SM unveils new condo project in Manila

MANILA, Philippines – SM Development Corp. has unveiled its first condominium project for this year – the 50-story, single-tower “Green Residences” near the De La Salle University on Taft Avenue in Manila.

SMDC disclosed to the Philippine Stock Exchange on Wednesday that it had begun pre-selling studio and one-bedroom units, either with or without a balcony, for about P1.5 million to P3.5 million. Unit sizes are between 15 and 35 square meters. Construction of Green Residences started late last year and completion is targeted within the first half of 2016, SMDC said.

Apart from its proximity to DLSU whose theme color inspired the name of the project, Green Residences is also near other major educational institutions in Manila, such as the College of St. Benilde, an affiliate of DLSU, and St. Scholastica’s College. It offers easy access to public transport for unit owners via the Vito Cruz and Quirino stations of elevated Light Railway Transit.

Major commercial establishments, such as shopping malls and restaurants are within the vicinity of Green Residences.

SMDC said this newest project “intends to serve the demand for first-rate homes within the area coming from thousands of students and their families.”

“As in all other SMDC projects, Green Residences offer five-star quality homes in a prime location,” the company said.

The planned amenities of Green Residences include a library with Wi-Fi hotspots, a gym, a game room, function rooms, and a swimming pool. There will also be an SM SaveMore branch together with a selection of other shops and restaurants on the ground floor of the building.