Century Properties Group Inc. said over the weekend it plans to launch 35 new housing projects over the next five years that could potentially generate P110 billion in revenues.
PPHI president Ricky Celis said during CPG’s annual stockholders meeting the group would also venture into new product types and concepts to address demand for affordable housing units. PHirst will launch five projects this year offering 8,000 units worth P18 billion in fresh inventory. Three of these projects are located in Calabarzon and the two will be in Central Luzon.
It said that while it remains bullish on the affordable market, it is “recalibrating its strategy for the residential condominium business” and would be prudent in launching high-rise developments.
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