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SM Development Corp. (SMDC), the residential property unit of the SM Group of taipan Henry Sy, is raising its authorized capital to P12.4 billion from P8 billion to cover its 15.1-percent stock dividend declaration.
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 Tycoon Henry Sy’s real estate development arm, SM Development Corp. (SMDC), is planning to raise between P5 billion to P10 billion from an international equity offering through a private placement.
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BERKELEY RESIDENCES

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SM Development Corp. (SMDC) reported a 45- percent jump in net income in the first quarter this year to P916.3 million on the back of robust sales, and said it expects to sustain this positive trajectory for the rest of the year with the launch of five new projects.
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                    [Title] => SMDC to hike capital to P12.4B to cover 15.1% stock dividend
                    [Summary] => 
SM Development Corp. (SMDC), the residential property unit of the SM Group of taipan Henry Sy, is raising its authorized capital to P12.4 billion from P8 billion to cover its 15.1-percent stock dividend declaration.
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 Tycoon Henry Sy’s real estate development arm, SM Development Corp. (SMDC), is planning to raise between P5 billion to P10 billion from an international equity offering through a private placement.
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abtest

SMDC to create RFO marketing unit

By Neil Jerome C. Morales | March 3, 2014 - 12:00am

The condominium builder of mall and banking conglomerate SM Investments Corp. is creating a marketing arm for its ready-for-occupancy (RFO) residential units.

Business

From Berkeley Residences to Blue Residences

September 8, 2012 - 12:00am

Comfortable amenities, convenient location, and an environment conducive for learning —are just some of the reasons that convince discerning homebuyers to make the move to an SM Development Corporation (SMDC)...

Modern Living

SMDC profit up 51% to P3.1 billion

By Zinnia B. Dela Peña | November 10, 2011 - 12:00am

SM Development Corp. (SMDC), the residential development unit of the family of retail tycoon Henry Sy, said its net income jumped 51 percent in the first nine months this year to P3.1 billion on the back of robust...

Business

SM continues to top Metro condo market

October 2, 2011 - 12:00am

SM Development Corp. (SMDC) again garnered the top spot in Metro Manila’s competitive residential condominium market.

Business

SMDC leads in resd'l bldgs in Metro

By Zinnia B. Dela Peña | October 1, 2011 - 12:00am

SM Development Corp. (SMDC) , the residential development arm of retail tycoon Henry Sy’s SM Investments Corp., remained the top seller of residential buildings in Metro Manila in the first half of the ye...

Business

SMDC raises capital to P12.4B

By Zinnia B. Dela Peña | June 5, 2011 - 12:00am

SM Development Corp. (SMDC), the residential development arm of the Henry Sy-owned SM Investments Corp., has obtained the Securities and Exchange Commission’s approval of its increase in capitalization from...

Business

SMDC income jumps 45% to P916M in first quarter

By Zinnia B. Dela Peña | April 27, 2011 - 12:00am

SM Development Corp. (SMDC) reported a 45- percent jump in net income in the first quarter this year to P916.3 million on the back of robust sales, and said it expects to sustain this positive trajectory for the...

Business

SMDC tops residential condo sales in Metro for 2nd year

By Zinnia B. Dela Peña | April 13, 2011 - 12:00am

SM Development Corp. (SMDC), the residential development arm of the Sy family’s SM Investments Corp., sold the most number of residential condominium units in Metro Manila last year, according to a recent study...

Business

SMDC to hike capital to P12.4B to cover 15.1% stock dividend

By Zinnia B. Dela Peña | March 2, 2011 - 12:00am

SM Development Corp. (SMDC), the residential property unit of the SM Group of taipan Henry Sy, is raising its authorized capital to P12.4 billion from P8 billion to cover its 15.1-percent stock dividend declara...

Business

SMDC mulls P5 to P10 billion from global share offer via private placement

By Zinnia B. Dela Peña | January 31, 2011 - 12:00am

 Tycoon Henry Sy’s real estate development arm, SM Development Corp. (SMDC), is planning to raise between P5 billion to P10 billion from an international equity offering through a private placement.

Business