Century Properties

The company was incorporated on September 6, 1983. In 1986 with six employees, it launched its operations, focusing primarily on providing third-party marketing and sales for real estate developers.

Leveraging on the experience it gathered in real estate sales and marketing, the founders saw a solid opportunity in establishing a separate property development arm, Meridien, which focused on mid-market, central business district high-rise developments. Meridien began the development and construction of its first project, Le Grand in Makati to cater to the middle market segment.

Meridien developed at a rate of one to two buildings per year, all located in the central business districts of Makati and Ortigas. During this time, Century became known to the public as a developer of high rise condominia in the central business districts of the Philippines.

On March 17, 1989, the founder established CPM to handle the Group's property management services for both Century and non-Century developments. Since its founding, CPMI has handled 43 buildings, including landmarks such as the Asian Development Bank, Philippine National Bank Headquarters, BPI Buendia Center and Pacific Star Building.

Separately, the companies continued their operations throughout the 1990s. CPG focused on generating sales for the Century-developed properties, while keeping its third-party marketing services to other real estate companies.

In 1997, through Meridien, CPG was given the opportunity to purchase a property in Fort Bonifacio. At this time, the company decided to develop the Essensa condominium. It was designed by the architectural firm Pei Cobb and Freed, led by Pritzker Prize winning architect I.M. Pei. Utilizing some of the finest materials in its design such as Travertine stone quarried from the same source as the Colosseum in Rome, units in the Essensa have an average unit size of 290 square meters and have prices ranging from PhP35 million to PhP60 million.

The company further expanded its property development business when it embarked on its first large-scale horizontal development: Canyon Ranch. Located in Carmona, Cavite, this 16-hectare gated community is situated in the hilly portion of the San Lazaro Leisure Park owned by the Manila Jockey Club, Inc.

In order to specifically manage the development of this project, the proprietors of Century decided to incorporate CCC on March 15, 1994. Canyon Ranch, launched in 2004, officially marked CCC's entry into mid-market horizontal developments, catering to modern families who prefer the quiet suburban life.

In 2018, Century Properties signed a joint venture partnership with Mitsubishi Corporation to establish PHirst Park Homes.[2] Capitalizing on the country's demand for affordable housing, which has then an estimated backlog of roughly 6.6 million units, the new joint venture company was established to pursue the development of projects of scale in key locations outside of Metro Manila.

In 2006, the company bought a portion of the lot formerly occupied by the International School of Manila. Using its experience in developing buildings and infrastructure, the Company incorporated CCDC on December 19, 2006 to expand Century's business into large-scale mixed-use developments. Presently, the said area located in Kalayaan Avenue, Makati is the venue for CCDC's current residential projects: Milano Residences, The Gramercy Residences, and The Knightsbridge Residences. It will also house a hospital, a retail center, and an IT park.

Responding to the high demand for affordable housing, Century further expanded its product line with the creation of a separate company especially focused on this segment. On July 9, 2008, CLC was incorporated with the sole purpose of developing vertical projects for the affordable to middle-income housing segment. In 2009, CLC launched its first project, Azure Urban Resort Residences, providing condo living for young couples and families, Filipino expatriates, and end-users wanting to live in Parañaque City. Azure Beach Club Paris Hilton is also managed by CLC.

The subsidiaries and affiliates of the company are segregated by the target market of each project, allowing each to specialize and focus on their buyers’ requirements in pricing, size, location, and amenities. Below is a description of the subsidiaries and affiliates of the company:

In 2020, amidst the coronavirus pandemic, CPG accelerated its digitalization programs to provide a digital homebuying experience to its clients.[3] The company also amped up its digital efforts, enhancing its websites to include virtual tours.

The main shareholder as of March 31, 2013 is Century Properties Group, Inc. who owns 6,469,965,032 shares or 66.7% of the company.[4]

Since February 18, 2012, APG Strategic Real Estate Pool N.V. (APG) holds 868,316,042 shares or 8.95%.[5]

In its 2019 financial reports,[6] the company reported a Php1.2 billion net income for the first nine months of the year or 81% up from Php661 million for the same period in 2018, while the consolidated revenue rose to 36% or Php9.8 billion versus Php7.2 billion year on year.

For the first half of 2020, the company posted Php1.6 billion in reservation sales equivalent to 1,925 homes or 651 units under its in-city vertical developments business and 1,274 house and lot units under PHirst Park Homes.[7]

In July 2020, the company reported that its combined net income contributions from leasing and affordable housing portfolio jumped to Php225 million or 42% of the total net income of P546 million, compared with the 29% contribution level of the same period in 2019. Their combined revenue contribution is at Php 1.27 billion or 28% from 15% in 2019.[8]

• Century Properties
• Century City
• Century Properties Management Inc.