PROPERTY developer Century Properties Group Inc. (CPG) said on Thursday it's miles concentrated on to provide 20,000 residential units annually to help supply the five.7 million recorded housing backlog inside the Philippines.
The centered yearly output will start by way of 2020, with CPG making a foray into less expensive housing to cater to the middle-class marketplace.
“So every yr in the following couple of years, we hope to supply 20,000 gadgets a year. That’s big due to the fact the macro—the massive photograph for housing within the Philippines—there is a totally huge gap between the demand and deliver,” CPG Chairman and Chief Executive Officer Jose Antonio informed journalists at the sidelines of the company’s annual shareholders’ assembly held in Makati City.
“As we are going to a brand new platform like low cost, the development length of low cost [housing] is only years,” he introduced.
CPG’s low-price challenge will provide a -tale unit with a big space allowance that would permit house owners to extend their bed room devices as they want.
A size variety of forty to 45 square meters (sq.) lot area will be provided, with a fee variety of P1.1 million to P1.Eight million every, relying on the scale.
“The bulk is set P1.Four- to P1.Five [million] so with this, it’s very low-priced. For the maximum less costly units, it’s like P8,000 a month, which is already like renting a house,” Antonio said.
The centered yearly output will start by way of 2020, with CPG making a foray into less expensive housing to cater to the middle-class marketplace.
“So every yr in the following couple of years, we hope to supply 20,000 gadgets a year. That’s big due to the fact the macro—the massive photograph for housing within the Philippines—there is a totally huge gap between the demand and deliver,” CPG Chairman and Chief Executive Officer Jose Antonio informed journalists at the sidelines of the company’s annual shareholders’ assembly held in Makati City.
“As we are going to a brand new platform like low cost, the development length of low cost [housing] is only years,” he introduced.
CPG’s low-price challenge will provide a -tale unit with a big space allowance that would permit house owners to extend their bed room devices as they want.
A size variety of forty to 45 square meters (sq.) lot area will be provided, with a fee variety of P1.1 million to P1.Eight million every, relying on the scale.
“The bulk is set P1.Four- to P1.Five [million] so with this, it’s very low-priced. For the maximum less costly units, it’s like P8,000 a month, which is already like renting a house,” Antonio said.
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