HENRY SY-LED SM Prime Holdings, Inc. is spending P5.5 billion to launch mixed-use developments outside Metro Manila anchored on low-cost residential projects.
Jose Mari H. Banzon, SM Prime business unit head for primary residential, said in a mobile phone message the total capital expenditures for the projects in Bulacan, Cavite and Pampanga may reach P5.5 billion, P1.4 billion of which will be disbursed this year.
?The projects comprise medium-rise buildings, and house and lot packages mostly located next to SM malls,? Mr. Banzon said.
