SMDC sees South Residences fully sold by next yr

SM Development Corp. ( SMDC), the property unit of magnate Henry Sy, expects SM

The condominium project is already 60

so perhaps next year, hopefully, we’ll be sold out by then and the thing about SMDC projects, when they see that the project is ready for occupancy ( RFO) or nearing RFO, that is when our sales spike,” SMDC Assistant Vice President for Project Development Therese Sonsing- Fernando told a news briefing.

“Kasi people are really visual so pag nakitanilananakatayonayung building, magandayung building, dunsilabumilbili . Actually yunangnangyayaringayon, tumataasangbentanamindahil [ Because people are really visual so when they see that the building has been put up, the building is nice, that is when they buy. Actually that is what’s happening now, our sales are increasing because] we’re nearing turnover,” she added.

Two years since its launch, prices per - ter ( sqm) and has already appreciated to P110,000 per sqm to date, she said.

- mall Complex in Las Pinas City with four

- lion [ reservation sales already],” SonsingFernando said.

The project offers one- bedroom units

Amenities will include a swimming pool, kiddie pool, garden areas, gazebos, and function rooms. Hotel- like services will also be available, including reception desk assistance and doormen.

“Strategically located along Alabang-Zapote Road, South Residences showcases easy access to the metro’s major thoroughfares like the South Luzon Expressway and the ManilaCavite Expressway,” the company said.

“And with the earmarked extension of the LRT- 1 line, the area will soon be more accessible, providing more transport options for its residents.”

SMDC is targeting to turn over the first turnover of the third and fourth towers is