Listed real еstatе developer Century Properties Group, Inc. (CPG.PM) recently announced that it successfully completed construction of six residential condominium projects in 2015. This marks a banner year for the company in terms of number of project completions in a single year, since listing on the local bourse in 2012.
The projects, located in Century’s master-planned communities, total 3,000 units and are 97% sold with total sales value of P16 billion. Specifically, the completed condominium developments are the Positano and Miami towers at Azure Urban Resort Residences in Parañaque City, the Niagara and Sutherland towers at Acqua Private Residences in Mandaluyong City, the Osmeña West Tower at Commonwealth by Century in Quezon City, and luxury development, The Milano Residences, with interiors designed by Versace Home, at flagship Century City in Makati.
In line with its Century 2020 blueprint, Century is on track to completing another seven residential condominiums within the next two years. The projects, with a total of 3,100 units, are 95% sold and have a sales value of P20.3 billion. These 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.
As it approaches its thirtieth year in the industry, 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.
Included in its portfolio of near-term completions are Acqua Livingstone with interiors designed by MissoniHome; and Trump Tower at Century City.
In addition to its residential projects, the company is, likewise, 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 thirty years,” continued Garcia.
PHOTO REFERENCES: Completed Buildings