SSS raises Century Properties stake

The Social Security System (SSS), the Philippine state-run pension fund for private-sector employees, increased its ownership stake in listed property developer Century Properties Group Inc. (CPG) to approximately 9.9% from 6.4%. The increase was achieved through a block sale executed on the Philippine Stock Exchange, where SSS acquired 406.47 million common shares at P0.665 per share, totaling about P270.3 million. The seller was Century Properties Group, the holding vehicle of the founding Antonio family, which retains majority control. This follows SSS's earlier acquisition of 740.74 million shares in July 2025. CPG executives, including President and CEO Marco Antônio and CFO Rodel V. Marqueses, characterized the investment as a strong vote of confidence in the company's fundamentals, governance, growth strategy, and shareholder return profile. The company highlighted its 'twin-engine' strategy combining PHirst's affordable housing platform with premium residential developments, and its focus on the end-user market to sustain dividends and moderate debt.