SM Prime set to develop 7 residential projects in Phillipines

SM Prime set to develop 7 residential projects in Phillipines

SM Prime Holdings, Inc. is all set to launch $ 936.41 Mn worth of 7 residential projects in the current year.

The plan is to offer about 12000 to 14000 units within 4 to 5 new condominium projects and two expansion phases, considering the growing demand for affordable high-rise residential projects. Company has already received bookings worth $89.16 million in reservation sales during December 2014.

Per unit average cost of these units is about $ 66,866.52 and the total sales value of these projects would range from $802.40 million to $936.41 million.

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