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SM RESIDENCES SMDC

SMDC Shore Residences at SM Mall of Asia near Airport and Solaire

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SMDC Shore Residences at SM Mall of Asia near Airport and Solaire
GRACE RESIDENCES- Taguig City
SEA RESIDENCES, beside SM MALL OF ASIA
SMDC Breeze Residences near SM Mall of Asia,PASAY near NAIA and SOLAIRE
GREEN RESIDENCES BESIDE LA SALLE TAFT
SMDC SHELL RESIDENCES at SM Mall of Asia near Solaire and NAIA
Grass Residences - at the back of SM City North EDSA near Trinoma and MRT Norh Station
Berkeley Residences - Across MIRIAM COLLEGE and near ATENEO and UP, Quezon City
Mezza Residences - across SM City Sta Mesa near UERM, CCP and LRT2 V Mapa Station
MEZZA RESIDENCES 2 Along Aurora Blvd. beside UERM
Chateau Elysee near NAIA, Paranaque City
Lindenwood Residences at Susana Heights, Muntinlupa
Field Residences at the back of SM Sucat, Paranaque City
Princeton Residences at Gilmore LRT Station,few steps from ST.Paul College, Q.C.
Jazz Residences - JUPITER ST. MAKATI CITY
Sun Residences , Rotonda, QC across UDMC near UST
Light Residences at BONI MRT STATION , EDSA
Wind Residences - located in TAGAYTAY
Blue Residences , Aurora Blvd. corner Katipunan, QC besie ATENEO near Miriam College and U.P.
MyPlace South Triangle - near ABS CBN
MYPlace ORTIGAS
Posted by Manila standard.com

SMDC allocates P71b for capital expenditures until 2015

By Jenniffer B. Austria | Posted on Apr. 25, 2013 at 12:01am | 619 views

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SM Development Corp., the property unit of conglomerate SM Investments Corp., allotted P71 billion for capital expenditures in 2013 and the next two years to drive the company’s expansion, its new president said Wednesday.

Newly appointed SMDC president Jeffrey Lim said in a news briefing following the annual stockholders’ meeting the company would spend P20 billion this year, P26 billion in 2014 and P25 billion in 2015.

Lim, who replaced Rosaline Qua as the president of the country’s largest property developer, will retain his position as chief finance officer.

Lim said of the P20 billion capital spending for 2013, about P13 billion would be for project development and P7 billion for landbanking.

He said the company might conduct fund-raising activities in the second half to finance this year’s capital expenditure program.

“My main focus right now is to improve the company’s gross margin and bottom line,” Lim said.

SMDC posted a net income of P1.4 billion in the first quarter, up 12 percent from the same period last year.

First-quarter revenues from real estate increased 4 percent to P5.9 billion while reservation sales slightly fell to P7 billion.

Meanwhile, SMDC vice chairman and chief executive Henry Sy Jr. said the company had a landbank of 174 hectares, of which 69 hectares were located in prime areas in Metro Manila.

Sy said the current landbank could be developed over the next five years.

SMDC plans to launch three to four projects and expand three existing developments this year.  These new projects will bring 13,000 units to the market compared to 7,000 condominium units launched in 2012.

The new projects this year are Trees Residences and Grass Residences phase 2 in Quezon City, Shore Residences at the Mall of Asia complex and Rich Residences in Mandaluyong City.

SMDC will also put up expansion towers at Wind Residences, Field Residences and Grace Residences.  SMDC currently has 15 ongoing residential condominium projects all over Metro Manila, with the exception of Wind Residences in Tagaytay.

Link : http://manilastandardtoday.com/2013/04/25/smdc-allocates-p71b-for-capital-expenditures-until-2015/

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