Century Properties Group
...BDO funding

Century Properties taps BDO for PHirst Park Homes brand

CENTURY Properties Group Inc. (CPG) on Monday said it has signed a P1-billion loan facility with BDO Unibank Inc. for the developmental funding and end-user financing for the company’s economic residential brand.

Under the agreement, PHirst Park Homes, the company’s residential brand, through its companies Tanza Properties I, II, III Inc., has secured the term loan from BDO for the land development and construction of the Tanza project in Cavite.

The said project is a 26-hectare horizontal community accessible via Governor’s Drive, Cavite, with a total of 2,877 units. Launched in the second quarter of 2017, the property has commenced with land development for its first phase, which will initially have 950 units.

Target completion for the land development of the first phase is on the third quarter of 2018.

The PHirst Park Homes-BDO partnership will also benefit buyers as its end-user financing will offer flexible home-loan terms, the company said.

“Following CPG’s tradition of quality and innovation, PHirst Park Homes is building a premium community in Tanza while elevating the standards of the first-home market category at competitive price points. We are proud of this partnership with BDO Unibank, as it makes our homes more accessible to first-time home buyers but also attainable for them with flexible loan terms,” PHirst Park Homes President Ricky Celis said.

Construction of the first 878 homes will begin in the first quarter of 2018, to be turned over in the third quarter of the same year. Construction of the remaining 72 units is set to start by the second quarter of 2018, to be turned over before the year-end.

As of September reservation sales for the first phase have reached 91 percent, valued at approximately P1.2 billion.

The launch of CPG’s first home segment, a partnership with Japan’s Mitsubishi Corp., expands the company’s portfolio of residential offerings, from luxury and mid-priced condominiums in the business districts and city centres to first homes in horizontal communities within key growth areas outside Metro Manila.


source: https://businessmirror.com.ph/century-pr...mes-brand/
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...provincial push

Century forays into leisure with art park in Batangas

Century Properties Group, Inc. (CPG) is expanding into leisure and tourism with the launch of a 54-hectare development in Batangas expected to bring in P19 billion in sales revenues.

In a statement over the weekend, CPG said its subsidiary Century Limitless Corporation will develop Batulao Artscapes, described as the “world’s first liveable art park.”

Batulao Artscapes will feature houses designed by local and international architects, and marks CPG’s first horizontal development in the leisure and tourism segment. This is also part of the company’s 142-hectare lot in Nasugbu, Batangas, which is expected to have a sales value of more than P50 billion once fully developed.

The estate will be divided into four villages, each featuring the design aesthetics of different architects. CPG has tapped architect Eduardo Calma for Cluster Village, and Budji Layug and Royal Pineda for Commune Village. Designer Kenneth Cobonpue’s creations will be the main attraction for Commune Village.

Meanwhile, the fourth section will be called Curated Village 1, which will include 12 houses each with a different design from various architectural firms, such as David Salle + AA Studio, Marcel Wonders, Marmol Radziner & Kravitz Design, and Philip Johnson Alan Ritchie Architects, among others.

“Our vision is to create a design-driven community that celebrates art and adventure in an expansive natural landscape,” CPG Head of Investor Relations Kristina Lowella I. Garcia said in a statement.

Houses inside the estate will be sold from P4 million for a 56-square meter property to P17.4 million for houses inside Curated Village 1.

As part of the project, CPG will develop a man-made beach, a clubhouse, and a lake with a wedding chapel. The company will also be constructing a sports park and art park with museums.

For Batulao Artscapes, the listed property developer targeting families, weekend adventure seekers, and retirees. CPG will provide special assistance for foreign nationals and former Filipino citizens to acquire a Special Resident Retiree’s Visa.

CPG is banking on the location of the project, situated 1.5 to two hours from Makati through the Nasugbu-Kaybiang Tunnel, Star Tollway to Tanauan Exit, South Luzon Expressway, or Cavite Expressway, to draw buyers.

The company also cited the construction of the 49-kilometer Cavite-Tagaytay-Batangas Expressway by the first quarter of 2019 to cut travel time to less than an hour.

CPG has been diversifying its product mix by venturing into retail, office, and leisure development, from previously focusing on high-end condominium projects with international brand partners. This strategy is expected to transform the company into a multi-platform real estate firm by 2020.

“The launch of this spectacular development also affirms CPG’s commitment to pursuing its strategic business plan of diversification into allied real estate segments including leisure and tourism,” Ms. Garcia said.

CPG’s attributable profit declined by 17% in the first nine months of 2017 to P538 million, following a 15% slump in revenues to P3.92 billion.


source: http://bworldonline.com/century-forays-l...-batangas/
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maka buy nga nito ...
Bullish or Bearish, I will Buy .... Autem Neque Me Invito Tactiost! \m/
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...pwede na 'to Tongue

Century Properties bullish on Batulao Artscapes project

CENTURY PROPERTIES Group, Inc. (CPG) is bullish on its newly launched Batulao Artscapes project in Nasugbu, Batangas, after selling out the first phase even before its public launch.

“We’ve sold out the first phase, so we exceeded in terms of expectations our sales velocity. We’ve very happy. This is our first public launch, and we’ve done that (the first sales) through teasers,” CPG Managing Director Jose Roberto R. Antonio said at the sidelines of the official launch of Batulao Artscapes in Bonifacio Global City on Saturday.

Batulao Artscapes is CPG’s newest project that will feature houses designed by local and international architects and built by Revolution Precrafted. It is part of the company’s 142-hectare property in Nasugbu.

CPG earlier said it expects to generate P19 billion in sales from Batulao Artscapes, a 54-hectare development described as the “world’s first liveable art park.”

Mr. Antonio, who is also the chief executive officer and founder of Revolution Precrafted, said each house will take up to three months to be built.

“The price point is about P3.6 million [for the units under the area] called Clusters. We have this area called Curated where we sell one-of-a-kind designer homes by international architects,” Mr. Antonio said.

Batulao Artscapes’ first three villages are designed by Filipino architects and designers — architect Eduardo Calma’s Polygonal Successions for Cluster Village; Budji Layug and Royal Pineda’s Tranche and Facet Homes for Collection Village; and designer Kenneth Cobonpue’s Hedera Homes for Commune Village.

For the fourth section Curated Village 1, CPG is offering 12 one-of-a-kind homes by international designers and architects such as David Salle + AA Studio for the “Billboard Home,” Marcel Wanders for “Eden,” Studio Libeskind Design for “Adaptation II,” and Daphne Guinness for the “Daphne Skin Home.” 

Units at Curated Village, which have their own private pool and guest home, start at P17.4 million.

CPG Chairman Jose E.B. Antonio said the company expects Batulao Artscapes to contribute significantly to its sales in the next few years.

“I think in four years’ time, we expect to earn much more than we’re earning now but a quarter to a third will be contributed by this platform Batulao Artscapes,” he said.

Batulao Artscapes represents CPG’s foray into leisure and tourism estate development. With the project, the company is targeting mainly foreign retirees and people looking for a second home which can serve as a weekend getaway.

“We really believe in the future of tourism and hospitality because this is still, what I believe, is one of the sunrise industries in the country considering that our tourism count is very low compared to our neighbors in the [Southeast] Asia. So that is an untapped potential that our company Century together now with Revolution Precrafted will be able to supply not only Filipinos but foreigners,” the CPG chairman said.

CPG has been diversifying its product mix by venturing into retail, office, and leisure development, from previously focusing on high-end condominium projects with international brand partners. This strategy is expected to transform the company into a multi-platform real estate firm by 2020.

The company’s attributable profit declined by 17% in the first nine months of 2017 to P538 million, following a 15% slump in revenues to P3.92 billion.


source: http://bworldonline.com/century-properti...s-project/
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im back from slumber Smile
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6-15

CPG targets double-digit profit growth this year

CENTURY Properties Group, Inc. (CPG) expects to see double-digit growth in net income this year, banking on its diversification into the affordable and leisure segments.

CPG Chairman, President, and Chief Executive Officer Jose E.B. Antonio said the company is projecting “mid- to high-teens growth” in 2018, noting it now has four segments that will generate income — vertical developments, affordable housing, leisure, and commercial projects.

“Because of that I’m positive the company will grow in much bigger annual rates than before because we now have four sources of income. Not only will it grow, you mitigate the risks that probably expose some sectors… you mitigate the risk of cyclicality by diversifying your portfolio,” Mr. Antonio told reporters on the sidelines of the company’s annual shareholders’ meeting in Makati on Thursday.

The property firm’s net income dropped by 13% to P630 million last year, which Mr. Antonio said was due to the accounting system for real estate properties.

This year, CPG plans to launch four in-city developments consisting of mid-rise, town homes, and mixed-use projects within Metro Manila. The projects will cater to the mid- to upper-middle class, and high-end market.

“There’s still a big demand for young couples to have their own homes that are bigger than the condominiums. So we’re talking of spacious projects that will really be family-oriented,” Mr. Antonio said.

The CPG chief said foreign firms are currently negotiating with the company for potential partnerships for in-city developments.

For the affordable segment, CPG will be launching three projects within the next 12 months. This brings to five the number of projects being undertaken by newly formed business unit.

In addition to CPG’s Phirst Park Homes Tanza in Tanza, Cavite, the company recently unveiled its affordable housing project in Lipa, Batangas carrying the same brand. The 20-hectare property will offer 1,867 units valued at P2.8 billion.

Meanwhile, Batulao Artscapes, one of CPG’s leisure and tourism developments, has already sold out its first phase valued at P1 billion. The firm expects to finish phase one of the P4.3-billion project within a year and a half. Mr. Antonio pointed to rising inflation and the weakening peso as factors that may affect the property business. The peso’s depreciation, however, could also spell a positive for the company as overseas Filipino workers (OFWs) account for around 30% of their total buyers.

“The positive is that there is a stronger purchasing power of OFWs because from P50 naging P53, going P54 na ngayon. Instead of paying $10,000 in amortization, it will be reduced by 6% na, so less na amortization mo kasi tumaas na peso-dollar rate,” Mr. Antonio said.

He also added that OFWs are buying “quite expensive” homes now compared before, noting that more Filipinos are getting paid higher salaries abroad.

“They are being hired in high salary jobs already. For example, Germany is a very strong market for us because they are being paid well,” Mr. Antonio said.

CPG’s net income rose by 2.38% to P300 million in the first quarter of 2018, lifted by a 45% jump in gross revenues to P2.86 billion for the period.


source: http://bworldonline.com/cpg-targets-doub...this-year/
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8-10

...kamusta na kaya si eggstyan dito? Big Grin

Century Properties increases revenues by 40%
Net income up by 10% to P490 million in 1H of 2018


Background/Description of the Disclosure
Century Properties increases revenues by 40%
Net income up by 10% to P490 million in 1H of 2018

[August 10, 2018] Century Properties Group Inc. (CPG: PM) total revenues increased by 40% from P3.4 billion to P4.7 billion, a positive indication of the significant strides it has achieved in its diversification plans. From being concentrated in high-rise condominium projects, CPG has ventured into affordable horizontal housing outside of Metro Manila, leisure and tourism developments, and for-lease properties to expand its portfolio into a solid, four-platform business.

CPG posted a net income of P490 million for the first half of 2018 or 10% higher than the P446 million it reported in the same period last year. The growth was mainly driven by contributions from its in-city vertical developments and increased investments in allied real estate sectors.

“CPG’s net income for the first half of 2018 already covers 78% of the full year net income it recorded in 2017. We see this positive trend in our bottom line to continue. While we continue to recognize the revenue from the unit inventory of our condominium developments, we are also seeing a higher income stream from our new allied real estate segments. The company is now well-positioned for sustainable growth with all the preparations we have made to diversify in areas where we see high returns,” said Ponciano S. Carreon, Jr., CPG’s newly appointed Chief Financial Officer and Head for Investor Relations.

Of the company’s in-city vertical developments business, the main contributors of revenue came from the on-schedule completion of Boracay tower in Azure Urban Resort Residences in Paranaque City, as well as the substantial accomplishments in the construction of the Bahamas tower also in Azure; the Iguazu tower in Acqua Private Residences in Mandaluyong City; and the Roxas West, Quirino West, and Quezon South towers of the Residences at Commonwealth, Quezon City. These buildings have a combined total of 3,500 units and P15 billion in total sales value.

Since becoming a publicly listed company in 2012, CPG has completed 18 residential condominium buildings with gross floor area of close to 800,000 square meters. By 2020, all its 30 residential condominiums will be significantly completed.

Recurring income is also increasing at a double-digit growth rate as CPG moves towards its goal to quadruple its leasing assets. From its current completed gross floor area of about 133,000 square meters, the portfolio will increase to a gross floor area of about 300,000 square meters by 2020 once the leasing projects are completed. The Asian Century Center, an office tower project in Bonifacio Global City with joint-venture partner Asian Carmakers, is slated to open in September this year. Another office building is also opening in 2019 at Century City, Makati, in partnership with Mitsubishi Corporation. Leasing revenues will potentially increase over five times, from P342 million in 2017 to a target of P1.5B billion by 2020.



source: http://edge.pse.com.ph/openDiscViewer.do...cghp3.dpbs
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(08-10-2018, 03:33 PM)Ollie Wrote: 8-10

...kamusta na kaya si eggstyan dito? Big Grin

Century Properties increases revenues by 40%
Net income up by 10% to P490 million in 1H of 2018


Background/Description of the Disclosure
Century Properties increases revenues by 40%
Net income up by 10% to P490 million in 1H of 2018

[August 10, 2018] Century Properties Group Inc. (CPG: PM) total revenues increased by 40% from P3.4 billion to P4.7 billion, a positive indication of the significant strides it has achieved in its diversification plans. From being concentrated in high-rise condominium projects, CPG has ventured into affordable horizontal housing outside of Metro Manila, leisure and tourism developments, and for-lease properties to expand its portfolio into a solid, four-platform business.

CPG posted a net income of P490 million for the first half of 2018 or 10% higher than the P446 million it reported in the same period last year. The growth was mainly driven by contributions from its in-city vertical developments and increased investments in allied real estate sectors.

“CPG’s net income for the first half of 2018 already covers 78% of the full year net income it recorded in 2017. We see this positive trend in our bottom line to continue. While we continue to recognize the revenue from the unit inventory of our condominium developments, we are also seeing a higher income stream from our new allied real estate segments. The company is now well-positioned for sustainable growth with all the preparations we have made to diversify in areas where we see high returns,” said Ponciano S. Carreon, Jr., CPG’s newly appointed Chief Financial Officer and Head for Investor Relations.

Of the company’s in-city vertical developments business, the main contributors of revenue came from the on-schedule completion of Boracay tower in Azure Urban Resort Residences in Paranaque City, as well as the substantial accomplishments in the construction of the Bahamas tower also in Azure; the Iguazu tower in Acqua Private Residences in Mandaluyong City; and the Roxas West, Quirino West, and Quezon South towers of the Residences at Commonwealth, Quezon City. These buildings have a combined total of 3,500 units and P15 billion in total sales value.

Since becoming a publicly listed company in 2012, CPG has completed 18 residential condominium buildings with gross floor area of close to 800,000 square meters. By 2020, all its 30 residential condominiums will be significantly completed.

Recurring income is also increasing at a double-digit growth rate as CPG moves towards its goal to quadruple its leasing assets. From its current completed gross floor area of about 133,000 square meters, the portfolio will increase to a gross floor area of about 300,000 square meters by 2020 once the leasing projects are completed. The Asian Century Center, an office tower project in Bonifacio Global City with joint-venture partner Asian Carmakers, is slated to open in September this year. Another office building is also opening in 2019 at Century City, Makati, in partnership with Mitsubishi Corporation. Leasing revenues will potentially increase over five times, from P342 million in 2017 to a target of P1.5B billion by 2020.



source: http://edge.pse.com.ph/openDiscViewer.do...cghp3.dpbs

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8-13

...official news nila

Profits up for property firms Filinvest and Century

FILINVEST Land, Inc. (FLI) and Century Properties Group, Inc. (CPG) both reported higher profits for the first six months of 2018, buoyed by the strength of their respective property businesses.

In a statement issued Friday, FLI said net income accelerated by 9% to P2.88 billion from January to June, as revenues improved by 6% to P10.65 billion.

The Gotianun-led firm observed a 28% increase in rental revenues to P2.6 billion for the period, following the completion of more office and retail buildings. Recurring income now accounts for 43% of the company’s total profit, in line with its goal for the unit to contribute a larger share to earnings in the coming years.

FLI currently has 27 office and retail developments spanning 595,000 square meters (sq.m.) in gross leasable area (GLA). The company looks to end the year with an additional GLA of 200,000 sq.m. With this, the firm said it is on track to meet its target of 1.5 million sq.m. in terms of GLA by 2022.

Meanwhile, the company launched P16 billion worth of residential projects during the first half, catering to the affordable and middle income markets with its Futura and Aspire brands.

“We are looking forward to the company’s further growth as we complete our investment property expansion plan. We expect profitability to increase as our newly opened office buildings and shopping malls stabilize, and additional office buildings become operational within the year. We forecast residential revenues to remain stable,” FLI President and Chief Executive Officer Josephine Gotianun-Yap said in a statement.

On the other hand, CPG’s net income went up 10% to P490 million during the first half, after revenues jumped 40% to P4.7 billion. The company attributed the increase to the sales of units in its residential condominium projects.

This includes sales of units in the Boracay Tower of Azure Urban Resort Residences in Parañaque City, the Iguazu tower of the Acqua Private Residences in Mandaluyong, and the Roxas West, Quirino West, and Quezon South Towers of The Residences in Quezon City. The buildings have a combined sales value of P15 billion from 3,500 units.

“We see this positive trend in our bottom line to continue. While we continue to recognize the revenue from the unit inventory of our condominium developments, we are also seeing a higher income stream from our new allied real estate segments,” CPG Chief Financial Officer and Head for Investor Relations Ponciano S. Carreon, Jr. said in a statement.

The Antonio-led firm also saw P500 million in revenue contribution from its Phirst Park Homes, its affordable housing segment. The company diversified into the affordable market in 2017 in a bid to take advantage of the lack of housing units in the country, translating to a housing backlog of six million homes.

“As the company’s diversification program starts to bear fruit, we will continue to work towards improving operational efficiencies to maximize growth opportunities and deliver more value to our shareholders in the near future,” Mr. Carreon said.


source: http://www.bworldonline.com/profits-up-f...d-century/
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This stock is dead (-_-)
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