palawan resort project which would include hotel villas and residential investment properties.
The town of San Vicente, with a total land area of 146,294 hectares, is 140 times larger than Boracay Island.
This natural paradise boasts of emerald green coves, white-sand beaches, waterfalls, enchanting islands and lush forests that visitors can reach through enjoyable nature treks.
It also boasts of a 14.7-kilometer stretch of white sand that is four times the length of Boracay’s white beach.
Century Properties and Okada group signed an investment agreement in 2013 for the development of a luxury residential and commercial project on a five-hectare property at the 44-hectare entertainment complex now called Okada Manila.
Okada rescinded the agreement with Century Properties in March 2014, after one of the parties involved in the investment agreement withdrew from the negotiations.
The property pursued the legal action against the Okada group to protect the interest of its stakeholders.
After a year of court battle, both parties agreed to settle their issues amicably.
Aside from Batulao, Century Properties is also developing 142 hectares of its land bank in Batulao, Batangas into a fully-integrated leisure, recreational, retail and residential destination in Southern Luzon.
The planned venture into tourism-related projects and house and lot development are part of the company’s strategy to diversify the business which is currently focused on high-end condominium development.
The planned diversification is in line with the company’s thrust to boost recurring income.
To our Century Properties partners, stakeholders, and communities,
As we closely monitor the developments on the coronavirus (COVID-19) and the government’s declaration of a community quarantine in the National Capital Region, we recognize that we have entered a unique and challenging time.
Despite this, we want to assure you that your safety and well-being are our priority. We are grateful that you continue to choose us as your partner and developer, and trust us to handle your business, property investment, and home with utmost professionalism and genuine care.
To safeguard your health, we have implemented steps to ensure that all safety measures and guidelines from the Department of Health and the World Health Organization are disseminated to our properties and communities, and our property management teams are well staffed and prepared with the proper contingencies to assist the needs of our tenants and residents. We are prepared for medical emergencies, and protocols are in place should we encounter COVID-19 cases within our properties. We have no reported cases at this time, but we are preparing for all eventualities.
We also augmented our equipment and know-how to implement additional precautionary measures in our communities, including the regular disinfection of common areas and tapping the expertise of hospital-grade cleaning providers to train our teams in applying high standards of sanitation in our properties.
Our employees are likewise important to us, as they are the lifeblood of our operations and services to you. Our valuable concierge, security personnel, housekeeping, and engineering staff will continue to serve you round the clock. And to do so without compromising their health and safety, they have been equipped with protective gear and are strictly observing hygiene measures to reduce the risks of transmission.
Furthermore, our support staff who are servicing our partners, tenants, and property buyers are adopting flexible working arrangements to continue to assist you. We will be open with augmentation from personnel who will be working from home as part of the contingencies we have in place. Our partner and client-facing teams will inform you of any adjustments on this end, and we hope for your understanding as we also protect the health of our employees and their families, and support government efforts to contain the further spread of COVID-19 in the country.
Rest assured that no matter the difficulties, we are here for you and we are here to stay. Our company has been around for 34 years, with our strong foundations built upon the wisdom and experience of our management, and the expertise of our young, committed, and dependable team. We have endured disasters and economic downturns for more than three decades, and with your help and cooperation we can weather this challenge together and come back from this even stronger.
As you also do your personal assessment of what’s going on, let us know how we can help you.
If you have any concerns with your property purchase, call your agent or send our documentations and collections team a message. We are going to provide utmost consideration and assistance to our clients who have been diagnosed with COVID-19. Let’s talk and please don’t worry.
If you are feeling unwell or need medical assistance, call or Viber our building concierge. Our Urgent Care Clinic at Centuria Medical Makati, located in Century City, is open 24 hours for your medical needs should you feel worried about possible coronavirus symptoms or other illnesses.
Retail tenants are also welcome to contact us for questions concerning the latest guidelines from the government as malls and other public-facing establishments reduce operating hours.
In case stores have run out of alcohol, sanitizers, or hygiene kits, let our concierge know and we will do our best to help source them for you.
Contact details of our various support teams are below. Or simply reply to this e-mail so we can have someone assist you immediately.
We are here to help ease your concerns. We are confident that the resilience of Filipinos, coupled with everyone’s perseverance and cooperation, will help our country emerge stronger from this challenge.
Thank you for your time and please remember to take the necessary health precautions for you and your family. We pray for everyone’s safety as we navigate this challenge and will update you as we have new and pertinent information.
MARCO R. ANTONIO
President and CEO
Century Properties Group
Please contact us for your concerns:
Urgent Care Clinic
Centuria Medical Makati
+63 2 7793 8750
Property Management Office
+63 8888 4726
+63 917 589 6560+63 8478 5157
Property Management Office
+63 917 672 4050
+63 2 8860 9500
local 100 and 101+63 2 8860 9500
local 555 and 333