SMDC remains top condo seller in H2

MANILA, Philippines -SM Development Corp. (SMDC) remained the top seller of residential condominium units in Metro Manila in the second half of 2011, disposing more than 6,000 units from its 16 projects, a property consultancy firm said.

According to the latest report of Colliers International Philippines, SMDC’s sales from July to December last year accounted for a 24 percent market share in terms of number of units sold in an industry with more than 90 players.

For the entire 2011, approximately 145 residential towers, translating to 50,000 units, were launched by property development firms.

The residential property arm of SM Investments Corp. has consistently been number one in this property survey since July 2009.

In the first half last year, SMDC sold 4,117 residential units, bringing the total number of units sold to more than 10,117 units.

To continue to meet the demand of its various market segments, SMDC will be launching new projects in Makati, Bicutan, Pasay, Quezon City, Mandaluyong and Taguig.

SMDC will also be building expansion towers for Jazz Residences in Makati, Wind Residences in Tagaytay and Field Residences in Sucat, Parañaque.