Trader's Logbook

MANILA – Century Properties Group Inc. is venturing into the affordable segment of the market with the development of a mid-rise community project in Quezon City.

In a statement, Century Properties said it expects to book sales of P10 billion from the eight-tower project called The Residences at Commonwealth by Century.

Located along Commonwealth Avenue right beside Don Antonio Heights, the project seeks to capture local and overseas buyers, especially young professionals and start-up families that consider P1.5 to P3 million within their budget range for a home.

At a construction cost of P4.1 billion, Commonwealth by Century will offer 2,300 units comprising suites and one-bedroom configurations that range from 21 to 49 square meters with an average price of P80,000 per square meter.

Larger-cut two-bedroom units of 64 to 72 square meters and worth P5 million and up are also available.

Known for upscale products such as The Trump Tower and Milano Residences, Century Properties is tapping the affordable market segment to put forward products in various markets and price points.

“According to recent reports by property analysts, there remains a huge demand for housing in the Philippines. By entering the affordable price category we would like to tell home buyers that there is a Century home for each budget and preference for location within Metro Manila,” said Marco Antonio, managing director and co-chief operating officer of Century Properties.

Read more http://www.interaksyon.com/business/38848/century-properties-ventures-into-affordable-segment-with-qc-project