MANILA, Philippines – Century Properties Group Inc. (CPG) has completed the construction of the third of nine residential towers in its beach-inspired community project south of the metro.
The company also reported robust take-up for more than 4,000 of launched units in Azure Urban Resort Residences.
In a statement, CPG said it has completed the construction of the third residential tower in Azure in Parañaque City.
Around 600 residential units in St. Tropez, the third building, will be turned over this month. The first two towers called Rio and Santorini delivered a combined number of 1,700 units last year.
“The completion of Azure’s first three buildings represents 36 percent of the total units of the entire beach-themed development,” CPG said.
As of the third quarter last year, CPG has pre-sold 98 percent or more than 4,000 of the launched units in Azure. Around 800 units have yet to be introduced to the market.
“The Azure’s strength lies in its delivery of a permanent residence within a beach resort environment. Filipinos all over the world fully embraced the concept, because to us, life by the beach provides a relaxing and rewarding experience,” said CPG chief operating officer John Victor R. Antonio.
The six-hectare beach-inspired condominium project, formally launched in 2010, consists of nine residential towers. All towers are named after the world’s most popular beach destinations: Rio, Santorini, St. Tropez, Positano, Miami, Maldives, Maui, Boracay and Bahamas.
Antonio said residents will fully experience beach-inspired living with the official opening of the Paris Beach Club and the first phase of the Azure Beach this month.
The Paris Beach Club, one of the main features of Azure, was designed to the specifications of international celebrity and style icon Paris Hilton, who is returning to Manila to inaugurate the facility.
The first phase of the Azure Beach is also complete and undergoing final testing. It features fine beach sand, simulated ocean waves, waterfalls and an infinity pool that overflows into two private beach coves located at the opposing ends of the development.
In January to September last year, the company’s net income grew 12 percent to P1.6 billion from P1.4 billion while consolidated revenues rose 12 percent to P8.1 billion. Reservation sales jumped 15 percent to a record P24.6 billion.
With 28 years in the business of real еstatе development, marketing and property management, CPG has completed more than 20 condominium buildings, transforming 744,576 square meters of space into premier residential and office developments in and outside Metro Manila.
Source: The Philippine Star | March 7, 2014