SM Development Corporation

Vision We envision SM Development Corporation to be a leading developer of world-class residences in the Philippines, uplifting Filipino lifestyles into one that is convenient, upscale yet affordable, and environment friendly.

SMDC Mission Statement
SM Development Corporation will realize its vision by:
Ensuring that its homebuyers enjoy the best value for their investment with an upscale lifestyle, generous amenities, and a safe, secure, and friendly neighborhood;
Providing an excellent after-sales and maintenance service that will preserve and enhance the long-term value of its residences;
Delivering sustainable long-term growth and increasing shareholder value by exercising prudence in resource management based on the principles of good corporate governance;
Becoming an employer of choice, offering comprehensive opportunities for career growth and enhancement; and,
Assisting and nurturing the communities in which it operates by progressively building on its role as a responsible corporate citizen;

SMDC Core Values
Vision. Leadership. Focus. Hard Work. Integrity. Innovation. Prudence. Nurturing. Aggressive. Financially Conservative.

SM Development Corporation is the real estate arm of the SM Group of Companies. As of December 6, 2010, its total market capitalization is P63.4 billion and its share price is P8.66.
Business development SM Development Corporation was incorporated in 1974 as Ayala Fund, Incorporated, a closed-end investment company. It was listed on the Philippine Stock Exchange in March 1975. In 1986, the SM Group of Companies became the majority shareowner and renamed it to SM Fund, Incorporated, an investment company that provides investors with professional-managed vehicle to invest in diversified businesses. In 1996, SM Fund was renamed SM Development Corporation and its primary business was to pursue real estate investment opportunities. However, its business of securities investment was retained to provide regular flow of earnings from the interest and dividends.
In 1997, SM Development Corporation established the SM Synergy Properties Holdings Corporation to develop the 4.7 hectare mid-rise residential condominium, Chateau Elysee in Bicutan, Paranaque. Its second project was the development of the Mezza Residences, located just across SM City, Sta. Mesa.
In 2007, SMDC began developing the residential subdivision, Lindenwood Residences in Muntinlupa City. The same year, the Berkeley Residences, a 35-story residential condominium along Katipunan Avenue; and the Grass Residences, a three-tower condominium located near the SM City North EDSA, were also launched. The Grass Residences is the biggest project to date by SMDC. Upon completion, it will boast of 5,390 units but still with ample space for its residents to enjoy the amenities.
In 2008, SMDC launched Sea Residences and Field Residences. Sea Residences is a mid-rise residential condominium located near the Mall of Asia Complex. For this particular project, SMDC incorporated SM Residences Corporation in August 2008 and acquired the 1.85 hectare of land. Field Residences is also a mid-rise condominium located in Sucat, Paranaque. In 2009, SMDC launched the Princeton Residences along Gilmore Avenue, Quezon City, and the “Big Four” namely: Jazz Residences at Jupiter Street, Makati, Sun Residences at Welcome Rotonda, Quezon City, Wind Residences at Tagaytay, Cavite and Light Residences at Pioneer, EDSA.
Financial highlights
Revenues for the third quarter of 2010 grew to P6.6 billion from P3.7 billion a year ago. Net income after three quarters amounted to P2.048 billion from P1.3 billion.
Board of directors
Henry Sy, Sr. – Chairman of the Board
Henry Sy, Jr. –Vice Chairman of the Board
Rogelio Cabuna –Director
Andrews Gatmaitan—Director
Elizabeth Sy –Director
Octavio Espiritu – Independent Director
Ricardo Romulo – Independent Director

COMPANY PROFILE SM DEVELOPMENT CORPORATION SMDC is a fast-growing residential property developer focusing on the premium middle market, expertly balancing key housing factors of quality, style, durability, and affordability.