Century Properties completes 2,853 condo projects in 2019

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, [...]

January 19th, 2020|Top News|

Century Properties keen on REIT launch

CENTURY Properties Group, Inc. (CPG) said it is “very interested” to launch real estate investment trusts (REITs) once the government finalizes its rules on the real estate investment platform. CPG President and Chief Executive Officer Jose Marco R. Antonio told reporters Friday the listed property developer is eyeing its office leasing portfolio to register for [...]

January 17th, 2020|Top News|

CPG to allocate P30-B capex for 3-yr expansion

PROPERTY developer Century Properties Group (CPG) Inc. is allocating some P30 billion in capital expenditures for the next three years to expand its business of now mainly affordable horizontal housing projects, office leasing and condominium operations. CPG President and CEO Marco R. Antonio said capex, for which it plans to spend an average of P10 [...]

January 17th, 2020|Top News|

Century Properties’ 9mo profit hits P1.2B

STRONG revenue growth propelled Century Properties Group Inc’s (CPG) nine-month net income by 81 percent to P1.2 billion from P661 million in 2018. Consolidated revenues for the period, the listed firm said in a disclosure on Tuesday, soared by 36 percent to P9.8 billion from P7.2 billion a year ago. “CPG’s strong 9 months performance [...]

November 15th, 2019|CPG News, Top News|

CPG income grows 81% in 9 mos

PROPERTY developer Century Properties Group (CPG) Inc. grew 81 percent to P1.2 billion, from last year’s P661 million as its diversification strategy to go into other developments startedbearing fruit. Consolidated revenues rose to 36 percent to P9.8 billion, from P7.2 billion year on year. “CPG’s strong nine months’ performance is the result of management’s strategy [...]

November 15th, 2019|CPG News, Top News|

Construction Update June 2019

Structural works continue at Century Spire; Passed all the required visual and performance tests during mock-up review and performance testing As of June 2019, structural works at Century Spire are already on the 50th floor. A simulation of Century Spire’s façade was also completed on the same month, including the full review of the structure [...]

October 7th, 2019|Top News|