SM group named best residential developer in PH
MANILA, Philippines - Tycoon Henry Sy's SM Group was named the "Best Residential Developer in The Philippines" by international finance magazine Euromoney in its 9th annual global Euromoney Real Estate Survey.
Recognizing SM for the award, Euromoney Editor Clive Horwood noted "the winners of this year's Euromoney survey are those that exhibited the ability to innovate and make best use of the inherent strengths of their organization. Key players in real estate banking, development, investment management and advisory services have recognized SM Group as a market leader."
The award highlights the work of residential arm SM Development Corporation (SMDC), which has dominated the market for affordable residential condominiums.
Henry Sy, Jr., Vice Chairman of SM Investments Corp. and Vice Chairman and CEO of SMDC, said the award affirms the "long-term vision of SM in the property business."
"Innovation is one of our group's core values. It keeps our work exciting, trying new things while keeping our feet firmly on the ground. We mix it with a strong pioneering spirit, the innate desire to serve, and with stewardship which altogether creates value for our customers and all of our partners in business," he said.
The Euromoney Real Estate Survey is regarded as the benchmark awards for the global real estate industry. The awards canvassed the opinions of senior real estate bankers, developers, investment managers, corporate end-users and advisory firms in over 70 countries.