The Antonio family’s Century Properties Group will continue expanding its leasing and affordable housing businesses even as the COVID-19 pandemic slashed earnings in the first semester of the year.
During the company’s recent annual meeting, Century Properties officials said they planned to focus on more resilient sectors to blunt the impact of the economic recession triggered by the crisis.
Company executive chair Jose E.B. Antonio said affordable housing remained rooted on strong demand, especially among “first home” buyers.
“The same is true for office leasing, especially for projects located within developments that are ecosystems in themselves, such us our project in Century City, Makati, where we have residential, office and commercial establishments,” he added.
Century Properties president and CEO Marco Antonio said the strategy would also lead to a more balanced portfolio, which was once reliant on urban residential towers.
In the first half of 2020, the builder saw combined