CENTURY PROPERTIES Group, Inc. has pre-sold nearly all units at its Metro Manila property projects, the firm said in a statement on Saturday last week.
“As of the year ending 2012, we are happy to report a take-up rate of 92%, equivalent to 12,289 units of Century Properties’ 23 launched buildings. The favorable economic backdrop helped boost market confidence and low ownership rates are empowering end-users and first-time buyers to make wise choices in their property purchases,” Jose Marco R. Antonio Century Properties co-chief operating officer, said in the statement.
According to Century Properties, brisk take-up was seen for all Metro Manila projects: Azure Urban Resort Residences, Residences at Commonwealth by Century, Acqua Private Residences, Milano Residences, Trump Tower at Century City, and Centuria Medical Makati.
The P8-billion Azure Urban Resort Residences, a nine-building, resort-inspired development in Parañaque City, was 96% pre-sold, while the P4-billion Residences at Century by Commonwealth, an eight-building, mid-rise condominium complex in Quezon City, was 92% pre-sold. Similarly, the P7-billion Acqua Private Residences, six-building river-front project in Mandaluyong City, was “significantly pre-sold,” Century Properties said without elaborating.
The company also reported strong sales at its developments in Makati City. The P3-billion Milano Residences, Versace Home-designed residential tower; as well as the P6-billion Trump Tower at Century City — named after American real еstatе mogul Donald J. Trump — were 87% and 72% pre-sold, respectively; while P2.1-billion Centuria Medical Makati, a 553-clinic medical arts and outpatient building, was 84% pre-sold. Milano Residences, Trump Tower at Century City, and Centuria Medical Makati are all located within the P15-billion Century City, a 3.4-hectare complex along Kalayaan Avenue in Bel-Air, Makati City.
Century Properties added that the first two months of 2013 “are registering positive pre-sales momentum.”
Its shares gained two centavos to P2.19 each last Friday.
Source: Businessworld Online | March 10, 2013