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OFWs in Century Properties’ crosshairs for six projects

Property developer Century Properties Group Inc. has sold 95 percent of inventory in six residential buildings that are scheduled for completion in 2015. Thanks to strong demand from the overseas Filipino workers (OFWs) market.

CPG recently said the six projects had a total of 3,000 units offered for pre-selling with over P15 billion in sales value.

CPG director for investor relations Kristina Garcia attributed the strong sales to demand for mid-market and affordable housing from overseas Filipino workers (OFWs).

“We continue to give importance to the largely underserved overseas market with its strong demand and the strength of OFW remittances,” Garcia said. She added that the market is 11 million strong and spread across all continents.

Garcia said reservation sales came from CPG’s affordable to mid-market projects, such as the Positano and Miami towers of the Azure Urban Residences in Parañaque City, Niagara and Sutherland towers of Acqua Private Residences in Mandaluyong City, and Osmeña West tower of the Residences at Commonwealth in Quezon City.

Source: Manila Standard Today | January 16, 2015

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