PHirst Park Homes generates P6 billion in sales

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PHIRST PARK Homes, Inc. (PPHI) has recorded P6 billion in sales from its first three affordable housing projects in Cavite, Batangas, and Laguna.

In a statement, the affordable housing brand of Century Properties Group, Inc. said it sold 3,706 units out of the 4,187 units it launched since May 2017. The residential projects are located in Tanza, Cavite; Lipa, Batangas; and San Pablo, Laguna.

“The strategic location, quality, and the affordability of our projects are the primary reasons why we are receiving an overwhelming demand to purchase PHirst Park Homes. We’ve accelerated the pace of our developments especially in the Tanza project, the third and final phase of which is now being offered ahead of schedule,” Ricky M. Celis, president of PPHI, said in a statement.

The first two phases of PHirst Park Homes Tanza is sold out, while pre-selling for the third phase has started. Land development for phase one is already 95% complete, while second phase is 87% complete as of end of July this year.

The first phase of PHirst Park Homes Lipa is now 92% sold, while first phase of PHirst Park Homes San Pablo is 74% sold.

“The sales demand mostly came from the OFWs, new families, and people who wanted to have a home because they can already afford it,” Mr. Celis said.

PHirst Park Homes is a joint venture between CPG and Mitsubishi Corp.