SM tops condo selling in 2010

HENRY Sy Jr.-led SM Development Corp.—arguably the biggest threat to the leading property developers to date—sold the most number of residential condo units in Metro Manila in 2010, according to property consultant Colliers International Philippines. SMDC grabbed the top slot for the second straight year.

“SMDC has maintained its sales momentum, having sold more than 9,000 residential condominium units in 2010, nearly double its full year 2009 sales of 4,700 units. Given this figure, the company has a 23-percent market share of the approximately 40,000 residential condominium units sold last year. SMDC’s strategy of affordable pricing coupled with flexible payment terms continues to attract market reception,” the Colliers report said.

With this result, SMDC said it firmly intends to provide more quality homes in prime locations at affordable prices, which are the cornerstone of its two brands SM Residences (the brand represented by actress Anne Curtis) and M Place (which targets the younger bracket, as represented by actress Kim Chiu).

For more details on SM Residences, you may contact Reby Ramirez @ +63 919.699.3572 / +63 922.883.9308 / +63 916.4044.555 / +632 404-4534 or e-mail her @ reby_ramirez@yahoo.com.

Lastly, FYI for related information on the new real estate law, RA 9646, please proceed to www.RA9646.com, the online repository of updated information on Real Estate Service Act of 2009 (RESA).

source: Philippine Daily Inquirer, April 12 2011