Listed real еstatе company Century Properties (CPG:PM) said it expects a full and busy year in 2014 with the construction and completion of its 4 projects in Metro Manila.
Company Executive Chairman of the Board Jose E.B. Antonio said the firm’s resolve in developing innovative real еstatе products for the market over the past years, coupled with a differentiated marketing strategy, resulted in successful property sales. This propelled the completion and turnover of several residential and commercial projects for Century this year.
Earlier Century reported that its reservation sales for 2013 rose to Php24.6 billion, the highest it has achieved in its history.
“Century Properties opened 2014 riding high with a record pre-sales growth, and we intend to keep this momentum going with the same aggressive and impassioned approach we took in the past year. The results were tremendous so we expect to perform no less in 2014,” Antonio said.
He added: “This month Century Properties will mark its 28th year in Philippine real еstatе. And the best way to celebrate this milestone is by handing over to our clients the keys to their much-awaited homes and investments. We will be busy completing projects for them this year and in the next few years.”
In December 2013, Century has completed more than 1,300 units of Knightsbridge Residences at Century City in Kalayaan Avenue, Makati. Unit inspections and turnover have started with unit owners.
Meanwhile, the Century City Mall is scheduled for a soft opening this month. The Company said 17,000 square meters of the retail center’s net leasable space is over 90% leased out to more than 100 tenants, including include a high-end supermarket, premium cinemas, café, restaurants, boutiques and specialty stores.
By the end of 2014, Century said it will turn over more than 500 clinic suites at Centuria Medical Makati, a 28-storey outpatient IT-medical arts building also at Century City.
There are three more buildings in the Century City development that are in various stages of development and construction, including Milano Residences (scheduled for a 2015 turnover), Trump Tower (scheduled for a 2016 turnover), the office-residential building called Century Spire (slated for a 2018 turnover).
Meanwhile, the Company will turn over by the end of February close to 600 units at the newly-completed St. Tropez building at the Azure Urban Resort Residences in Paranaque City. This is the third tower within the nine-building residential resort development, which has already turned over two towers totaling more than 1,300 units in 2013.
Construction of Azure’s third and fourth buildings has reached their top off stage, and Azure’s ninth tower, the Bahamas, launched more than 750 units recently.
In March, Century will officially open the Azure’s Paris Beach Club, a multi-level amenity center designed by Paris Hilton, with the international celebrity slated to personally grace the occasion.
Century Properties likewise announced that construction works are on schedule for its multi-tower, masterplanned community developments Acqua Private Residences in Mandaluyong City, and the Residences at Commonwealth in Quezon City.
Acqua’s first tower, Sutherland, will be turned over in 2015 and construction for the rest of the 6-tower development is ongoing. Meanwhile, construction continues for the first three buildings of the eight-tower Commonwealth development, with the first building scheduled for turnover also in 2015.
In the last five years, Century Properties has developed premium market leadership through design and partnering with world renowned brands such as Trump for the Trump Tower at Century City, Missoni Home for Acqua Livingstone residences, Versace Home for Milano Residences, John Hitchcox and Philippe Starck through yoo inspired by Starck for Acqua Iguazu residences, and Armani and Studio Daniel Libeskind for Century Spire.
Century Properties Group, Inc. is a forerunner of premium real еstatе developments in the Philippines. Since it was founded 28 years ago, Century Properties has transformed 744,576 square meters of space into premier residential and office developments in and outside Metro Manila. Its name has become synonymous with quality real еstatе projects that showcase the best of innovations and world-class design, with a desire to contribute to the transformation of the Philippines into a global destination.
