SMDC remains top seller of condo units in Metro Manila

Tycoon Henry Sy-led SM Development Corp. remained the biggest seller of residential condominium units in Metro Manila in the first semester of the year, according to the latest report of property consultancy firm Colliers International Philippines.

The Colliers research showed SMDC had sold the most number of Metro Manila residential condominium units and attained the highest amount in terms of sales value in the first half of the year, sustaining its leadership in the metropolis.

SMDC sold 4,117 residential condominium units from January to June 2011 worth P9 billion. This translates to a 22 percent market share in terms of number of units sold in an industry with more than 90 players.

The residential property arm of SM Investments Corp. currently has 15 residential projects in its portfolio, 14 of which are in Metro Manila and one in Tagaytay City.

Six projects namely Berkeley Residences, Chateau Elysee, Mezza Residences, Field Residences, Grass Residences and Sea Residences are now ready for occupancy.

This year, SMDC launched two of its latest projects, Mezza II Residences, which is located at the corner of Aurora Boulevard and Guirayan Street in Quezon City.

Mezza II is near SM City Sta. Mesa and M Place @ Ortigas, which is along Meralco Avenue in the Ortigas Commerical Business District.

M Place @ Ortigas is targeted toward young professionals working in the area. It offers added convenience considering its proximity to transportation hubs, malls and shopping centers.

For the rest of the year, SMDC is scheduled to launch three more residential condominium projects. Doris C.Dumlao