PHirst Park Homes, the first-home division of upscale realty firm Century Properties Group Inc., has already generated P1.07 billion in sales since the launch of its 26-hectare maiden development in Tanza, Cavite in May.
Century Properties said it had sold 860 of the 3,000 units planned in the property as of mid-July. Locally-based buyers, mostly coming from the CALABARZON area who are looking for a home to retire in or raise their family, comprised 60 percent of total sales.
The fast take up of the units was driven by the strong demand for quality housing in the P1 million to P3 million price range.
A townhouse or single-attached unit is available for a monthly amortization of a minimum P9,000.
The project, a joint venture with Japan’s Mitsubishi Corp., is accessible via Governor?s Drive, one of the major highways in Cavite and about 5 minutes away from SM City Trece Martires.
“By 2020, PHirst Park Homes is expected to generate about a third of Century Properties? revenues and income,” the property firm said in a statement.