Property developer Century Properties Group Inc. said Monday its affordable residential business posted a 38-percent increase in reservation sales in the first half to P4.4 billion from P3.8 billion in the same period last year.
CPG president and chief executive Marco Antonio said during the annual stockholders’ meeting the company would continue to focus on strengthening its affordable residential business which has been resilient despite the pandemic.
“We remain very optimistic with the affordable segment business of CPG under PHirst Park Homes, in partnership with Mitsubishi Corporation. Strong sales in our affordable housing business reaffirmed the real demand coming from local end users and Overseas Filipino Workers, who are looking for good quality homes in safe communities that are located in key growth centers,” Antonio said.
The company sold 2,327 units, or 28 percent more than 1,819 units in the same period last year. Total collections in the first half soared by 172 percent to P2.03 billion from P744 million in the same period last year.
