Century Properties ties up with Columbian Motors for Paranaque project

Century Properties would be partnering with Columbian Motors Group of Companies for a nine-building residential development in Paranaque City. Dubbed the Azure Urban Resort Residences, the project would be Century Properties’ first outside of the CBD areas in many years. The project would cost P6 billion, said John Victor Antonio, Century Properties’ chief operating officer. “We are launching the Azure under Century Limitless, a new brand category of Century Properties that will develop affordable yet high-value residential projects," Antonio added. Azure will be the nearest new project located in the South Luzon Expressway corridor, rising in a six-hectare property in Brgy. Marcelo Green, Paranaque, right beside SM Bicutan and accessible via the Bicutan exit. The project will cater to businessmen, employees and families whose activities are based in Makati or Alabang, as well as overseas Filipino workers looking to invest in the Philippines. The first building, Rio, is offering one , two, and three-bedroom units in bare or fully-fitted options at an average price of P1.9 million for a 26-square meter unit with a balcony area for as low as P17,000 a month. Antonio said that Century Properties is currently applying for a Pag-IBIG Fund accreditation in order to service the affordable housing market. “All the amenities have been incorporated into the master plan to promote recreation, health and wellness," he said. The Azure is Century Properties’ latest vertical residential project among its recent projects: The Gramercy Residences and The Knightsbridge Residences, both located at Century City, Kalayaan Avenue in Makati. “This project marks our entry into the local middle income market that has come to appreciate real estate as a good asset to have," Antonio said. CMA, GMANews.TV