Century Properties Group, Inc. (CPG) will spend “around P5 billion” for its condominium projects this year, about P1 billion for new leasing assets, and will launch new affordable housing and tourism projects, the developer said in a disclosure to the Philippine Stock Exchange.

“For 2017, we plan to spend around P5 billion in our condominium projects and an additional P1 billion in leasing assets. We are also looking to start deploying capital for our affordable and tourism business later this year,” explained Kristina Garcia, head of CPG’s Investor Relations group.

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