Friday 18 January
Apr 11, 2016 @ 8:44

SM Prime betting big on low-cost housing

 

SM PRIME Holdings, Inc. expects its low-cost housing business to eventually account for half of the residential business, as the property conglomerate of tycoon Henry Sy, Sr. plans to start selling units at its maiden real estate venture in China next year.

Jose Mari H. Banzon, SM Prime business unit head for primary residential, told reporters last week the integrated property developer plans to start offering this year medium-rise buildings (MRB) and house-and-lot packages with prices ranging from P800,000 to as much as P2.5 million.

?Ultimately, the target is to be half-half: half from high rise [projects] and half from MRBs and house-and-lots, in terms of launches and contribution to revenue,? Mr. Banzon said.

Please follow and like us:

Tags: , , ,

Related Stories
Integrated property developer SM Prime Holdings Inc. announced that Swedish furniture maker IKEA would open
SM Prime Holdings Inc. is set to open this Friday its newest mall, SM Center
SM Prime Holdings Inc.?s decision not to sign up offshore gaming operator tenants in its
Bilyonaryo Henry Sy?s SM Investments Corp. (SMIC) has made it to Forbes' list of the


Read full Article here »

Trending News

Recommended on sister sites

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.