Century Properties Group Inc. (CPGI) is planning the registration of bonds worth ₱12 billion with the Securities and Exchange Commission (SEC), followed by an initial offering of up to ₱5 billion.

In a disclosure to the Philippine Stock Exchange (PSE), the firm said it will be offering fixed-rate bonds with a principal amount of up to ₱3 billion and an oversubscription option of up to ₱2 billion.

The offering will consist of four-year series D bonds due in 2030 and seven-year series E bonds due in 2033, along with the shelf registration of not less than ₱7 billion to be offered over a period not exceeding five years from the effective date of the registration statement for the debt securities.

The bonds will be listed at Philippine Dealing & Exchange Corp. (PDEx).

CPGI expects to generate ₱4 billion from two residential projects rising in its Azure North Estate in Pampanga province while marking the completion of a new residential tower.

The firm announced a significant turning point in its Central Luzon expansion, celebrating three major milestones simultaneously at the estate.

CPGI said the celebration marked the first concrete pouring for Mykonos Tower, the groundbreaking of Azure North Townvillas, and the inauguration of the completed Barbados Tower—each representing distinct phases in the estate’s evolution into a comprehensive residential resort community.

Azure North Townvillas represents a strategic shift for CPGI as it enters the premium house-and-lot segment in Pampanga within the estate.

The exclusive 0.8-hectare (ha) enclave offers 49 units of three- and four-story homes with lot areas ranging from 69 to 133 square meters (sqm), featuring up to five bedrooms.

The limited inventory has already sold out, and the development is expected to generate ₱1.3 billion in revenues, with completion targeted for 2028.

Construction is also progressing on Mykonos Tower, the estate’s first mid-rise building launched in February 2025. With ₱1.2 billion in capital expenditures (capex) and sales projections of ₱2.7 billion, the tower is slated for completion by the end of 2027.

The development features generous unit cuts that exceed Metro Manila standards—studios range from 26.34 to 28.15 sqm compared to the typical 21 to 25 sqm in the capital, while one-bedroom units average 44 sqm versus the usual 35 to 40 sqm.

The inauguration of Barbados Tower marks the completion of the estate’s third and final high-rise building. The building achieved a 99-percent sell-out and is now ready for homeowner turnover.

The tower adds 820 units with a capex of ₱1.6 billion, bringing the total high-rise inventory across all three towers to 2,426 units.

Meanwhile, building on the success of phase-one amenities that include a man-made beach lagoon, wave pool, and exclusive clubhouse, CPGI is investing ₱215 million in Azure North Waterpark, expected to be completed by 2028 alongside a new playpark.

The enhanced amenity package will feature water slides, a basketball court, a children’s playground, and a pet park, further differentiating Azure North’s resort-style living proposition.

“These milestones reflect our commitment to delivering on the aspirations of homeowners and the promise of quality living," said CPGI President and Chief Executive Officer (CEO) Marco Antonio.

He added that, “Our focus extends beyond construction—we’re building the foundation for a lasting community where families can flourish."

Antonio emphasized how the project attracts homeowners and people looking to invest, especially Filipinos working abroad. He described their approach as building vibrant communities that offer family-friendly environments with recreational opportunities for kids while also providing opportunities to generate rental revenue.

The 7.8-ha Azure North Estate is strategically positioned in City of San Fernando, Pampanga, near major commercial centers including SM Pampanga and Robinsons Starmills.