MANILA, Philippines—SM Development Corp. is Metro Manila’s top residential condominium developer with a 24-percent share share of all units sold in the second half of 2011, according to research done by property consultant Colliers.
Citing a study done by Colliers International Philippines, SMDC announced on Tuesday that it had kept the No. 1 rank in this property survey since 2009.
The property industry sold more than 25,000 units from July to December of 2011, of which SMDC accounted for the biggest share of more than 6,000, based on the Colliers research.
“This trend continues for the entire 2011, where the Metro Manila condominium market was characterized by strong competition as approximately 145 residential towers, more or less 50,000 units, were launched,” the SMDC said.
To continue to meet the demand of its various market segments, SMDC said in the statement that it would launch new projects for 2012 in Makati, Bicutan, Pasay, Quezon City, Mandaluyong and Taguig.
SMDC also announced building expansion towers for Jazz Residences in Makati, Wind Residences in Tagaytay, and Field Residences in Sucat, Parañaque.