CENTURY Properties Group, Inc. (CPG) expects to generate around P13 billion from sales of the second phase of its Batulao Artscapes project in Nasugbu, Batangas.
In a statement, Tim Hallett, president of Century Properties Leisure and Hospitality, Inc., said there is strong demand for the project, which it described as the world’s first “livable art park.” Pre-selling for Phase 2 of Batulao Artscapes will begin in the next few weeks.
“We are very excited to offer approximately 1,700 residential units, as part of the next phase of pre-sale for Batulao Artscapes. 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,” Mr. Hallett said.
Batulao Artscapes was launched in December 2017, and will feature houses designed by local and international architects and built by Revolution Precrafted. Located within a 142-hectare property, it has four villages named, Cluster, Commune, Collection and Curated.
The first three villages are designed by Filipino architects and designers — architect Eduardo Calma’s Polygonal Successions for Cluster Village; Budji Layug and Royal Pineda’s Tranche and Facet Homes for Collection Village; and designer Kenneth Cobonpue’s Hedera Homes for Commune Village.
For Curated Village, there are 12 one-of-a-kind homes by international designers and architects such as David Salle and AA Studio for the “Billboard Home,” Marcel Wanders for “Eden,” Studio Libeskind Design for “Adaptation II,” and Daphne Guinness for the “Daphne Skin Home.”
Batulao Artscapes is targeting retirees and families searching for designer homes outside Metro Manila.
The company said it has pre-sold 74%, with a sales value of P1.2 billion, of the first 306 homes from the various collections that it offered to the market.
Also being developed are a 500-room art-inspired condominium inside the 2.5-hectare Batulao Artscapes Art Park, as well as 30 resort villas.
“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,” Mr. Hallett said.
Batulao Artscapes is expected to be completed in 2021.
CPG’s profit fall by 10.59% to P649.9 million last year, lower than the P726.9 million it delivered in 2016.