Property firms unite to bring Filipinos closer to their dreams

P.A. Properties Vice Chairman of the Board Jonathan G. Lu, Chairman of the Board Romarico T. Alvarez, SM Prime Executive Director and President Jeffrey C. Lim, and SMDC President.

In a groundbreaking initiative set to transform affordable housing in the Philippines, SM Development Corporation (SMDC) and P.A. Alvarez Properties and Development Corporation (P.A. Properties) have united. This strategic alliance aims to empower more Filipinos to fulfill their aspirations for a better life through accessible homeownership.

Renowned for their expertise in creating centrally located condominiums, SMDC’s collaboration with P.A. Properties marks an exciting development: the establishment of the transformative “Gateway Oasis” in Bicutan, Taguig City. Positioned near key infrastructure projects like the Metro Manila Subway Project (MMSP) and the North-South Commuter Railway (NSCR) System, this initiative is the epitome of convenience and connectivity, providing residents with access to essential transport hubs.

Since its inception in 1994, P.A. Properties has become a leading developer of low to medium-cost housing communities in Southern Luzon, having constructed over 25,000 homes across key Philippine provinces. With a commitment to building an additional 20 communities in the next five years, P.A. Properties lives by the motto “Behind Every Home is a Story,” addressing the national housing backlog and actively driving economic growth.

United by a shared vision to make homeownership attainable for more Filipinos, this partnership is dedicated to tackling the country’s urgent housing needs. By leveraging their combined resources and expertise, both companies are well-positioned to significantly boost economic growth and provide sustainable solutions to the housing shortage.

Commenting on the importance of this partnership, Romarico T. Alvarez, Chairman of P.A. Properties, stated, “Reflecting on our modest beginnings, the alliance with SMDC is a critical turning point in our journey. Together, we stand ready to profoundly impact the lives of numerous Filipinos, offering not just housing but also the promise of a more hopeful future.”

As SMDC and P.A. Properties embark on this transformative path, their collaboration shines as a symbol of hope, poised to redefine the concept of affordable housing in the Philippines. With their steadfast dedication and mutual pledge to advancement, they are set to bring more Filipinos closer to the homes of their dreams, heralding a new age of inclusivity and opportunity.