SM Development Corporation - updates

Rappler's latest stories on SM Development Corporation


QC Council exempts 1,714-unit SMDC project from zoning law

May 19, 2017 - 7:33 PM

The Quezon City Council reasons that the condominium complex will not damage the surrounding community and will even help in development as it aims to provide affordable housing

EXEMPTED. SM Development Corporation has been exempted in constructing an 11-building condominium complex at the north of Quezon City.

House conducts inquiry into sale of Pampanga's Paskuhan Village

Mar 01, 2017 - 9:37 PM

The Committee on Good Government and Public Accountability seeks to establish if the sale of Hilaga popularly known as Paskuhan Village was legally valid and if proper procurement procedures were put into place

PASKUHAN VILLAGE. The once lively Paskuhan Village (Philippine Christmas Village) is now a desolate 9.3-hectare property owned but has yet to be developed by the Premier Central, Incorporated. Photo by Jun A. Malig

Lack of one-time gain drags SM Prime's 2016 profit

Feb 21, 2017 - 4:15 PM

SMPHI says its bottomline stood at P23 8 billion for 2016 compared to 2015 s P28 3 billion which included a P7 4 billion one time trading gain

'WELL-POSITIONED.' SM Prime President Jeffrey Lim (in the middle) says the company is well-positioned to capture the positive impact of the higher infrastructure spending intended by the government. Photo by Martin San Diego/Rappler

SMDC to venture into affordable housing

Dec 23, 2016 - 7:30 PM

The real estate firm says its upcoming gated development will have house and lots well appointed amenities and a commercial development right beside it

NEW VENTURE. These planned MRB developments are mostly located in SM’s mall complexes that give residents the utmost convenience with a supermarket, department store and other dining and entertainment venues next door. Rappler file photo

Strong mall revenues drive SM Prime's net income

Nov 07, 2016 - 5:25 PM

The chief of SM Prime says his company expects its success to continue over the medium term as economic growth spreads to the rest of the Philippines

FOOT TRAFFIC. A bridge connects Phase 1 and Phase 2 of SM City Xiamen in Fujian, China, boosting traffic in the newer wing. Photo by Mia Gonzalez/Rappler

Meralco in talks with SMDC, Megaworld for prepaid meters

Dec 12, 2015 - 3:38 PM

SMDC and Megaworld are Meralco’s target customers for the additional 100 000 meters it plans to install within its assigned franchise areas

IN TALKS. SM Development Corporation and Megaworld Corporation are considering to use Meralco's prepaid electricity meters in their housing projects

SM Prime to launch residential projects worth P42B

Jan 12, 2015 - 2:14 PM

The real estate arm of the Henry Sy led empire aims to roll out 4 to 5 new condo projects and two expansion phases for the year

Bids to challenge SM in Manila Bay reclamation sought

Nov 24, 2014 - 7:12 PM

The city government of Parañaque says comparative proposals for the P50 2 billion project may be submitted until December 1

Comparative proposals sought for P4B SMDC condo project

Nov 10, 2014 - 5:57 PM

The Pasay City government invites bidders to offer comparative proposals to the proposed SM Development Corporation condominium project

SM Prime to build residences in China

Nov 21, 2013 - 11:35 AM

SM looks to expand its operations in China by building residences

FULL INTEGRATION. The merger of Sy group property units will be completed in 6 months, a company executive said

Sy-led property firms to delist on Nov 5

Oct 18, 2013 - 3:57 PM

Shares of luxury developer Highlands Prime Inc and residential property unit SM Development Corporation SMDC will no longer be traded in November

Merging SM firms' shares fall

Jun 03, 2013 - 2:41 PM

Upscale residential developer Highlands Prime went down 5 79 to P2 44 while mall operator SM Prime Holdings Inc fell 6 05 to P18 32

SMDC sees up to 15% rise in 2012 income

Apr 25, 2012 - 9:23 PM

SM Development expects strong sales to lift its net income this year

Henry Sy's SM lukewarm on participating in PPPs

Apr 25, 2012 - 6:04 PM

Henry Sy Jr expresses guarded interest in the government s upcoming public private partnership projects

#BaguioTrees: Anger, criticism online over act

Apr 10, 2012 - 8:13 PM

Discussion spreading fast online with majority or comments and posts criticizing the act

Villar says 'discount' on Corona property is normal

Jan 31, 2012 - 6:00 PM

Real estate firms need to be flexible

NO SURPRISE. Senator-judge and real-estate mogul Manny Villar says condominium developers can offer "flexible" selling prices "depending on current market trends or the need of the companies." (Photo courtesy of Emil Sarmiento)