Century Properties to launch P13 B worth of residential units

MANILA, Philippines — Century Properties Group Inc. (CPG) is expecting to gain around P13 billion in presales of the second phase of its Batulao Artscapes project in Nasugbu, Batangas.

Tim Hallett, president of Century Properties Leisure and Hospitality Inc. (CPLHI) said the second phase of the project would offer approximately 1,700 residential units.

“This inventory represents the biggest bulk of the project and we expect the sales to be brisk due to the overwhelming demand for the project,” Hallett said.

Hallett said the company has received interest from potential buyers of the units.

“We will start the presale for the second phase in a few weeks,” Hallett said.

The first phase of the 142-hectare Batulao Artscapes was launched last December.

Hallett said around 85 percent to 86 percent of the 306 homes in the first phase were already presold.

CPG managing director Robbie Antonio earlier said the project received better than expected interest as it has presold P1.7 billion worth of residential units.

“We are really encouraged by the great market response,” Hallett said.

CPG has dubbed the project as an ‘artventure’ community that boasts designer homes and world class amenities.

It has four villages: Cluster, Commune, Collection and Curated. The project is primarily positioned for active retirees and established families looking for design-driven homes outside Metro Manila.

Filipino names lead the roster for Batulao Artscapes’ first three villages: Architect Ed Calma’s Polygonal Successions for the Cluster Village, designer Kenneth Cobonpue’s Hedera Homes for the Commune Village, and Budji+Royal Architecture+Design of Budji Layug and Royal Pineda for the Collection Village featuring their Tranche and Facet Homes.

The fourth section, called the Curated Village, feature one-of-a-kind homes by international architects and designers. The first Curated Village within Batulao Artscapes features David Salle + AA Studio’s “Billboard Home”, Marcel Wanders’ “Eden”, Marmol Radziner & Kravitz Design’s “Instrumental Home”, Philip Johnson Alan Ritchie Architects’ “Modular Glass House”, Elizabeth de Portzamparc’s “Butterfly Home”, AFGH for Wallpaper’s “We Home”, Studio Libeskind Design’s “Adaptation II”, Daphne Guinness’ “Daphne Skin Home”, Pelli Clarke Pelli’s “Cabin/Stack/Prefab, and PMR+Metro’s “Modular Living.”

Apart from the designer homes it offer. The second phase of the project will also feature lifestyle investment properties in the form of a 500-room art-inspired condominium inside the 2.5-hectare Batulao Artscapes Art Park.

The said condominium will feature the designs of select artists in the building’s façade and exterior walls.

In addition, some 30 art-inspired resort villas will also be built to complement the art condominium.

“We are making sure that the Batulao Art Park will reflect the original vision of creating an artventure community built on the foundation of good design, art and architecture,” Hallett said.

Hallett said the company targets to complete the development of the first two phases of the project, which accounts for around 41 hectares of the entire property, in three to four years.

Century is the developer of Batulao Artscapes. It has partnered with Revolution Precrafted for the supply of the homes and retail structures in the project.

Revolution Precrafted is a global manufacturer of design-driven, limited edition, homes, pavilions, furniture, retail spaces and soon, office blocks.