[ sunstar.com.ph ] November 20, 2008
SM DEVELOPMENT Corporation (SMDC), the property arm of the SM group of companies, is targeting the middle-class market for its new residential condominium project in Parañaque.
Roger Cabuñag, SMDC president, said the new project - the Field Residences, which will break ground on 22 November 2008 - aims to capture the middle-class families.
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"We are pleased to formally break ground for Field Residences, a project that is in consonance with SMDC's tradition of offering quality housing at affordable prices," Cabunag said.
With an area of 78,000 square meters (sqm) or roughly eight hectares of land, Field Residences is right behind the SM City Sucat shopping mall in Parañaque, and just 10 and three kilometers away from Makati City and the Ninoy Aquino International Airport, respectively.
"Field Residences also promises an attractive urban lifestyle which offers a lot of open spaces, first-class amenities, and sports facilities to be enjoyed by the whole family," added Cabunag.
Ten buildings are envisioned to rise in clusters over the medium term. Each building will have an estimated 300 units and will be made of eight to 12 floors. One and two bedroom units will be offered at a price range of P1.2 million to P 3.5 million.
Among the amenities of the Field Residences' are a clubhouse, three 25-meter lap swimming pools, three wading pool, poolside area for events and functions, three children's swimming pool with play area, children's playground, basketball, volleyball and badminton courts, a jogging trail, and a picnic area.
Apart from the Field Residences, SMDC's other ongoing projects are Chateau Elysee in Parañaque City, Mezza Residences across SM City Sta. Mesa, Berkeley Residences along Katipunan Road in Quezon City, Grass Residences beside SM City North EDSA, and Lindenwood Residences in Muntinlupa City.
Last August, SMDC also broke ground for the Sea Residences near the Mall of Asia Complex in Pasay City.
Cabunag said that next to be launched are the Princeton Residences beside the Gilmore station of LRT Line 2 along Aurora Boulevard in Quezon City and the Tree Residences in Cainta, Rizal. (MSN/Sunnex)
