High-rise condominium developer Century Properties Group Inc. is investing P1.5 billion to build a residential building with the interior design of Italian luxury fashion house Missoni.
The 52-tower residential building, Livingstone, is the fourth tower to rise in CPG’s six-tower Pasig riverside Aqua Private Residences project in Mandaluyong City, which was estimated to cost a total of P7 billion.
In a press briefing on Friday, CPG President and CEO Jose Marco Antonio said the group, through subsidiary Century Limitless Corp., was ready to bring to the market additional residential units in Acqua, following the market success of the first three towers—the 43-story Niagara, 45-story Sutherland and the 47-story Dettifoss.
The upcoming residential buildings in Acqua, designed as a riverside “residential eden” amid an urban jungle, are all named after the great waterfalls of the world. The residential units in Livingstone, named after the most majestic waterfall in Africa, are expected to be turned over to buyers by 2016.
The six-tower Acqua project brings to the local market new property inventory with sales value of P15 billion, of which Livingstone will account for P3.5 billion, Antonio said.
Acqua Livingstone will offer 645 units for pre-selling prices averaging P145,000 per square meter for the first tranche. This means the smallest unit of 27 square meters is selling for P3.9 million while the largest unit with 140 sqm is selling for P20.3 million.
“In the Philippines, Century has found a market appreciates high design and haute couture living,” Antonio said.
Missoni, founded in 1953 as a knitwear label in Italy by Ottavio and Rosita Missoni, grew into a fashion empire run by three generations of the Missoni family. Globally recognized for its creative use of patterns and prints, Missoni earned the acclaim of the fashion world throughout the decades for elevating knitwear to an artistic form, and for its inventiveness and consistently progressive style.
In 1996, the Italian fashion house diversified into furniture, home accessories and interior design through the brand MissoniHome. It was one of the first fashion lines to branch out into home lines like Versace, also a partner of CPG in another residential project.
There are also two Missoni-branded hotels in the world, one in the Edinburgh, Scotland, and another in Kuwait.
CPG plans to sell the units to domestic end-users such as young upwardly mobile professionals, overseas-based Filipinos and foreign buyers. With 70 percent of CPG’s sales coming from the international market, Antonio said CPG had the biggest overseas market share among Philippine high-rise condominium developers.
“We feel we’re following the money trail,” he said.
The Livingstone tower offers the rich and colorful MissoniHome-designed living space.
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