Century Properties Group (CPG) is facing 2021 with optimism despite the challenges brought about by the new coronavirus disease 2019 (COVID-19).
CPG aims to diversify its portfolio for further expansion while reducing its carbon footprint and creating buildings with the future of the planet in mind.
In 2020, pushed through with its business expansion plans in the face of COVID-19.
Aside from growing its commercial leasing business and affordable housing portfolio, it also maintained the healthy sales of its in-city vertical developments.
The company posted P1.6 billion in reservation sales for the first half of 2020 which is equivalent to 1,925 homes or 651 units under its in-city vertical developments business and 1,274 house and lot units under PHirst Park Homes.
PHirst Park Homes, the company’s affordable housing brand, launched its sixth and seventh horizontal community this year – in Nasugbu, Batangas and in Magalang, Pampanga, respectively. PHirst Park Homes has maintained its sales momentum, posting reservation sales worth P3.12 billion from its first six projects in Cavite, Laguna, Bulacan, and Batangas for the first six months of 2020.
For commercial leasing, CPG acquired the 40 percent stake of joint venture partner Mitsubishi Corp.’s subsidiary in the PEZA-accredited Century Diamond Tower in Makati City.
CPG also completed projects, turning over 1, 200 units this year. Another 1, 600 units will be turned over from February to April in 2021 . Construction is ongoing at Commonwealth by Century in Quezon City, Batulao Artscapes in Nasugbu, Batangas, and Azure North in San Fernando, Pampanga.
The company temporarily closed and deferred the opening of its 310-room hotel operation at the Tower 6 of Acqua Private Residences, for the safety of staff and guests, and to protect stakeholder interest.