The SM Land Commercial Properties Group (CPG) primarily handles the development and leasing of office buildings in prime Metro Manila and strategic regional locations, as well as the operations and property management of such buildings and properties.

SM Land CPG’s flagship project is the Mall of Asia Complex (MOAC) in Pasay City, a 65-hectare master planned bayside development with the renowned SM Mall of Asia as its anchor tenant and main attraction, among other commercial, business, and entertainment establishments within the estate. MOAC is also the site of CPG’s signature business complex, the E-comCenters—a series of modern and iconic office buildings mostly targeting technology-based industries and business process outsourcing (BPO) companies.

Other similar office building developments catering to the BPO industry include the SM Cyber Buildings, a mix of built-to-suit and ready-to-use office spaces in Makati City, Baguio City, and soon in other emerging “next wave” city locations.

VALUE PROPOSITION

SM Land CPG offers competitively priced real estate and business solutions to its clients through its diverse portfolio of projects and services. Our group is committed in helping companies and industries grow their businesses by creating workplaces that help attract and retain well-rounded, productive, satisfied and fulfilled employees. Strategic locations near SM commercial and retail developments offer a holistic lifestyle for working professionals. Building amenities and features are well-planned and can be built-to-suit to readily respond to round-the-clock demands and technology needs of today’s businesses.

REAL ESTATE DEVELOPMENT

The company’s net income from real estate operations reached Php3.00 billion, 91% higher from last year’s Php1.60 billion. Revenues, on the other hand, rose 86% to Php11.3 billion from Php6.1 billion in 2010.

SM Development Corporation (SMDC)

SM Development Corporation (SMDC) residential developer SM Development Corporation (SMDC) posted a consolidated net income of Php4.18 billion in 2011, increasing sharply by 38% from Php3.02 billion in 2010. Of the total, net profit from real estate operations amounted to Php4.04 billion, for a robust 58% growth from Php2.56 billion posted during the same period in 2010. Consolidated revenues amounted to Php16.99 billion, higher by 70% year-on-year. EBITDA amounted to Php4.95 billion, for a healthy EBITDA margin of 30%. Net earnings over the past 5-years have grown by an average of 44.6%.

SMDC’s revenues from real estate operations during the year soared 79% to Php16.18 billion from Php9.12 billion in 2010. The market continues to show strong acceptance of SM Residences and M Place products, backed by a deeper confidence on the company’s proven ability to complete its projects, thereby fueling to a large extent SMDC’s notable 2011 results. The consistent offerings of high-quality and well-designed residential units built by an experienced team composed of the country’s top contractors, engineers, architects, and interior designers also allowed SMDC to gain further traction and brand recognition.

For the whole of 2011, SMDC pre-sold 11,726 residential condominium units worth approximately Php26.27 billion. Compared to the same period in 2010, the number of units presold increased by 14% and exceeded the company’s sales target of Php23.57 billion by 11%.

Meanwhile, the company’s total assets for the period reached Php54.77 billion, 25% higher than Php43.70 billion attained in 2010, while its total liabilities stood t Php19.36 billion. SMDC’s stockholders equity amounted to Php35.41 billion, up 38% from Php25.66 billion during the previous year.

In a recent study done by the Advisory and Research Services of Colliers International Philippines, SMDC captured the top spot corresponding to a 24% market share of the more than 25,000 residential condominium units that were sold by the industry during the second half of 2011, when SMDC sold more than 6,000 units. The company has consistently been number one in Colliers’ property surveys since July 2009. This trend continues for the entire 2011, during which the Metro Manila condominium market was characterized by strong competition.

SMDC currently has 15 residential projects under its SM Residences brand and two projects under the M Place brand. For the rest of 2012, five more new residential condominium projects will be launched in Metro Manila.

SM Development Corp.

SM Development Corporation is a fast-growing residential property developer focusing on the premium middle market, expertly balancing key housing factors of quality, style, durability, and affordability.

visit the site »

Highlands Prime, Inc.

Highlands Prime, Inc. is the leading high-end residential developer within Tagaytay Highlands, an exclusive, world-class mountainside resort and residential complex.

visit the site »

Commercial Properties Group

The SM Land Commercial Properties Group (CPG) primarily handles the development and leasing of office buildings in prime Metro Manila and strategic regional locations, as well as the operations and property management of such buildings and properties.

visit the site »

Leisure

Hamilo Coast is SM Land’s premier, sustainable leisure destination in Nasugbu, Batangas. It is a 5,800 hectare property with 13 natural coves, 25 kilometers of pristine beachfront; forests, mountains, limestone cliffs, and rock formations.  Over the long term, Hamilo Coast will offer a variety of dwelling options and will be the home of an integrated network of leisure communities.

visit the site »
Our Advertisers
Copyright © 2008 SM Investments Corporation. All Rights Reserved