By James A. Loyola
Century Properties Group, Inc. has completed 2,853 condominium units this year while aggressively expanding into affordable housing, through PHirst Park Homes, and commercial leasing.
Under its in-city vertical developments, CPG has fully completed the 9-tower, six-hectare Azure Urban Resort Residences in Parañaque City this November with the turnover of 846 units at its final tower, the Bahamas.
Collectively, all nine Azure towers comprise 5,350 units with a total sales value of P26.2 billion, and with 98 percent of the inventory already sold out.
The company also completed this year the Roxas West tower (500 units) in Quezon City - with an additional 1,015 units expected for completion by the end of the year - as well as Acqua Iguazu YOO inspired by Starck tower (492 units) and by next year, the upcoming opening of Novotel Suites Manila.
The turnover of Iguazu this year and the forthcoming opening of Novotel will mark the full delivery of the six-tower Acqua Private Residences masterplan in Mandaluyong City with a total of 3,168 residential units and a sales value of ₱18.4 billion, with 98.6 percent of the units sold out.
Further, CPG has completed an additional 821 house and lot units as of November 2019 through its affordable housing brand PHirst Park Homes, a joint venture with Mitsubishi Corporation.
Two years since its launch, PHirst Park Homes has already rolled out 5 of the 15 masterplanned communities in its pipeline in Tanza, Cavite; Lipa, Batangas; and this year, in San Pablo and Calamba, Laguna; and Pandi, Bulacan.
Collectively, this is 84.2 hectares and 8,799 units valued at ₱14.8 billion, with ₱7.7 billion sold out as of October 2019. A total of 33,000 units will be launched by PHirst until 2023.
Under its commercial leasing business, CPG has completed and fully leased out the Asian Century Center in Bonifacio Global City with 56,284 square meters of gross floor area and is soon adding to its portfolio the 41-storey PEZA-accredited Century Diamond Tower office building at Century City Makati with 63,110 square meters of gross floor area once fully completed.