SM Prime Holdings plans on spending Php 5.5 billion for the launching of several mixed-use projects outside Metro Manila. These developments are said to be anchored on low-cost residential projects. The price ceiling for the projects fall under the Housing and Urban Development Coordinating Council’s low-cost housing definition.
Said definition is set between Php 450,000 to Php 1.7 million. Projects were supposed to be rolled out in Pampanga and Cavite last year, but the launch was pushed back due to the consolidated properties for such developments. Presently, SM Prime has 27 residential projects in the market, with 25 of those in Metro Manila and the other two in Tagaytay.
