Century Properties Group, Inc. is a real estate company involved in developing residential, retail, and office properties, marketing, and property management services.
Century Properties Group, Inc., (CPGI) is one of the leading real estate companies in the Philippines with a 36-year track record. The Company is primarily engaged in developing, marketing, and selling mid- and high-rise condominiums and single detached homes, as well as the leasing of retail and office space, and property management.
As a company, it started operations in 1986 and was listed on the Philippine Stock Exchange under the ticker CPG:PM in 2012.
As of December 31, 2021, the Company has completed 34 projects, which include the following: 30 residential projects, consisting of 17,169 units with a total gross floor area (GFA) of 1,299,860 sq.m. (inclusive of parking); a retail commercial building with a gross leasable area (“GLA”) of 16,443 sqm (inclusive of parking); a medical office building with GLA of 29,968 sqm (inclusive of parking); and two (2) office buildings with GLA of 30,584 sqm (inclusive of parking) and 57,137 sqm (inclusive of parking), respectively.
These completions are in addition to the 19 buildings totaling 4,128 units and 548,262 sq.m. of GFA that were completed prior to 2010 by the founding principals’ prior development companies, the Meridien Group of Companies (“Meridien”). Noteworthy developments under Meridien are the Essensa East Forbes and South of Market in Fort Bonifacio, SOHO Central in the Greenfield District of Mandaluyong City, Pacific Place in Ortigas, and Le Triomphe, Le Domaine, and Le Metropole in Makati City.
Among its recent residential developments are the Acqua Private Residences, The Resort Residences at Azure North, Batulao Artscapes, The Residences at Commonwealth by Century, Azure Urban Resort Residences, Knightsbridge Residences, The Gramercy Residences, The Milano Residences, and Century Spire.
Continuing its legacy in medical arts building development, it built the Centuria Medical Makati, the country’s largest and most comprehensive outpatient medical facility.
YEARS OF EXPERIENCE
start of company operations
total units completed
million total square meters developed
acres in 14 master-planned communities
In recent years, CPG has diversified from developing in-city vertical residential properties (under its subsidiaries Century City Development Corporation and Century Limitless Corporation) to leasing commercial and office spaces with Century Diamond Tower, the Asian Century Center, and a portion of Century Spire; as well as developing horizontal affordable housing through PHirst Park Homes, Inc. in key growth cities outside Metro Manila. The Company owns 60% of PPHI under a joint venture partnership with Mitsubishi Corporation. Since PPHI’s launch in 2017, the Company has completed a total of 3,507 horizontal homes.
Through Century Properties Management, Inc. (“CPMI”), the Company is engaged in facilities management and auction services, leasing, and secondary sales. It is known for ensuring the properties it manages to maintain and improve their asset value, and are safe and secure. CPMI manages 51 projects covering 99 buildings as of December 31, 2021, with 2.75 million sq.m of GFA under management. Of the total, 71% of the projects CPMI manages were developed by third parties. Notable third-party developed projects under management include the One Corporate Centre and Union Bank Plaza in Ortigas, Pacific Star Building in Makati City, and various buildings of Bank of the Philippine Islands and Philippine National Bank located in Manila, Makati City, and Pasig City.
The Company’s principal shareholder is Century Properties, Inc. who owns 7,536,959,787 shares or 64.98% as of December 31, 2021. Public ownership of the Company is at 32.48%.
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.
In its 2021 financial reports, the company reported a Php1.27 billion net income, up from Php 1.15 billion in 2020. The Company’s total revenue amounted to Php 9.44 billion in 2021, with real estate revenue of Php 7.66 billion, leasing revenue of Php1.2 billion, and property management fee and other services of Php 0.4 billion. Of the total real estate revenue, affordable housing portfolio contributed Php 3.9 billion.