Century mulls lower-priced offerings as projects on track

ABS-CBN News

Posted at Jul 22 2016 03:39 PM

MANILA - Luxury developer Century Properties said Friday it was considering diversifying into lower-priced offerings as its roll-out of condominium towers remained on schedule.

The company expects to finish 15 residential projects this year and is on track to complete a total of 31 by 2020, it said in a statement.

Possible expansion may include forays into "horizontal, economic" subdivisions located in high growth areas, as well as leisure and tourism, it said.

"We are currently pursuing more fervently new projects in the economic housing space," company chairman Jose E.B. Antonio said in the statement.

Century shares were up 1.89 percent to P0.54 on Friday.