Listed Century Properties Group Inc. reported strong sales of six real еstatе projects in the affordable, middle-income and luxury segments in Metro Manila.
Century Properties co-chief operating officer Marco Antonio attributed the strong take-up of the company’s residential projects to the shift in market preferences for premium products that offered value, quality and investment potential.
The company reported a take-up rate of 92 percent as of end-2012, equivalent to 12,289 units of Century’s 23 launched buildings.
“The favorable economic backdrop helped boost market confidence and low home ownership rates are empowering end-users and first-time home buyers to make wise choices in their property purchases,” Antonio said.
Century Properties reported that its P8-billion resort-inspired Azure Urban Resort Residences had pre-sold 96 percent for the first seven buildings made available for sale.
Its Quezon City development, the P4-billion Residences at Commonwealth by Century, had 92 of its first seven buildings launched.
The property firm’s middle-income projects registered strong pre-sales, with the P7-billion Acqua Private Residences in Mandaluyong City pre-selling the first five buildings within the development.
The P3-billion Milano Residences with interiors designed by Versace Home and Trump Tower at Century City were pre-sold by 87 percent and 72 percent, respectively.
Source: Manila Standard Today | March 11, 2013