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Century Properties lines up P20.3 B worth of projects

MANILA, Philippines – Century Properties Group has lined up seven residential condominiums in the next two years with a total sales value of P20.3 billion.

The seven projects, which form part of the group’s 2020 blueprint, are the Maldives and Maui towers at Azure, Acqua Livingstone and Dettifoss towers at Acqua, Quezon North and Roxas East towers at Commonwealth, and Trump Tower at Century City.

Last year, the company successfully completed construction of six residential projects, making 2015 a banner year in terms of the number of project completions in a single year.

These projects, located in Century’s master-planned communities, comprise 3,000 units and are 97 percent sold with a total sales value of P16 billion.

The completed condominium developments are the Positano and Miami towers at Azure Urban Resort Residences in Parañaque City, Niagara and Sutherland towers at Acqua Private Residences in Mandaluyong City,  Osmeña West Tower at Commonwealth by Century in Quezon City, and The Milano Residences at flagship Century City in Makati.

In addition to its residential projects, Century is in the process of diversifying into allied real еstatе segments.

“We believe that the structural story for Philippine real еstatе remains intact and we are steadfast in our commitment to our shareholders to build our business. We are also thankful to our buyers for their trust and confidence in the Century brand,” said Kristina Garcia, Century’s director for investor relations.

“At the same time, however, we remain prudent in managing our inventory levels and managing risks, disciplines that built the company over the last 30 years,” she added.

As it approaches its 30th year, Century prides itself for its contributions to Manila’s landscape, having built high-quality iconic projects that cater to the luxury, middle income, and affordable market segments.

Among its projects that are nearing completion are Acqua Livingstone with interiors designed by MissoniHome, and Trump Tower at Century City.

Source: The Philippine Star | January 29. 2016


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