Century Properties grows leasing, affordable housing biz

Real estate firm Century Properties Group (CPG) said it is well positioned to continue its expansion to leasing and affordable housing and face the ‘next normal’ guided by the principles of innovation, resilience and growth, and sustainability.

President and chief executive officer Marco Antonio said CPG maintains a positive outlook at these two high-growth business segments and will continue to “diversify our portfolio towards the original goal of balanced contributions from affordable housing, commercial leasing, and in-city vertical developments businesses.”

In a statement, CPG saw the combined net income contributions from the two business segments jump to Php225 million or 42 percent of the total net income of Php546 million in the first half of 2020, compared with the 29-percent contribution level of the same period last year. 

Their combined revenue contribution is at Php1.27 billion, or 28 percent from 15 percent last year.