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SM Development Corporation

SM Development Corporation’s (SMDC) transition into a full fledged real estate company is gaining momentum. Projects from Chateau Elysee, Mezza Residences and Grass Residencess are one of the fastest selling real estate condominium in 2006. And from our
 

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FOR SALE: Apartment / Condo / Townhouse Bicutan Manila Metropolitan Area > Manila
 
 
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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