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SM Development Corporation

SM Development CorporationSM Development Corporation (SMDC) was originally incorporated in 1974 as Ayala Fund, Inc., a closed-end investment company. In March 1986, it was renamed SM Fund, Inc. after the SM Group of Companies took majority ownership of the company. Since then, SM Fund, Inc. remained as an investment company providing investors with a professionally managed vehicle to invest in diversified businesses in the country.

In May 1996, SM Fund, Inc. was renamed SM Development Corporation to reflect its new business thrust of property development, whose primary objective is to pursue opportunities in the real estate industry. In line with this, its business proposition was initially directed toward tapping the residential property market near/beside SM shopping malls. The business of securities investment was also retained to provide a regular flow of earnings in the form of interest and dividend income.

SMDC’s projects include Lindenwood Resources, Berkeley Residences, Grass Residences, Sea Residences, and Field Residences. The company has also accumulated significant land bank within the areas near Metro Manila that could be utilized into residential developments to serve the growing demand for affordable housing. SMDC’s subsidiary, SM Synergy Properties Holdings Corporation, handles the development of Chateau Elysee, a mid-rise residential condominium in Paranaque City, and the Mezza Residences in Quezon City.

Other Information

  • Incorporation Date : 12 July 1974
  • Corporate Life : 50 years
  • Number of Directors : 7
  • Employees : 71
  • Current Projects : Chateau Elysee, Mezza Residences
  • Future Projects : Lindenwoods Residences, Grass Residences, Berkeley Residences

Key People

  • Henry Sy Sr., Chairman of the Board
  • Rogelio R. Cabunag, President, Chief Operating Officer, Director
  • Henry T. Sy Jr., Vice Chairman of the Board, Chief Executive Officer
  • Dante Jesus T. Pascual Jr., Vice President – Finance and Administration
  • Efren L. Tan, Vice President – Sales
  • Jose T. Gabionza, Vice President – Business Planning and Special Project
  • Joseph Ramil B. Lombos, Vice President, Project Director – Mezza Residences
  • Virginia A. Yap, Treasurer
  • Emmanuel C. Paras, Corporate Secretary
  • Epitacio B. Borcelis Jr., Assistant Corporate Secretary

Other Interest

Contact Information

  • Room 327 Makati Stock Exchange 6767 Ayala Avenue
    Makati City,
    -632-8311000 (Phone)
  • One E-Com Center
    10/F Harbor Drive, MOA Complex
    CBP 1-A, Pasay City
    Tel. No/s:     831-1000 loc. 1371
    Fax No/s:     833-6244


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