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Century Properties Group, Incorporated, formerly East Asia Power Resources Corporation, (“CPGI” or the “Company”) was originally incorporated on March 23, 1975 as Northwest Holdings and Resources Corporation. In September 26, 2011, the Board of Directors of CPGI approved the change in the Company’s corporate name to its present name, as well as the change in its primary business purpose from power generation to that of a holding company and real estate business.

 

Century Properties Inc. (CPI) is the Parent Company of CPGI. On September 2011, the Board of Directors of CPI approved the subscription of shares of CPI’s subsidiaries to CPGI in order for CPGI to be engaged in the real estate industry.

 

Today, CPGI through its subsidiaries and affiliates, is one of the few publicly-owned property firms that offers a full-range of services, including property development, sales and marketing, and property management. The Company undertakes real estate projects and developments through its subsidiaries, namely: (i) Century Communities Corporation (“CCC”), (ii) Century Properties Management, Inc. (“CPMI”), (iii) Century City Development Corporation (“CCDC”), and (iv) Century Limitless Corporation (“CLC”).

 

As one of the most highly experienced real estate companies in the industry, the Company has built over 22 buildings (with over 4,200 units) and 720 homes, with a 100% completion rate of all its projects. Its roster of noteworthy developments include the award-winning Essensa East Forbes (“Essensa”) in Fort Bonifacio, South of Market (“SOMA”) in Fort Bonifacio, SOHO Central in the Greenfield District of Mandaluyong, Pacific Place in Ortigas and the string of French-inspired condominium buildings in Makati called Le Triomphe, Le Domaine and Le Metropole. The Company also pioneered the concept of medical arts buildings with its Medical Plaza projects located in Makati and Ortigas.

 

In 2007, it started the development of the 3.4-hectare mixed-use project called Century City in Kalayaan Avenue, Makati. Comprising Century City’s master plan are a retail center, office buildings, and residential buildings. To date, 5 projects are under development including Gramercy Residences, Knightsbridge Residences, Milano Residences (partnership with Versace Homes), Trump Tower Manila (under license from the Trump Organization), Centuria Medical Makati (with a partnership with GE) and the retail center.

 

In 2009, CLC, ventured into the affordable market segment with its first project, Azure Urban Resort Residences located beside SM Bicutan in Parañaque City. Designed by the award-winning firm Broadway Malyan, the nine-building residential enclave will rise on a six-hectare property, 80% of which is envisioned to consist of open space. CLC also launched Acqua Residences in 2011, a 6 building development located on a 2.4hectare plot in Mandaluyong City.

 

As for property management, the Company’s subsidiary, CPMI, is involved in a full range of services —from lease and sales to facilities management and auction services — and has successfully earned a steady clientele of third-party property owners and managers. To date, CPMI, currently an affiliate of the Company, manages 43 buildings comprising 1.9 million square meters. Through CPMI’s property management services, the Company is able to ensure that the buildings it develops maintain their asset value, and are safe and secure. Notable third-party properties under management include the Asian Development Bank in Ortigas, BPI Buendia Center in Makati, Philippine National Bank Headquarters in Manila, Pacific Star Building in Makati, and Makati Medical Center in Makati.

 

Twenty-seven years later, the Parent Company has emerged as a strong player in the real estate industry, earning a reputation for actively revolutionizing housing concepts in the country. Among its pioneering contributions is the Fully-Fitted and Fully-Furnished (“FF/FF”) concept, now an industry standard in real estate.

In the near future, as Century Properties Group Inc. continues on its mission to broaden the experiences of, and build premium homes for, Filipinos from all walks of life, and foresees a place among the top five firms in residential real estate sales and development in the country.

The Right Country

 

 

Philippines is in the heart of the Asia-Pacific Region – one of the fastest growing economic region in the world. Its strategic location near Asia’s 10 major cities, its English language-proficient workforce, and its young population, with approximately 45% below the age of 20, make it attractive for outsourcing and investments.

 

Its economy is driven largely by an extensive, first-rate BPO sector; massive worldwide expatriate remittances from its global Filipino workforce, ranked #4 in the world only next to China, India and Mexico; and a dynamic, multifaceted tourism industry.

 

With close to 100 million people, and being the 12th most populated country in the world, it has remained remarkably resilient, being only one of 3 Asian countries that posted positive GDP growth during the recent downturn of 2009. Its recent economic triumphs have created a burgeoning middle-class that’s eager and able to afford new housing, personal amenities, and a better quality of life. This trend is powering the country’s present robust consumer spending and real estate boom. With property prices going at a fraction of their major Asian counterparts, Manila has become a potent base for international business and investment.

 

Indeed the Philippines’ highly technologized, future-focused cities, positive economic policies, friendly people, and vibrant city culture make it a viable center for any global business.

 

 

The Right Industry

 

 

As a result of heavy foreign investments, increased labor opportunities and a rapidly expanding middle-class, the demand for affordable-to-high end residential, business and commercial real estate has risen. The relatively low Philippine interest rates and the fact that many Filipinos are first time property buyers make home-buying an attractive prospect for families.

 

The country’s steady growth in home ownership is further aided by banks reducing their home loan rates, driving further buying opportunities. Per Philippine government statistics, there exists a backlog of 3.6M homes nationwide that the industry is trying to serve.

 

The market clearly exists; it’s simply a matter of meeting the demand.

Be part of the Century community.

INQUIRE NOW!

+63917-532-3100

 

 

LEA ANALYN DE VEYRA

Senior Project Director

for International Sales

Century Properties-Premiere

Licensed Broker PRC#17047

 

 

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