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San Miguel Properties unveils P7.7-b projects

Posted May 10th, 2012 by Jenniffer B. Austria
[ manilastandardtoday.com ].

San Miguel Properties Inc., the property unit of conglomerate San Miguel Corp., is launching new real estate projects in Metro Manila worth P7.7 billion.

San Miguel Properties architect Jose Asuncion Jr. said in an interview following  annual stockholders’ meeting that the company planned to develop two high-rise residential projects in Makati and San Juan and townhouse complexes in Mandaluyong and Pasig.

The Makati project is a three-tower development that offers a total of 1,300 units. The P4-billion project will target the middle-income market, with units selling between P3 billion and P3.5 million.

Construction will start next year and will be completed over five years.

Asuncion said the San Juan vertical project was a multi-level development that would offer 300 oversized units intended for the middle to high-end market.
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