C01072-2017

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Feb 27, 2017
2. SEC Identification Number
60566
3. BIR Tax Identification No.
004-504-281-000
4. Exact name of issuer as specified in its charter
CENTURY PROPERTIES GROUP INC.
5. Province, country or other jurisdiction of incorporation
Metro Manila
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
21st Floor, Pacific Star Building, Sen. Gil Puyat Avenue corner Makati Avenue, Makati City Postal Code 1200
8. Issuer's telephone number, including area code
(632) 793-8905
9. Former name or former address, if changed since last report
n/a
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 11,599,600,690
11. Indicate the item numbers reported herein
Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Century Properties Group, Inc.CPG

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Century Properties Group Inc. would like to inform the Honorable Commission that the Company has seeded today, 27 February 2017, a press release entitled:

Century Properties creates the ‘first home’ market segment
Php2B maiden project in Tanza, Cavite to offer 3,000 homes
Background/Description of the Disclosure

Century Properties creates the ‘first home’ market segment
Php2B maiden project in Tanza, Cavite to offer 3,000 homes

Listed real estate developer Century Properties Group, Inc. (CPG:PM) has announced the launch of the Philippines’ first home market category, which will unveil its brand name and product offerings in the second quarter of 2017.

“The launch of this new segment effectively expands the company’s portfolio of residential offerings, from luxury and mid-priced condominiums in the business districts and city centres to competitively-priced first homes within boom towns outside of Metro Manila, while maintaining Century’s tradition of quality, innovation, and unique customer experience across all market segments,” said Marco R. Antonio, CPG’s Chief Operating Officer and Managing Director for the company’s first home unit.

The announcement comes after CPG sealed a partnership with the global business enterprise Mitsubishi Corporation in November 2016 to develop a series of housing projects, starting off with approximately 2,877 homes in a 26-hectare community in Tanza, Cavite.

Antonio added that this new product line will cater to the underserved end-user market of first-time homebuyers, who are still familiarizing themselves in purchasing property but are already planning to move out of rented apartments or their parents’ houses in their search for a legacy home for their young families.

“This new division of Century answers the dreams, needs and aspirations of first-time homebuyers through a complete housing package that go beyond the essential propositions of a good location, convenience and attainable price points,” he stressed.

“Century’s first home unit democratizes home ownership and makes it available to a wider set of Filipinos who aspire for an enhanced quality of life. As this is their first experience to acquire a home, we will simplify the process and make each step convenient for them,” he said.

With a starting price of Php1.1 million and a monthly amortization of approximately Php9,000 a month, the homes are truly a first of its kind in the market, Antonio said. “This unbeatable value at this price point will make first home buyers proud to own and live in a Century home,” he added.


CPG has identified the first homebuyer market as one of the two allied real estate segments for its business expansion, with the other being leisure and tourism. The move seeks to address the strong housing demand in the segment of the expanding middle class, which is highly driven by the surge of remittances from overseas Filipinos, BPO industry growth and shift towards smaller households due to rising incomes.

The updated housing needs from the Housing and Urban Development Council (HUDCC) are now estimated at 5.56 million units for 2011 to 2016, including backlogs from previous years.

In terms of locations, CPG’s first home unit has identified the growth areas of CALABARZON and Central Luzon, where an estimated 33 percent of overseas Filipino employees come from. CALABARZON (Region IV-A) represents the provinces of Cavite, Laguna, Batangas, Rizal, and Quezon.

Tanza, Cavite, a first-class municipality also comes high in the list of ideal home locations for its rapid urban growth and the existence of industrial and key commercial establishments, including its proximity to the Cavite Export Processing Zone. #
Other Relevant Information

Please see attached REport
Filed on behalf by:
Name Isabelita Sales
Designation Chief Information and Compliance Officer