Mr Henry Sy Owner and Developer of Green Residences
SM Development Corporation (or SMDC) is the residential development company of retail and property tycoon Henry Sy of the SM Group of Companies that is better known for its chain of malls nationwide.
SMDC started slow when it developed its first condominium project in 2003, the Chateau Elysee in Bicutan, Paranaque City. The project is composed of 24 residential buildings that are six to seven storeys tall. This was followed in 2006 by Mezza Residences, a 38-storey four-tower condominium at the corner of Aurora Boulevard and Araneta Avenue adjacent to SM Sta. Mesa.
The company started its aggressive drive in 2007 when it developed Lindenwood Residences in Susana Heights, Muntinlupa City. It is SMDC’s first and only subdivision project with 390 individually saleable lots on a 23-hectare property.
SMDC targets what it calls the “premium middle class market.” It carries two brands – SM Residences that caters to young upstart families and M Place that caters to young upwardly mobile career-oriented individuals.
Within a short period of time, SMDC has developed 16 residential projects, 15 of which are in Metro Manila and one in Tagaytay City. Six projects are completed and ready for occupancy, the rest are either under construction or nearing completion.