By staying true to our slogan: "Five Star Homes in Prime Locations, Made Affordable"; SMDC has managed to stay on top in terms of condominium sales in the Philippines. This Philippine Daily Inquirer article also mentions the strength of the condominium buyers' market, with a number of developers getting into the scene.
This is fueled by the growth of the Philippine economy under the current administration, and the confidence of people in a better future for the country.
Without further ado, here's the article from PDI, with link at the bottom:
The Sy family-led SM Development Corp. is still Metro Manila’s top residential condominium property developer with a 24-percent market share of all units sold in the second half of 2011, based on a research by property consultant Colliers.
Citing a study done by Colliers International Philippines, SMDC announced Tuesday that it kept the number one rank in this property survey since 2009.
The property industry sold more than 25,000 units from July to December last year, 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 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 that it would build expansion towers for Jazz Residences in Makati, Wind Residences in Tagaytay and Field Residences in Sucat, Parañaque. Doris C. Dumlao
http://business.inquirer.net/44615/smdc-topped-condo-market-in-2nd-half-of-2011
This is fueled by the growth of the Philippine economy under the current administration, and the confidence of people in a better future for the country.
Without further ado, here's the article from PDI, with link at the bottom:
The Sy family-led SM Development Corp. is still Metro Manila’s top residential condominium property developer with a 24-percent market share of all units sold in the second half of 2011, based on a research by property consultant Colliers.
Citing a study done by Colliers International Philippines, SMDC announced Tuesday that it kept the number one rank in this property survey since 2009.
The property industry sold more than 25,000 units from July to December last year, 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 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 that it would build expansion towers for Jazz Residences in Makati, Wind Residences in Tagaytay and Field Residences in Sucat, Parañaque. Doris C. Dumlao
http://business.inquirer.net/44615/smdc-topped-condo-market-in-2nd-half-of-2011
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