Leading real estate developer SM Development Corporation (SMDC) unveils another socialized housing project as part of its commitment to building a nation of homeowners.
The Uswag Low-Rise Residential Building, a P247M socialized housing project in partnership with the City Government of Iloilo, was formally unveiled in a Groundbreaking Ceremony held at the site of the development in Brgy. San Isidro, Jaro, Iloilo City on November 4. SMDC President Jose Mari Banzon was joined by Department of Human Settlements and Urban Development (DHSUD) Secretary Eduardo Del Rosario, Congresswoman Julienne Baronda and Iloilo City Mayor Jerry Trenas.
DHSUD Secretary Eduardo del Rosarion, SMDC President Jose Mari Banzon and Ilolilo City Mayor Jerry Trenas in ceremonial rites to formally unveil the project.
The project will have 120 residential units to be awarded by the LGU to target beneficiaries through a usufruct arrangement. It will consist of two twin 4-storey low-rise buildings built on a 2,741 sqm lot owned by the City government.
“It is our hope that through this continued collaboration between the government and SMDC, we can create more happy, healthy, safe and thriving communities for our countrymen,” Banzon said in his speech.
SMDC has been steadfastly working with DHSUD in building socialized housing projects nationwide, as part of its commitment to addressing the huge housing backlog in the country, and realizing its vision of making the Philippines a nation of homeowners. Last year, SMDC unveiled a socialized housing project in Samar.
Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by enabling them to publish their stories directly on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.
Join us on Viber to get more updates from BusinessWorld: https://bit.ly/3hv6bLA.
