Listed Century Properties Group will continue expanding into the leasing and affordable housing segments as it focuses on innovation, resilience and growth, and sustainability. The company’s liquidity levels would be improved by reducing operational expenses and capital expenditures through phased launches, while the diversification of revenue sources would be achieved through affordable housing and leasing. As part of its sustainability principle, Century Properties looks to adapt a “new-generation approach of doing things” and create a new generation real estate. The company said its horizontal affordable housing and commercial leasing businesses contributed 42 percent, or P225 million, to the total income, compared with last year’s 29 percent. Century Properties shares rose by 1 centavo or 4.29 percent to close at 36.5 centavos each on Thursday.

Source: Manila Times August 27, 2020 16:52 UTC