SMDC completes turnover of units in Mandaluyong, Makati projects

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.