Century Properties reports P6B reservation sales in H1

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Century Properties Group Inc. reported P6.1 billion in reservation sales for the first half of the year. It said this is “equivalent to 1,925 homes or 651 condominium units under its in-city vertical developments business and 1,274 house and lot units under its affordable housing brand.”

The company said its digitalization push helped in growing reservation sales in the six-month period – from P2.96 billion in the first quarter to P3.16 billion in the second quarter.

“Century Properties was quick to adapt to digital selling and contactless transactions that generated healthy reservation sales for the first half of 2020. From an investment standpoint, real estate is more stable and safe in the long term, and it’s a hard asset that you can use,” said Marco Antonio, Century Properties president.

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Century Properties said the reservation sales are expected to accrue to its 2021 earnings.

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