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Century Properties to launch P10.6-billion projects through 2018

CENTURY Properties Group Inc. (CPG), the property-development firm of the Antonio family, said it will launch P10.6 billion worth of projects from now through 2018 after a two-year lull as it ventures into affordable housing.

The company, known for its luxury and branded developments, said about P4.5 billion will be for its 26-hectare affordable housing project in Tanza, Cavite; P2.7 billion for its Azure North Townhouse project in Pampanga; P2.2 billion for its Batulao luxury-housing development; and the rest will be for a townhouse project in Mandaluyong.

It also has another project in San Vicente in Palawan, but the company still has not allotted funds for its project.
President and CEO Jose Antonio said the company is rebooting its 2020 plan with the venture in affordable housing after a two-year lull in project launches.

“We haven’t done the math here, but the affordable-housing segment will be 35 percent of our total income. We’re ramping up; we’ll stabilize this to 20,000 units in 2020. That’s our target,” he said at the sidelines of the company’s stockholders meeting on Thursday.

Its first affordable-housing project in Cavite will have around 2,877 units, each worth between P1.1 million and P1.8 million, but the bulk of the units will be around P1.4 million.

“Amortization of the units is about P8,000 per month, just like renting a house, so many people are buying and this is very good. It’s a testament to the increasing purchasing power of our middle class. That is the theme of what we want to do to take the opportunity of the rising middle class in the Philippines. We will build all these communities that are affordable,” said Antonio, who last year was named as the country’s special envoy to the US by the Duterte administration.

He said the Cavite project is just the first of the many lots that will comprise its affordable-housing projects.
“We have other sites basically around Metro Manila and key cities in the Philippines. That’s our target,” he said, adding it is closing land-acquisition deals in areas, such as Cavite, Laguna, Batangas and Bulacan.

“Our margins from affordable housing is higher than other product lines because we would get the incentive from what is provided by the government. We are registered with the Board of Investments [BOI] so we get incentives from the BOI, which is a tax holiday and no VAT [value-added tax],” he said.

The company sells its affordable housing at about P40,000 to P45,000 per square meter (sq m), while selling luxury units for about P300,000 per sq m.
​
“So that tells you the difference in price,” he added.
By  VG Cabuag
https://businessmirror.com.ph

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  • Home
  • House and Lot
    • San Fernando >
      • Aspire Prime Residences
      • Amaia Scapes San Fernando
      • Bria Homes San Fernando
      • The Hauslands Pampanga
      • Park Place
      • La Aldea Fernandina
      • Horizon Residences
      • Crystal Peak Homes
      • Montana Strands
      • Montana Views
      • Montana Glades
      • Woodgrove Park
      • Sendara Plains
      • Denisa Townhomes
      • Bridgepointe Place
      • Alpine Residences
      • Madonna Residences
      • Tiera Rica
      • Fiesta Communities San Fernando
      • Shophouse District at Capital Town
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      • Fairway Village at Lakeshore
      • The Grove at The Lakeshore
      • The Palms at Lakeshore
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      • Talanai Homes
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      • The Arcadia
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      • Prime by Fiesta Communities Porac
    • Bacolor >
      • Hampton Orchards
      • Solana Casa Real
      • La Tierra Solana
      • Northridge Vista
    • Minalin >
      • Highview Residences
    • Apalit >
      • Camella Fiorenza
      • Lessandra Apalit
    • Floridablanca >
      • Manchester Homes
      • Madison Homes
  • Condo
    • San Fernando >
      • Azure North >
        • Mykonos Tower
      • Capital Town >
        • Chelsea Parkplace
        • Bryant Parklane
        • Montrose Parkview
        • Saint Marcel Residences
        • Savoy Hotel
        • Shophouse District
      • Amistelle by Asterra
    • Mexico >
      • The Lighthouse Residences
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      • Rockwell Center Nepo Angeles
      • Now Residences
    • Clark >
      • Aperito Clark
      • Besco Clark Residences
      • Golf Ridge Private Estate
    • New Clark City >
      • The Residences
  • Other Properties
    • Memorial Lots >
      • Forest Lake Floridablanca
      • Golden Haven Angeles
    • Resale
  • Inquiry
  • News and Events
    • Revolution Precrafted pushes design democratization
    • Revolution properties has designer homes, now precrafted for ease of access and at a fraction of the cost
    • Your First Look At The Designer Prefab Homes Coming To Manila
    • World’s first livable art park is here
    • Century Properties to launch P10.6-billion projects through 2018
    • Century Properties’ 1st tourism project rakes in P1.7B sales
    • Precrafted homes to rise in Pampanga
    • PH company in $3.2-B deal with Dubai firm
    • Seven Tides seals $3.2bn deal to build luxury villas
    • Tie-up sealed for building homes, stores in Lakeshore
    • Robbie Antonio's Unicorn Startup Seals $3.2-B Deal to Build Luxury Villas in Dubai
    • Revolution Flavorscapes Launch
    • Robbie Antonio's Unicorn Startup Seals $3.2-B Deal to Build Luxury Villas in Dubai
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    • ​Revolution Flavorscapes at Lakeshore: The World's First Livable Food Park
    • September Update
    • Pampanga, a perfect place for investment – Enrile
    • Clark investments, attractions continue to increase
    • A Promising Real Estate Landscape in the City of San Fernando, Pampanga
    • Smart investments beckon in Pampanga
    • The 8 Best Investment Locations in the Philippines for 2020
    • The rise of the Pampanga megalopolis
    • Central Luzon new ‘epicenter’ for property investments
    • Central Luzon is top PHL investment destination
    • Central Luzon tops 2020 investments thanks to Bulacan airport project
    • The rise of Clark
    • ALI invests P18 billion in Tarlac City estate
    • ALI hits a ‘Cresendo’ of great excitement
  • Blogs
    • 6 Essential Steps to Take Before Buying Land in the Philippines
    • Your Ultimate Guide to Applying for an SSS Housing Loan for Repairs and Improvements
    • Guide to Applying for a Pag-IBIG Housing Loan
    • Asterra San Fernando, Pampanga
    • Revolution Flavorscapes Lakeshore
    • Revolution Flavorscapes in Lakeshore Pampanga
    • Revolution Flavorscapes at Lakeshore Mexico Pampanga
    • Revolution Flavorscapes Project Overview
    • Revolution Flavorscape
    • Grand Family Palooza August 11, 2018 event
    • Revolution Flavorscapes Lakeshore Pampanga
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    • Beverly Place | Settle in Pampanga
    • Ajoya Pampanga |. Discover your home for life at our Ajoya developments!
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    • Rockwell gains foothold in Angeles, Pampanga | Rockwell Nepo
    • Rockwell eyes P6.7-b sales in Angeles City | Rockwell Nepo
    • ROCKWELL READIES ANGELES DEVELOPMENT | Rockwell Nepo
    • Rockwell, TGN Realty Ink Deal To Develop Land In Pampanga | Rockwell Nepo
    • Rockwell To Start Developing Angeles Project | Rockwell Nepo
    • Rockwell Land to develop Pampanga mixed use project | Rockwell Nepo
    • Rockwell to launch Pampanga project | Rockwell Nepo
    • Golf Ridge Private Estates | Filigree
    • Asterra San Fernando Pampanga | Asterra: ‘Talk of the town’ as affordable property
    • Asterra San Fernando Pampanga
    • VOJO Urban Luxury Resort Condominium
    • ​LAS PALMERAS | Redefining urban living in Pampanga
    • Asterra San Fernando Pampanga showroom
    • Madonna Residences, San Fernando, Pampanga
    • ​𝘾𝙚𝙣𝙩𝙧𝙖𝙡𝙖 𝙗𝙮 𝘼𝙮𝙖𝙡𝙖 𝙇𝙖𝙣𝙙 COMMERCIAL LOT
    • Invest in Centrala – Alveo Ayala Land’s Commercial Lots For Sale In Angeles City, Pampanga
    • Montclair Destination Estate
    • Join Our Team | CTRL+ F REALTY
    • Denisa Townhomes in Brgy. Lara and Sanguin, San Fernando, Pampanga
    • DENISA TOWNHOMES by Borland Devt. Corp
    • Hamana Homes in Magalang, Pampanga
    • Savoy Hotel in Capital Town, San Fernando Pampanga
    • The Residences in New Clark City, Tarlac
    • The Lighthouse Residences Condominium with a Hotel Component
    • Azure North San Fernando, Pampanga
    • Fairway Village at The Lakeshore in Mexico Pampanga
    • Azure North Townvillas
    • Comparison1
    • Tiera Rica San Fernando, Pampanga
    • Solleado Tropical Condo Villas
    • Charleston Place in Sta Ana, Pampanga
    • Filmore Place in Magalang Pampanga (Apec Homes)
    • Mykonos Tower Azure North
    • Pagsikat Place in Magalang, Pampanga
    • The Grove at Lakeshore Mexico
    • Symphony Homes Mabalacat
    • Clark Aperito Condominium
    • Montana Glades San Fernando, Pampanga
    • Solenza
    • Flat Condominium in Angeles City
    • Xevera Prestige Mabalacat
    • Cascaia by Vista Estates
    • Xevera Prestige in Mabalacat City
    • Xevera Prestige Mabalacat City, Pampanga
    • Marina Heights Sucat
    • Cascaia by Vista Estates Condominium
    • Rania Model at Solana Zaragoza
    • Live Bigger with the Miranda Model at Solana Zaragoza
    • Hauslands Clarkway
    • Manchester Homes Floridablanca
  • Promos
    • Homes near SM Pampanga