CPG sells initial P1.7 billion from high-end property development in Batangas

PROPERTY developer Century Properties Group Inc. (CPG) said it generated an initial P1.7 billion in sales from its high-end Batulao residential project in Batangas, just two months of preselling in the country.

Robbie Antonio, CPG managing director, said the reception from the buyers was better than expected, with the project’s initial phase seen to generate P19 billion in total sales.

The project was launched locally over the weekend, but the company has been selling the product overseas for over a year as it targets foreign retirees.

Antonio claimed the project is a game changer in the horizontal residential sector.

“We at Century, when we sell a lot, we provide the house. The property is for everyone, including hospitality and retail. And we can deliver the product at half the time, cutting the product delivery to our customers by about a year,” Antonio told reporters.

Usually, he said turnover of the house to the end-users takes about two years from the time of construction, but Antonio’s company, which is also CPG’s supplier as it will build the houses, will use a modular technology to cut the construction time.

CPG owns a 142-hectare property near the foothills of Mount Batulao in Nasugbu, Batangas. The company has carved out 54 hectares to cover its phase one, which  is being developed into what it called a livable art park, “Batulao Artscapes.”

The development covers mixed tourism development with an active retirement-village component featuring designer homes from Revolution Precrafted, a company owned by Antonio.

The development features a man-made beach with clubhouse and a lake with a wedding chapel, among other features.

CPG said local architects Ed Calma, Kenneth Cobonpue, Budji Layug and Royal Pineda will design some of the houses in clusters, while a fourth cluster called the Curated Village 1 will feature 12 one-of-a-kind homes by international architects and designers.

Home prices range from P4 million for a 56-square-meter unit at the Cluster Village to the larger homes at the Curated Village, which start at P17.4 million and come with their own private pool and guest home.

CPG said special assistance to secure a Special Resident Retiree’s Visa will be facilitated for retiree foreign nationals and former Filipino citizens.

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