By Richmond Mercurio (The Philippine
Star) | Updated September 1, 2014 - 12:00am
MANILA, Philippines - SM Development
Corp. (SMDC), the residential development arm of property conglomerate SM Prime
Holdings Inc. has recently completed the turnover of more units in its two
condominium developments in Makati and Mandaluyong.
In a statement, SMDC said it has
managed to turn over more than 2,500 units in Jazz Residences in Makati and
Light Residences in Mandaluyong in less than two months.
SMDC in end-June started turning over
to customers 1,077 units at Tower C in Jazz Residences and 1,460 units at Tower
3 of Light Residences.
“We are pleased to welcome the new
residents of Jazz Residences, and Light Residences. We remain committed to
bring conveniences and synergies from our retail, banking and property
businesses at their doorstep,” SMDC president Jeffrey Lim said.
Jazz Residences is a four-tower “vertical
village” in Bel-Air Makati that features five-star amenities. The development
has its own mall called the Jazz Mall which is complete with commercial and
food establishments as well as a SM Hypermarket.
Light Residences, meanwhile, is a
three-tower residential condominium located at the corner of EDSA and Madison
St. and is linked to the Boni-EDSA MRT station.
The Light Mall, located at the first
and second floors of the podium, will offer dining and entertainment areas once
it opens in the fourth quarter of the year.
The mall will have three cinemas, a
wide array of restaurants and a Savemore outlet, SMDC said.
Jazz Residences and Light Residences
are part of the 22 condominium brands of SMDC located in different parts of
Quezon City, Pasay, Parañaque, Pasig, Manila, Taguig and Tagaytay.
SMDC earlier said it is launching
seven new projects totaling 15,000 residential units this year while expanding
its portfolio to upscale housing.
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