SMDC Unveils Field Residences and Sea Residences

SM Development Corporation (SMDC), the property arm of the SM Group, has further intensified its urban development by the unveiling of two of its latest condominium projects.

Henry Sy, Jr., Chief Executive Officer and Vice-Chairman of SMDC hosted an exclusive unveiling ceremony for its sixth and seventh condominium projects. Field Residences at SM City Sucat, Parañaque and Sea Residences within the Mall of Asia Complex (MOAC) were previewed to SM business partners and guests in August Rendezvous held at the SMX Convention Center last August 14, 2008.

Field Residences is a modern tropical designed residential condominium village in the emerging commercial district of Parañaque and just behind SM City Sucat. Occupying 78,000 square meters of land area, the ten buildings with eight- to 12-floor storeys of Field Residences are aimed to attract young professionals and middle-income families.

Sea Residences is a modern tropical residential condominium complex of six 15-storey towers on a 1.8 hectare lot along Diokno Boulevard at the Mall of Asia Complex, near the largest shopping mall in Asia. The balconied units provide unobstructed views of the famous Manila Bay and its magnificent sunset.

Expected turnover for Field Residences is by December 2009 and 2nd half of 2011 for Sea Residences.

During the unveiling, Mr. Rogelio Cabuñag, President of SM Development Corporation said:

“We are very pleased with our latest property development projects. Field and Sea Residences provide unique design features and offer outstanding investment for the family and our overseas professionals. They present opportunities to enjoy the good life and celebrate success.”

Mr. Henry Sy, Jr. reiterated SMDC’s vision, with the newly unveiled properties:

“I am personally proud of these latest development projects, because each commands a major presence in two of the most strategic locations of the metropolis. These two projects represent the growing and sustained commitment of SM Development Corporation to improve the quality of life of Filipino families by giving them access to affordable, luxurious and cosmopolitan homes. We hope that these projects, along with our existing and future endeavors, will help the Philippine economy gain competitive advantage against our neighbors by the jobs we generate, by infrastructures we build, and by the fast-pace growth we steer.”

Other SMDC executives who attended the Field Residences and Sea Residences unveiling were: Elizabeth Sy, Senior Vice-President for Marketing, Efren Tan, Vice-President for Sales; and Bernadette Ramos, Assistant Vice President for Marketing.

The Sea Residences Project Team was represented during the unveiling by Architect Adelaida Cobres, Assistant Vice President and Project Director; Sales Directors Gus Locsin and Ana Carpio.

The Field Residences Project Team was represented by Gilbert Ang, Assistant Vice President and Project Director and Sales Director Gigi Alcantara.