CPG's Trump Tower Units Selling Out 2 Years Ahead of Completion
Residential units at the ultra-luxury Trump Tower at Century City in Makati of the premium real estate firm Century Properties Group Inc. (CPG) has pre-sold 94 percent of its units two years ahead of the project’s completion.
Trump Tower has over 250 units with a total sales value of P6.13-billion, making this one of the most expensive and successful projects in the history of the country.
The project’s success is comparable to the tremendous record sales of other Trump developments worldwide, such as Trump International Hotel & Tower, Waikiki, Trump International Hotel & Tower Chicago, Trump International Hotel, Las Vegas and many others.
“We would like to congratulate our great partners, Century Properties Group, on this very exciting accomplishment. Together, we have done something very special and this fantastic property will set the standard of luxury and quality in the Philippines and beyond,” said Donald J. Trump, chairman and president of the Trump Organization.
“We thank the Trump Organization for putting its confidence in the Philippines and for trusting Century Properties to execute this project.
Putting a Trump Tower in the Philippines is Century’s contribution to making Metro Manila an international destination.
We are overwhelmed by the response from the market to the Trump Brand and are grateful, as this now affords the city one of the most luxurious buildings in the world, comparable to the city centers of New York, Hong Kong and Singapore,” said Century Properties chairman and CEO Jose E.B. Antonio.
“We also thank and congratulate all of the Trump unit owners, who will experience the exceptional service only found at a Trump development when we turnover in 2016,” he added.
Century’s director for Investor Relations Kristina Garcia said high-net-worth Filipinos and foreign nationals are majority of the buyers at Trump Tower, citing the brand’s prestige, assurance of quality and exclusivity, choice location and five-star services as the main drivers of unit purchases.
“The successful sales of Trump Tower is a strong indicator of the power of Trump and how Century Properties has maintained its solid position as a key developer of first-class residential developments within the central business districts of Metro Manila, while it continues to diversify into other market segments,” Garcia said.
A first in the Philippines and Southeast Asia, Trump Tower is rising at Century City, the integrated center of premium residences, office, retail and commercial high rises in the financial district of Makati.
The building’s construction has reached the 27th floor of construction as of early January 2015.