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We are on track to boost capital expenditures in 2006
from Php 250 million to about Php 800 million to fund
three major undertakings: the succeeding clusters of Chateau Elysee, the Mezza’s first two towers, and a residential subdivision project south of Metro Manila.
With the SM Group’s landbank of 838.6 hectares
nationwide, SMDC is in a position to move more
assertively into the real property sector. This translates
to continuous property development on the part of SMDC
over the medium- to long term.
True to its role within the SM Group, SMDC is aligning
its resources and strategies to build even more
residential developments near the SM Supermalls,
and pursue the creative vision to give rise to inspired, innovative quality communities for the Filipino.
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