SM Development Corporation is a fast-growing residential property developer focusing on the premium middle market, expertly balancing key housing factors of quality, style, durability, and affordability.
SM Development Corporation, through its subsidiary, SM Synergy Properties Holdings Corporation, engages in the real estate development, and investments in various securities. The company is developing a mid-rise residential condominium called Chateau Elysee in Dona Soledad Avenue Extension, Bicutan, Paranaque City; and a four tower 38-storey mixed use condominium development called Mezza Residences located along Araneta Ave. cor. Aurora Blvd., Quezon City. It also owns land properties in Tagaytay City and Paranaque City, the Philippines. SM Development was incorporated in 1974 as Ayala Fund, Inc. It changed its name to SM Fund, Inc. in 1986 and to SM Development Corporation in 1996. The company is based in Pasay City, the Philippines. SM Development Corporation is a subsidiary of SM Investments Corporation. As of November 16, 2007, SM Development Corp. is a subsidiary of SM Land Inc.