Century Properties
Century Properties is a Philippine real estate group engaged in property development, sales and marketing, leasing, and property management.
Last updated August 26, 2026
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Overview
Century Properties is a Philippine real estate company whose activities span residential and mixed-use development, affordable housing, commercial leasing, sales and marketing, and property management. The business was incorporated in 1983 and began operations in 1986 with a small team focused primarily on providing third-party marketing and sales services for property developers. Over time, it used that market knowledge to move into development through affiliated and subsidiary companies, becoming associated with high-rise condominium projects in the central business districts of Metro Manila. The group’s early development platform, associated with the Meridien Group of Companies, concentrated on single-lot, mid-market and premium high-rise projects in Makati, Ortigas, and Fort Bonifacio. Its portfolio included developments such as Le Grand, Le Triomphe, Le Metropole, Oxford Suites, Bel Air Soho, Pacific Place, South of Market, and Essensa East Forbes. Essensa, developed after the group acquired a Fort Bonifacio site in the late 1990s, represented a particularly high-end expression of the company’s residential positioning, with large apartments and architecture associated with Pei Cobb Freed & Partners. Century broadened its development scope through several specialist subsidiaries. Century Properties Management, established in 1989, provides facilities, property, leasing, secondary-sales, and related management services for both Century projects and properties developed by third parties. Century Communities Corporation was created in 1994 to handle horizontal house-and-lot communities, while Century City Development Corporation, incorporated in 2006, was formed to develop larger mixed-use environments. The Century City project in Makati brought together residential, medical, retail, office, and leisure uses. Century Limitless Corporation, incorporated in 2008, was established to address affordable and middle-income vertical housing, including Azure Urban Resort Residences. The group later expanded outside Metro Manila’s traditional high-rise market. In 2018, it formed PHirst Park Homes with Mitsubishi Corporation, targeting affordable horizontal housing in growth locations outside Metro Manila. This partnership allowed Century to participate in the large first-home and house-and-lot market while retaining its established vertical residential business. The group also developed commercial leasing activities involving retail and office assets. Century Properties became a publicly traded company on the Philippine Stock Exchange in 2012. By the end of 2020, the group reported a completed portfolio that included residential buildings, retail and office properties, a medical office building, and affordable homes developed through PHirst Park Homes. Its management arm oversaw a substantially larger property base, including numerous buildings developed by other companies. During the COVID-19 pandemic, Century accelerated digital sales and customer-service initiatives, including virtual property tours and a more digitally enabled home-buying process. Today, Century Properties is positioned as a diversified Philippine property group rather than solely as a condominium developer. Its business model combines urban vertical residences, affordable first-home communities, mixed-use projects, leasing assets, and recurring property-management services. The group’s brands and subsidiaries are organized around different market segments, locations, and development formats.
History
Century Properties was incorporated on September 6, 1983, and started operating in 1986. Its first business was real estate sales and marketing for third-party developers. This activity gave the company experience in customer demand, pricing, project positioning, and the sales process across Metro Manila’s property market. In the late 1980s and 1990s, the group began building its own development capabilities. The Meridien Group of Companies became associated with single-lot, high-rise condominium projects in central business districts, particularly Makati and Ortigas. The platform developed projects including Le Grand, Le Triomphe, Le Metropole, Oxford Suites, Bel Air Soho, Pacific Place, South of Market, and Medical Plazas. This period established Century’s public identity as a developer of urban condominium buildings. Property management became a separate capability in 1989, when Century Properties Management was established to provide services for Century projects and external owners. Its scope included building operations, facilities management, safety and security, leasing support, auctions, and secondary sales. Over the years, the management company handled buildings developed by both Century and third parties, creating a service business that complemented the group’s development activities. The group moved into larger and more varied development formats during the 1990s and 2000s. In 1997, it acquired an opportunity in Fort Bonifacio and developed Essensa East Forbes, a premium residential project designed by Pei Cobb Freed & Partners. In 1994, Century Communities Corporation was incorporated to pursue horizontal house-and-lot developments. Its Canyon Ranch project in Carmona, Cavite, launched in 2004 and marked the group’s substantial entry into suburban, mid-market communities. Century City Development Corporation was incorporated in 2006 after the group acquired part of the former International School Manila site in Makati. The resulting Century City development adopted a mixed-use approach incorporating residential, medical, retail, office, and leisure uses. Projects associated with the development included The Gramercy Residences, Milano Residences, and The Knightsbridge Residences. To address demand from affordable and middle-income buyers, Century Limitless Corporation was incorporated in 2008. It launched Azure Urban Resort Residences in 2009, bringing a resort-oriented condominium concept to Parañaque. The project broadened the group’s residential offer beyond central business district and premium developments. The company listed on the Philippine Stock Exchange in 2012 under the ticker CPG. It subsequently pursued a broader portfolio strategy that combined urban vertical development with suburban and affordable housing, leasing, and property-management income. In 2018, Century and Mitsubishi Corporation established PHirst Park Homes, focusing on affordable house-and-lot communities in selected growth cities outside Metro Manila. By December 31, 2020, the company reported 32 completed projects, including residential, retail, medical-office, and office assets, as well as completed PHirst Park Homes units. Its property-management subsidiary was responsible for dozens of projects and buildings, many of which had been developed by other companies. In 2020, the pandemic prompted the group to accelerate digitalization, including virtual tours and digitally supported home-buying processes. The company’s current identity reflects this evolution from a sales-and-marketing operator into a multi-segment Philippine real estate group.
- 2020
Digital property sales expanded
[1]The company expanded virtual tours and other digital tools during the COVID-19 pandemic.
- 2018
PHirst Park Homes joint venture formed
[1]Century Properties and Mitsubishi Corporation established PHirst Park Homes for affordable horizontal housing.
- 2012
Public listing
[1]Century Properties Group listed on the Philippine Stock Exchange under CPG.
- 2009
Azure Urban Resort Residences launched
[1]Century Limitless launched Azure Urban Resort Residences in Parañaque.
- 2008
Century Limitless Corporation incorporated
[1]A dedicated subsidiary was created for affordable and middle-income vertical housing.
- 2006
Century City Development Corporation established
[1]The group incorporated a subsidiary to develop the Century City mixed-use project in Makati.
- 2004
Canyon Ranch launched
[1]Canyon Ranch in Carmona, Cavite marked a major move into horizontal suburban development.
- 1997
Fort Bonifacio expansion
[1]The group acquired a Fort Bonifacio development opportunity that led to the Essensa East Forbes project.
- 1994
Century Communities Corporation incorporated
[1]The group created a company focused on horizontal house-and-lot development.
- 1989
Property-management subsidiary established
[1]Century Properties Management was established to provide property and facilities management for Century and non-Century developments.
Products and positioning
A diversified Philippine real estate group serving premium, mid-market, affordable, and first-home buyers through urban condominiums, mixed-use communities, horizontal housing, commercial assets, and property-management services.
Residential real estate
Urban condominium developments
Century’s urban residential portfolio includes high-rise condominiums in major Philippine business districts. Projects have served premium, mid-market, affordable, expatriate, and end-user segments, with product differentiation based on location, unit size, amenities, pricing, and lifestyle positioning. Notable developments associated with the group include Essensa East Forbes, South of Market, The Gramercy Residences, Milano Residences, The Knightsbridge Residences, and Azure Urban Resort Residences.
Mixed-use development · 2006
Century City
Century City is a mixed-use development on Kalayaan Avenue in Makati. It was conceived as an integrated community combining residential buildings with medical, retail, office, information-technology, and leisure uses. The development reflects Century’s move from individual condominium buildings toward larger, place-based projects designed around live-work-and-play functions.
Affordable horizontal housing · 2018
PHirst Park Homes
PHirst Park Homes is an affordable housing platform established by Century Properties with Mitsubishi Corporation. It develops house-and-lot communities in selected growth locations outside Metro Manila, targeting first-home buyers and families seeking planned suburban communities. The venture broadened Century’s reach beyond vertical urban residences and responded to demand for more attainable housing formats.
Property management · 1989
Property management services
Century Properties Management provides facilities and property-management services for residential, office, commercial, and institutional buildings. Its activities include building operations, maintenance, safety and security, leasing assistance, auctions, and secondary sales. The subsidiary manages both Century-developed projects and properties developed by third parties, giving the group a recurring-services capability alongside project-based development.
Horizontal residential development · 2004
Canyon Ranch
Canyon Ranch is a gated horizontal community in Carmona, Cavite. Developed on a sizable suburban site, it represented Century Communities Corporation’s entry into large-scale house-and-lot development and was designed for families seeking a quieter alternative to dense central-city living.
Marketing campaigns
- 2020Digital home-buying and virtual-tour program
Philippines
Century Properties expanded online property information, virtual tours, and digitally supported sales processes during the COVID-19 pandemic to maintain customer access while conventional site visits were constrained.
Outcome. The initiative supported a more digitally enabled home-buying experience and became part of the group’s broader digitalization effort.
Brand decisions
2020
Accelerate digitalization during the pandemicStrategyBackground
COVID-19 restrictions disrupted conventional property marketing, viewings, and sales activity.
Action taken
Century enhanced its websites and introduced or expanded virtual tours and other digital customer tools.
Aftermath
The group moved toward a more digitally supported property-sales experience.
2018
Form PHirst Park Homes with Mitsubishi CorporationM&ABackground
Century pursued the large affordable-housing and first-home market beyond Metro Manila.
Action taken
The company entered a joint venture with Mitsubishi Corporation to develop horizontal affordable housing in growth cities.
Aftermath
The partnership created a separate platform for house-and-lot communities and diversified Century’s development portfolio.
2008
Create a dedicated affordable vertical-housing platformStrategyBackground
The group identified demand among affordable and middle-income condominium buyers as a distinct market opportunity.
Action taken
Century incorporated Century Limitless Corporation to focus on affordable vertical residential projects.
Aftermath
The subsidiary launched Azure Urban Resort Residences in 2009 and broadened the group’s residential market coverage.
2006
Enter large-scale mixed-use developmentStrategyBackground
Century sought to expand beyond individual high-rise residential projects and use its development experience on a larger urban site in Makati.
Action taken
The group incorporated Century City Development Corporation and pursued the Century City mixed-use project.
Aftermath
The move added medical, retail, office, and leisure components to Century’s residential development model.
Recent events
- Unconfirmed
Philippine Competition Commission approves CPGI acquisition of Century Development II shares[2]
The Philippine Competition Commission approved CPGI's proposed acquisition of voting shares in Century City Development II Corporation. The reported transaction involves shares representing 40% of the outstanding shares then held by FMT Kalayaan Inc.
Sources2 sources
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