SMDC teams up with P.A. Properties for a new development

Leading real estate giant SMDC teams up with P.A. Properties for a new landmark development in the South

/ 11:25 AM March 07, 2024

Philippines’ fastest-growing property developer, SM Development Corporation (SMDC) seals its partnership with P.A. Alvarez Properties and Development Corporation (P.A. Properties), one of the leading developers of low to medium-cost housing communities in Southern Luzon. The joint venture has a single goal: to connect more Filipinos and bring them closer to their dreams of a better life.

SMDC P.A. Properties new landmark in the South partnership

South Metro Manila’s Gateway Oasis

In SMDC’s DNA lies one core objective – to build residential condominiums in central locations, linking residents to transport hubs to connect them to wherever they need to be.

P.A. Properties and SMDC’s joint venture signifies the start of building a landmark development in Bicutan’s “Gateway Oasis.” It is right beside two critical infrastructure developments—the Metro Manila Subway Project (MMSP) and North-South Commuter Railway (NSCR) System. Both are part of the Build Better More program of the Philippine government.

A vision to bring Filipinos closer to their aspirations

SMDC P.A. Properties new landmark in the South partnership

Recognizing the staggering housing backlog of at least 6.5 million units in the Philippines, SMDC is dedicated to making homeownership more accessible to a broader segment of the Filipino population. In parallel, P.A. Properties is unwavering in its commitment to alleviate this shortage while contributing to economic growth. The shared commitment to address the nation’s housing needs unites both companies in a seamless collaboration, where they leverage their pooled resources and expertise.

Reflecting on their journey, Romarico Alvarez, Chairman of P.A. Properties, expresses, “Looking back at our humble beginnings, it’s gratifying to witness how far we’ve come, and it is indeed an honor for us to be partnering with SMDC.”


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