With the commitment to deliver the project by 2028, SM Prime has so far completed about 17 percent of SM Smart City's coastal development.
"We are working on the SM Smart City. This is a 360-hectare development that we are undertaking with the Pasay City local government unit," SM Prime chief finance officer John Nai Peng Ong said.
"The coastal development is ongoing as we speak now and we have since completed around 60 hectares more or less out of these 360 hectares up to the latter part of year 2023," he said.
In 2019, SM Prime officially received from the city of Pasay the notice to proceed for the reclamation project.
As the city's joint venture partner, SM Prime will develop the actual raw land reclamation and horizontal development works.
Bu hikaye The Philippine Star dergisinin May 16, 2024 sayısından alınmıştır.
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Bu hikaye The Philippine Star dergisinin May 16, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
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