SMDC hands over socialized homes

Quick Summary:

SM Development Corp.(SMDC), the residential arm of the Sy family-led SM Prime Holdings Inc.(PSE: SMPH), recently made a bold move in boosting affordable housing through strategic partnerships with local governments.

In addition to Kauswagan Residences, SMDC has utilized its P1.108-billion commitment to support other housing projects nationwide.

Treñas commended the partnership, noting that the project offers a replicable model for future collaborations between the government and the private sector.“The City Government of Iloilo is grateful for the strong partnership with SDMC.

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Article Details

Author / Journalist: Rizal Raoul S. Reyes

Category: BusinessStartups

Markets: Philippines

Topics: Kauswagan Government Housing Project Units Smdc Development Socialized Iloilo City Residences

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-27 @ 16:02:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 628 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23267638

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