Century Properties Group Inc. reported robust sales in its six developments in Metro Manila.
Century Properties chief financial officer Jose Carlo Antonio attributes such momentum to not just the high demand for property but also to the shift in market preferences for premium products that offer value, quality and investment potential.
“As of last year, the take up rate was 92 percent, equivalent to 12,289 of Century’s 23 launched buildings. The favorable economic backdrop helped boost market confidence and low homeownership rates are empowering end users and first time home buyers to make wise choices in their property purchases,” Antonio said.
For its projects within the affordable segment, Century reported that its P8-billion resort-inspired Azure Urban Resort Residences has pre-sold 96 percent for its first seven buildings made available for sale.
Its Quezon City development, the P4-billion Residences at Commonwealth by Century, has 92 of its first seven buildings launched.
Century’s projects in the middle-income segment, likewise, registered strong pre-sales.
The P7-billion Acqua Private Residences in Mandaluyong City has pre-sold of its first five buildings within the development.
Source: The Daily Tribune | March 11, 2013