Century Properties rides on residential, office space growth

ABS-CBN News

Posted at Mar 19 2019 09:28 AM | Updated as of Mar 19 2019 03:24 PM

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MANILA -- A growing middle class, a strong local economy and demand outpacing supply will continue to drive property growth in the Philippines, Century Properties Group said Tuesday.

The company plans to build 33,000 homes in the next 5 years with projected revenues at P57 billion. A nascent offshore gaming industry will drive office space demand, said COO Jose Marco Antonio.

"Across the board we're quite bullish with many of the fundamental drivers for both the office and residential sectors," said Antonio told The Briefing on ANC's Market Edge.