Corporate Profile
Our Company
Century Properties Group, Inc., (“CPGI or the Company”) is one of the leading real estate companies in the Philippines with 39 years of experience. The Company is primarily engaged in the development, marketing, and sale of mid- and high-rise condominiums and single detached homes, leasing of retail and office space, and property management.
As of December 31, 2024, the Company has completed 39 projects, which includes 34 residential projects, consisting of 18,810 units and an aggregate gross floor area (“GFA”) of 1,514,275 sqm (inclusive of parking) and retail commercial building with gross leasable area (“GLA”) of 16,443 sqm (inclusive of parking); a medical office building with GLA of 29,749 sqm (inclusive of parking); two (2) office buildings with GLA of 29,154 sqm (inclusive of parking) and 57,137 sqm (inclusive of parking), respectively, and CPGI’s first hospitality venture, a 152-room hotel with 12,538 sqm (inclusive of parking). Furthermore, the Company has also completed 13,517 homes under its affordable housing segment. These are in addition to the 19 buildings consisting of 4,128 units with an aggregate GFA of 548,262 sqm that were completed prior to 2010 by the Meridien Group of Companies (“Meridien”), the founding principals’ prior development companies. Noteworthy developments of Meridien include: The Essensa East Forbes and South of Market in Fort Bonifacio, SOHO Central in the Greenfield District of Mandaluyong City, Pacific Place in Ortigas, Le Triomphe, Le Domaine, and Le Metropole in Makati City.
Currently, the company holds 100% direct ownership in its subsidiaries: Century Communities Corporation (CCC), Century City Development Corporation (CCDC), Century Limitless Corporation (CLC), Century Properties Management Inc. (CPMI), PHirst Park Homes, Inc. (PPHI), Century Destinations and Lifestyle Corp. (CDLC), and Century Nuliv Development Corporation (CNDC).
Century Communities Corporation (CCC), established in 1994, focuses on horizontal house and lot developments and is the developer of Canyon Ranch in Carmona, Cavite.
Century City Development Corporation (CCDC), formed in 2006, is known for mixed-use communities such as the 3.4-hectare Century City along Kalayaan Avenue in Makati.
Century Limitless Corporation (CLC), launched in 2008, caters to first-time homebuyers and investors through affordable, high-quality residential projects.
Century Properties Management Inc. (CPMI), incorporated in 1989, is one of the country’s largest property management firms, overseeing 67 projects with a combined gross floor area of 9.51 million sqm. It is recognized for introducing international standards in the local property management industry.
Century Destinations and Lifestyle Corp. (CDLC), formerly Century Properties Hotel and Leisure, Inc., was established in 2014 to engage in hotel, leisure, and related ventures.
PHirst Park Homes Inc. (PPHI), incorporated in 2018 as CPGI’s first-home brand, focuses on horizontal residential developments in fringe Metro Manila areas. Originally a 60-40 joint venture with Mitsubishi Corporation, CPGI acquired full ownership in 2023 through the purchase of Mitsubishi’s stake.
Century Nuliv Development Corporation (CNDC), formerly Century Prima Corp., was incorporated in 2020 to serve the luxury market through premium townvillas and low-density developments. On September 2, 2024, CNDC’s Board and stockholders approved its liquidation and cessation of operations effective October 31, 2025. The SEC has approved the amendment to its corporate life, and approval from the Bureau of Internal Revenue is pending.
On February 22, 2024, CPGI issued the Primary Offering of 20 million perpetual, cumulative, non-participating, non-voting, redeemable, non-convertible Series B Preferred Shares (“CPGPB”) worth an aggregate issue amount of P2 Billion at an offer price of P100 per share. CPGPB was listed and traded on the Main Board of The Philippine Stock Exchange (PSE) with an initial Dividend Rate of 7.5432% per annum. China Bank Capital Corporation acted as the sole issue manager, lead underwriter, and bookrunner for the transaction.
On March 1, 2024, CPGI redeemed its P3 Billion Fixed Rate 3-Year Bonds with a coupon rate of 4.8467% per annum issued on 1 March 2021.
On April 16, 2024, CPGI’s credit rating of “AA+” was reaffirmed by Credit Rating and Investors Services Philippines, Inc. (CRISP), citing sustained market position and continued revenue growth. CRISP stated that CPGI’s diversified market portfolio has enabled the company to maintain its position in a competitive market. It also recognized the CPGI’s strategic entry into the horizontal affordable housing development market which has positioned it comfortably for further expansion, and highlighted the company’s healthy financial position with continued growth in core revenues and a strong recovery from the downturn.
November 2023 marked another CPGI milestone, the formal public opening of Novotel Suites Manila at Acqua in Mandaluyong City, CPGI’s inaugural venture into the hospitality industry.
Shareholders
The Company’s principal shareholder is Century Properties, Inc., which owns 8,020,332,527 or 69.14% as of December 31, 2024. Public ownership of the Company is at 28.32%.
Century City
In 2006, the Company bought a portion of the lot formerly occupied by the International School of Manila. Using its experience in developing buildings and infrastructure, the Company incorporated CCDC on December 19, 2006 to expand Century’s business into large-scale mixed-use developments. Presently, the said area located in Kalayaan Avenue, Makati is the venue for CCDC’s residential projects: Milano Residences, The Gramercy Residences, The Knightsbridge Residences, and Century Spire. It also houses the Centuria Medical Center, a one-stop outpatient medical-IT facility; and Century City Mall.
Financial Disclosures
The company delivered an impressive performance in 2024, posting a 31.7% year-on-year jump in net income after tax (NIAT) to P2.44 billion from P1.86 billion in 2023. Revenues rose 15.3% to P14.64 billion, fueled by a booming first-home market and continued momentum in the company’s premium residential business segment. Revenues from the first-home segment surged to P9.9 billion, up from P7.4 billion the previous year. The company’s higher-end offerings contributed P3 billion, while its leasing and property management arms added P1.31 billion and P464 million, respectively.
