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SM unit launches Novaliches project

SM Development Corp. (SMDC) has launched Trees Residences in Novaliches, Quezon City, which promises its residents upscale living and greater convenience at more affordable prices.

Posted: November 28th, 2013 in Headlines | Read More »

Construction of SMDC’s 4-tower residential project in Taguig starts

Property developer SM Development Corp. has broken ground for its residential development project in Taguig City —the four-tower Grace Residences along Cayetano Boulevard near C5 road.

Posted: June 30th, 2013 in Headlines | Read More »

SMDC on P71B expansion binge

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Residential property developer SM Development Corp. unveiled on Wednesday a P71-billion three-year expansion program and a top management change, as it affirmed its upbeat outlook on the affordable residential property segment of the sector.

Posted: April 25th, 2013 in Headlines | Read More »

SM confirms purchase of Philamlife property

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smdc-logo

SM Development Corp., the residential property arm of the SM group of tycoon Henry Sy, has expanded its land inventory with the acquisition of the prime property of local insurance firm Philippine American Life and General Insurance Co. along UN Ave. in Manila.

Posted: March 18th, 2013 in Latest Business Stories | Read More »

SMDC net income up 17.5% in ’12

SM Development Corp. (SMDC) reported that, for the full year of 2012, its consolidated net income went up by 17.5 percent to P4.9 billion, realizing a net margin of 22.7 percent.

Posted: February 22nd, 2013 in Headlines | Read More »

SM Development reports P4.9-B profit in 2012

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smdc-logo

Residential property developer SM Development Corp. increased its net profit last year by 17.5 percent to P4.9 billion as real estate revenues expanded at a double-digit pace, the company announced Wednesday.

Posted: February 20th, 2013 in Latest Business Stories | Read More »

Merger of SM property units eyed

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HENRY SY SR.. INQUIRER file photo

The family of tycoon Henry Sy Sr. is considering an external proposal to consolidate property-related businesses, including residential property arm SM Development Corp. and flagship shopping mall unit SM Prime Holdings, into a single publicly listed entity.

Posted: February 20th, 2013 in Editor's Pick,Headlines | Read More »

SMDC’s Shell Residences 87% sold

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Artist’s perspective of the Shell Residences  COURTESY OF SHELLRESIDENCES.WEBS.COM

Presidential property developer SM Development Corp. reported that its second project in the Mall of Asia complex, the 3,093-unit Shell Residences, was 87 percent sold as of end-2012.

Posted: January 10th, 2013 in Latest Business Stories | Read More »

SMDC seen focusing on medium-rise projects

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The SM Group’s residential property arm, SM Development Corp., aims to sustain its growth momentum by expanding into medium-rise building development, increasing its nationwide footprint and making more inroads into overseas markets.

Posted: December 12th, 2012 in Editor's Pick,Headlines | Read More »

SMDC profit as of Sept. up 5.7%, hits P3.3B

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SM Development Corp. posted a 5.7 percent year-on-year growth in January-September net profit to P3.3 billion as the property developer booked higher revenues from ongoing residential projects including Jazz Residences in Makati (as shown).  PHOTO FROM SMDEVELOPMENT.COM

Tycoon Henry Sy-led SM Development Corp. posted a 5.7 percent year-on-year growth in January-September net profit to P3.3 billion as the property developer booked higher revenues from ongoing residential projects.

Posted: November 8th, 2012 in Latest Business Stories | Read More »

Sea Residences 95% sold, SMDC says

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Sea Residences at MOA complex

Residential property developer SM Development Corp. (SMDC) said it has sold 95 percent of the units in Sea Residences, a six-tower condominium development in the Mall of Asia complex.

Posted: October 22nd, 2012 in Latest Business Stories | Read More »

SMDC net income up 38% to P2.7B in H1

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An artist’s perspective of the Green Residences, one of 16 projects of the SM Development Corp. that are under construction. The SMDC grew its 2012 first-semester consolidated net income by 38 percent year on year to P2.7 billion on the back of a strong expansion in real estate revenues.

Residential property developer SM Development Corp. grew its first-semester consolidated net income by 38 percent year on year to P2.7 billion on the back of a strong expansion in real estate revenues.

Posted: August 1st, 2012 in Latest Business Stories | Read More »

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