Century Properties net profit up 10%

Property developer Century Properties Group Inc. posted a 10-percent growth in first-quarter net profit to P501 million on higher revenues and margins.

Property developer Century Properties Group Inc. posted a 10-percent growth in first-quarter net profit to P501 million on higher revenues and margins.
As luxury real estate consumers’ standards become higher, developers and investors are likewise doing their best to stand out. One sure fire way to do this, says Century Properties Managing Director Robbie Antonio, is to innovate through differentiation.

Property developer Century Properties Group Inc. has unveiled a three-year work program that—if plans proceed smoothly—would see the publicly listed firm triple its sales and almost double its earnings by 2015.
In 10 days—or right after the annual stockholders’ meeting of Ayala-led Bank of the Philippine Islands—the country’s most valuable bank will have a new president, investment banker Cezar Consing, who certainly has very big shoes to fill.
Property developer Century Properties Group Inc. said its first shopping mall project—Century City Mall in Kalayaan Avenue, Makati—was on track with its targeted opening by the fourth quarter of this year.
A fund manager from a major bank was recently the talk of the stock trading town for having loaded up on what some describe as non-bankable stocks: Neither blue chips nor second-liners. It was believed to be a bad call as certain internal thresholds were breached and especially as the prices of these stocks plummeted. As a prudential move on the part of his employer, the fund manager was taken out of the trading desk.
Property developer and publicly listed firm Century Properties Group Inc. (CPG) exceeded its P20-billion pre-sales target for 2012, hitting P21.4 billion.

PREMIUM DEVELOPER Century Properties recently introduced to the media the fifth tower of its Acqua Private Residences called Iguazo yoo inspired by Starck.
Century Properties Group founder and chairman Jose Antonio was cited as the 2012 Real Estate Personality of the Year at the Southeast Asia Property Awards for his work in “transforming the Manila skyline with quality developments.”

The Philippine real estate market is nowhere near the bubble of the late 1990s as evidenced by the continued strong demand from end-users, including buyers of high-end condominium units, according to officials of Century Properties Group Inc.
Century Properties Group Inc. has inked a strategic partnership with telecom giant Philippine Long Distance Telephone Co. to provide bundled digital connectivity and telecom services to the property developer’s high-rise residential developments.

MANILA, Philippines—Following its success in developing premium residential projects for the luxury, middle income and affordable markets, real estate firm Century Properties announced that it will open its first retail development in 2013 at Century City in Makati. The Century City Mall is currently under construction within the property firm’s 3.4-hectare masterplanned development called [...]