Credit Rating and Investors Services Philippines Inc. (CRISP) reaffirmed Century Properties Group’s (CPG) credit rating of “AA+” on its sustained market position and continued revenue growth.
The rating agency said CPG’s diversified market portfolio has enabled the company to maintain its position in a competitive market.
“As of December 2023, CPG has sustained its solid and competitive presence in the vertical developments market, completing 30 condominium buildings with a total gross floor area of over 1.24 million square meters and 17,479 residential units,” CRISP said.
CRISP recognized the developer’s strategic entry into the horizontal affordable housing development market which has positioned it comfortably for further expansion.
CPG said that with its venture into PHirst Park Homes, it has launched over 17 home communities on 123 hectares of land with over 24,583 units valued at P48.73 billion in eight provinces in Luzon.