SMDC to launch low-cost condos projects in May, Great Innovation SM

Tuesday, April 27, 2010   SM Development Corp. (SMDC), the listed middle income property developer of tycoon Henry Sy, is joining the low-cost housing bandwagon as it bared a plan to offer condominium units priced P1.1 million and below.  It is a nice surprise to find SM is going into low cost condo development and the public and overseas contract workers will apprciate centrally located condos low priced near SM malls.  How many more 5 star condos does the country need? OFW and retirees want low priced condos not 5 star even if developers love the big margins on 5 star condos! More power to SM and to middle class development.   BUT WHY HAVEN'T THEY STARTED THE HOUSING DEVELOPMENT IN CEBU SEASIDE TOO? WE WANT IT NOW! THE REAL ESTATE IS BOOMING

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http://www.smdevelopment.com/smdc/index.php?p=800&type=2&sec=86&aid=6038

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