Century Properties Group finalises PHirst Park Homes merger
The Philippine Securities and Exchange Commission approved the consolidation, integrating PHirst Park Homes, which contributed 73% of H1 2026 revenue, directly into the parent company.
SEC approves property developer consolidation
Philippine developer Century Properties Group Inc. (CPG) has completed its merger with PHirst Park Homes Inc., following approval from the Securities and Exchange Commission. Under the agreement, CPG will operate as the surviving entity.
All assets, properties, receivables, rights, privileges, and interests previously held by PHirst will transfer to CPG, which will also assume all of PHirst’s outstanding liabilities and obligations. This move consolidates the operations of both companies under a single corporate structure.
Strategic goals for agility and capital
The merger aims to streamline CPG’s organisation and enhance resource allocation, according to CPG president and chief executive officer Marco Antonio. He stated the initiative supports the company’s objective of creating a simpler, more agile listed firm, while also facilitating disciplined capital allocation.
This strategy seeks to strengthen CPG’s first-home residential business platform, integrating it more closely with its diverse real estate portfolio. The company expects improved strategic alignment and governance.
PHirst drives revenue growth for CPG
PHirst Park Homes’ residential segment proved to be CPG’s primary growth engine in the first half of 2026. From January to June, PHirst Residential contributed 73 percent of CPG's consolidated revenues, marking a seven percent year-on-year increase. Other segments supported CPG's portfolio, with Century Premium accounting for approximately 16 percent of revenues.
Commercial leasing and property management services provided recurring income, contributing seven percent and four percent respectively during the same period.
Investor visibility and resource deployment
The integrated structure is expected to simplify oversight of capital, resources, and compliance, according to CPG chief financial officer Rodel Marqueses. This consolidation should lead to greater visibility over financial performance and more efficient resource deployment across the group.
Investors can anticipate these operational improvements to support CPG’s long-term stockholder value, as the company aims for enhanced transparency and execution within its combined residential and diversified real estate businesses.
This article is journalism, not investment advice; consult a licensed professional before making financial decisions. Market data is indicative, may be delayed, and should be verified with your broker or exchange before use.
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