Century Properties Commands 10% Of Manila Real Estate Market
In a recent press release, property developer Century Properties Group, Inc. reported a large increase in its control market share in residential apartment sales in the first 9 months of 2011, extending the company's control of the Manila Real Estate Market.
Comparing figures from the previous year, the company stated that its command of the market share rose to 10% for from 6% at end-September.
Property experts at Colliers International have ranked the Century Properties as the third largest among its competitors in pre-sales in Metro Manila, highlighting the strength of the trusted property developer.
"In 2011, Century has executed its business plan of differentiating its products, and selling to local residents and to the global Filipinos. We owe our success in 2011 to the market's acceptance of Azure Urban Residences in Paranaque, Acqua Residences in Mandaluyong, and three towers in Century City including Centuria Medical Makati, Milano Residences and Trump Tower Manila," Jose Carlo Antonio ,Century Properties Chief Financial Officer commented.
Securing investment from both national and international investors, the company has caught the eye of a number of investors interested in real estate in Manila , offering high rental yields and strong capital appreciation throughout construction.
With over 20 years' experience in the real estate sector, Century Properties has a combined portfolio of over 65 projects under development and property management.
In a bold step to market to the luxury residential market, the company has secured the endorsement from world renowned brands such as Versace and Paris Hilton and has also launched the first Trump branded development in the Philippines.
Source: Zimbio | February 10, 2012
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