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SMDC turns over first vertical socialized housing in Iloilo City
by The Manila Times
Oct 26, 2024 3:27 pm

SM Development Corp. (SMDC), the residential arm of SM Prime Holdings Inc. (SMPHI), one of Southeast Asia's largest integrated property developers, takes a bold step in tackling the nation's housing backlog through strategic partnerships with local governments.

In a symbolic turnover ceremony on Thursday, Oct. 24, 2024, SMDC handed over the keys to KaUswagan Residences – the first vertical socialized housing project in Iloilo City – further advancing the government's efforts to reduce the 6.5 million housing backlog.

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