CDC Holdings gross income up 18% |
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CDC Holdings gross income up 18%

by Jillian CariolaPublished: May 28, 2015Updated: June 1, 2015

CDC says the bulk of their 2014 income can be attributed to sales from their two Sta. Ana developments.

CDC Millennium Ortigas

Local property developer CDC Holdings, Inc. yesterday announced 2014 gross sales of Php 1.158 billion, an 18% increase from 2013’s Php 975 million.

“(The year) 2014 has been a very positive year for us, providing us a springboard to achieve greater heights in the coming years,” CDC Holdings chief operating officer Charlene Chua-Sy said.

A breakdown of their total sales revealed that majority of 2014’s numbers is from combined sales of units in their Sta. Ana, Manila developments: River Green Residences, which returned a total of Php 400 million; and Manila Rivercity Residences, with Php 250 million. Pasig-based CDC Millennium Ortigas sold a total Php 400 million, while Lions Park Residences in Sun Valley, Parañaque sold Php 80 million in units.

Further analysis showed that 58% of their sales are from local buyers, while 42% are from foreign clients including overseas Filipino workers (OFWs).

“Through the years, the company has become a trusted partner by property developers, industry players, and homeowners here and abroad. We are very, very focused on reaching out and being where the Filipinos are. Kung saan sila, yung mga kababayan natin abroad, we try to be there as well,” Chua-Sy explained.

This year, the brand said, their plan is to focus on selling more units, particularly the residential apartments in CDC Millennium and the SOHO (small office home office) units in their Sentrale project in Makati; as well as the completion of the last tower of Lions Park Residences.

The company also announced some of their development plans to occur in the next few years. According to CDC Holdings president and CEO Elsie Chua, several projects are already in the pipeline, including one residential building each in Makati, Manila, and the bay area; and a 7-11-hectare land in the south to be developed for townhouses. She also revealed that the company is looking into expanding into provinces, particularly in Cebu.

“We are taking advantage of the robust property market and will continue to be at the forefront of the real estate industry as we have continuously been for almost 30 years,” Chua-Sy concluded.

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