MANILA, Philippines - SM Development Corp.(SMDC), the residential development arm of the SM Group, has started the turnover of units at Tower 1 of Light Residences, a three-tower residential condominium in Mandaluyong City. Tower 1 has a total of 1,307 units. Light Residences is situated on a 1.9-hectare prime lot at the corner of EDSA and Madison St. ‘Light Residences offers the convenience of in-city living with its proximity to business districts, commercial centers, educational institutions, churches and hospitals as well as access to the MRT station. As what is seen in all our residential projects, SMDC remains committed to offering affordable luxury living to homebuyers and providing the convenience that our residents look for,’said Jeffrey C. Lim, SMDC president. Light Residences will soon feature a two-level mall which will house an array of shopping and commercial establishments as well as its own Savemore Market and cinemas. Shown in the photo during the blessing ceremony marking the commencement of the turnover of units to buyers of Tower 1 are (from left): Ana Carpio (SMDC AVP for sales), Glenna Galupo (SMDC AVP and project director), Jose Mari Banzon (SMDC executive vice president), Danilo Tamayo (DDTKonstrakt Inc. president), Froilan Hong (Arknet).