PHIRST PARK HOMES, Inc., the reasonably priced housing brand of Century Properties Group, Inc. (CPG), said it goals to show over around 10,000 units to first-time homebuyers by mid-year.
“As of April 2025, PHirst has successfully accomplished the development of around 15,000 units across its various projects nationwide,” CPG said in an e-mail statement on Wednesday.
“Following its construction milestone, by mid-2025 PHirst is looking into successfully handing over greater than 10,000 homes to first-time homeowners,” it added.
The housing units are positioned across PHirst’s 27 energetic projects in Luzon and the Visayas, particularly in Cavite, Laguna, Batangas, Quezon Province, Bulacan, Pampanga, Bataan, Nueva Ecija, and Bacolod City.
PHirst Park Homes is the first-home (reasonably priced housing) brand developed by PHirst Park Homes, Inc., a three way partnership between CPG and Japan’s Mitsubishi Corp. CPG is thought for upscale developments comparable to Trump Tower at Century City and Azure Urban Resort Residences, while its partner, Mitsubishi Corp., is one among Japan’s largest conglomerates with diverse business interests spanning finance, infrastructure, and consumer goods.
PHirst said it established its own water services management group, branded as PH20, to assist make sure the efficient operation of water facilities and infrastructure in PHirst communities.
The PH20 team began operations in 4 PHirst subdivisions: PHirst Park Homes Batulao in Batangas, PHirst Sights Bay in Laguna, PHirst Park Homes Tayabas in Quezon, and PHirst Park Homes Balanga in Bataan.
“Through our in-house construction capabilities and water services management group, we not only be sure that we offer quality homes but in addition enable our residents to experience being a part of thriving communities and elevated living standards,” PHirst President Ricky M. Celis said.
CPG also noted its planned expansion efforts through its in-house precast and cast-in-place construction divisions, operating under the PHirst-Construct brand.
“To this point, PHirst-Construct covers various projects in Batangas, Bataan, Nueva Ecija, and Bacolod, and can proceed its expansion into more locations nationwide as the corporate responds to the growing demand for housing with quite a lot of sizes and design options.”
CPG reported a 31% increase in net income to P2.44 billion for 2024, up from P1.86 billion in 2023, driven by strong performance in each its premium residential and reasonably priced housing segments.
The corporate’s revenue rose by 15% to P14.64 billion.
Its first-home segment generated P9.9 billion in revenue, a 34% increase from P7.4 billion the previous yr. Its premium residential projects contributed P3 billion, while leasing and property management operations brought in P1.31 billion and P464 million, respectively.
Total assets grew by 3% to P55.9 billion, while interest-bearing debt declined by 16%.
Shares of CPG ended flat at P0.64 on Thursday. — B.M.D. Cruz
