Century Properties hits P5-B sales in 2006

Century Properties Inc., one of the few remaining high-profile real estate developers that have not gone public, has hit the P5-billion mark in sales last year, driven by its two top-selling projects — the high-rise residential condominium building Grand Soho Makati and and its first horizontal development, Canyon Ranch in Carmona, Cavite.

Grand Soho Makati, the company’s first fully-furnished condominium project located along Buendia Avenue, is 95 percent sold out after only six months following its launch.

Century Properties said phases 1 and 2 of Canyon Ranch are also completely sold out, making it not only the country’s first Wi-Fi integrated residential community, but also the fastest-selling development south of Metro Manila.

The company is optimistic it can sustain its revenue growth this year on new and bigger projects which include its second residential development in the south — a Florida-inspired community.

Century Properties is also building a P40-billion integrated urban mixed-use complex at the former site of the International School in Makati. The highly-acclaimed Jon Jerde has been tapped to draw up the master plan for Century City which is poised to become a true world-class destination like other Jerde-designed global landmarks: the Bellagio Hotel in Las Vegas, the Roppongi Hills in Tokyo, and the soon-to-rise City of Dreams in Macau.

Century City is poised to become "an organic future city that fuses nature and technology with exclusive luxury residences, Grade A offices, state-of-the-art corporate complexes, a resort-style country club, a designer-branded luxury hotel, and a sprawling shopping dining, and entertainment complex unlike anything ever built."

It will be located on five hectares of prime real estate on Kalayaan Avenue, the last remaining large piece of undeveloped land in a soon-to-be expanded central business district.

The property was acquired by Century Properties in a bidding conducted by the government in June 2006.

The Century Properties Group has over 45 buildings in its portfolio with asset values reaching $1.5 billion (P72 billion).

Since 1986, Century Properties has been developing, managing, and marketing the most exceptional residential, corporate, and leisure developments in the Philippines — The Pacific Star Building, The Riviera Golf and Country Club, The Asian Hospital Medical Suites, and the award-winning Essensa East Forbes in Fort Bonifacio are only a few of over 60 major projects in its portfolio.