SAN FERNANDO, PAMPANGA – Century Properties Group Inc. (CPGI) has reached a significant turning point in its Central Luzon expansion, celebrating three major milestones simultaneously at its Azure North Estate. The developments underscore the company's commitment to establishing a stronger footprint in the region's growing residential market. The celebration marked the first concrete pouring for Mykonos Tower, the groundbreaking of Azure North Townvillas, and the inauguration of the completed Barbados Tower—each representing distinct phases in the estate's evolution into a comprehensive residential resort community. Expanding Product Portfolio Beyond High-Rise The Azure North Townvillas represents a strategic shift for CPGI as it enters the premium house-and-lot segment in Pampanga within the estate. The exclusive 0.8-hectare enclave offers 49 units of 3- and 4-story homes with lot areas ranging from 69 to 133 square meters, featuring up to five bedrooms. The limited inventory has already sold out, and the development is expected to generate P1.3 billion in revenues with completion targeted for 2028. Construction is also progressing on the Mykonos Tower, the estate's first mid-rise building launched in February 2025. With P1.2 billion in capital expenditures and sales projections of P2.7 billion, the tower is slated for completion by the end of 2027. The development features generous unit cuts that exceed Metro Manila standards—studios range from 26.34 to 28.15 square meters compared to the typical 21 to 25 square meters in the capital, while one-bedroom units average 44 square meters versus the usual 35 to 40 square meters. The inauguration of Barbados Tower marks the completion of the estate's third and final high-rise building. The tower adds 820 units with a capital expenditure of P1.6 billion, bringing the total high-rise inventory across all three towers to 2,426 units. The building achieved 99% sell-out and is now ready for homeowner turnover. Enhancing the Resort Experience Building on the success of Phase 1 amenities that include a man-made beach lagoon, wave pool, and exclusive clubhouse, CPGI is investing P215 million in the Azure North Waterpark, expected to be completed by 2028 alongside a new playpark. The enhanced amenity package will feature water slides, a basketball court, children's playground, and pet park, further differentiating Azure North's resort-style living proposition. Marco Antonio, President and Chief Executive Officer at CPGI, emphasized the milestone's significance. "These milestones reflect our commitment to delivering on the aspirations of homeowners and the promise of quality living," Antonio stated. "Our focus extends beyond construction—we're building the foundation for a lasting community where families can flourish," he added. Value for Multiple Market Segments. Antonio emphasized how the project attracts homeowners and people looking to invest, especially Filipinos working abroad. He described their approach as building vibrant communities that offer family-friendly environments with recreational opportunities for kids while also providing opportunities to generate rental revenue. The 7.8-hectare Azure North Estate is strategically positioned in San Fernando, Pampanga, near major commercial centers including SM Pampanga and Robinson's Starmills. Antonio stressed the company's commitment to the region's growth trajectory, noting, "'Triple Wave' is a testament to our strong commitment to keeping pace with San Fernando's rapid growth." |