iRealtee OS Glossary

SM Development Corporation

SMDC operates as the residential business component of SM Prime Holdings (PSE: SMPH), one of the largest publicly listed property companies on the Philippine St...

SM Development Corporation

SM Development Corporation (SMDC) is a wholly owned subsidiary of SM Prime Holdings, Inc. responsible for residential real estate development in the Philippines. SMDC has delivered more than 100,000 homes across Metro Manila and key urban centers nationwide, positioning itself as one of the country's largest integrated property developers.

Core Mandate

SMDC operates as the residential business component of SM Prime Holdings (PSE: SMPH), one of the largest publicly listed property companies on the Philippine Stock Exchange. The company focuses on developing vertical and horizontal communities that are:

  • Strategically located near SM Supermalls and transport hubs
  • Accessible to daily essentials and business districts
  • Designed for investment-worthy homeownership

Key Services

SMDC offers residential developments across multiple segments:

  • SMDC Heights — High-rise condominiums in key Central Business Districts (CBDs) including Makati, BGC, Ortigas, and the Mall of Asia Complex
  • SMDC Nature — Mid-rise communities focused on wellness and balanced living
  • SMDC Symphony Homes — Horizontal housing developments for families needing room to grow

The developer provides properties in Metro Manila (Makati, Taguig, Quezon City, Manila, Pasay, Parañaque, Las Piñas) and provincial locations including Cavite, Bulacan, Pampanga, Iloilo, and Bacolod.

Broker Commission Structure

SMDC offers competitive commission rates for accredited real estate brokers and agents:

  • Base commission: 3-5% per unit sold
  • Standard rate: 3-4% with volume-based incentives
  • Quarterly bonuses: Performance-based additional earnings
  • International Marketing Partner (IMP) program: 4% referral fee for overseas Filipinos

You can track your SMDC sales and commissions using a CRM sales pipeline to monitor transactions from reservation to turnover.

Jurisdiction

SMDC properties are located throughout the Philippines:

  • Metro Manila: Makati, BGC (Taguig), Ortigas, Quezon City, Pasay, Parañaque, Las Piñas, Manila
  • Luzon provinces: Cavite, Bulacan, Pampanga
  • Visayas: Iloilo, Bacolod

Industry Recognition

SMDC received multiple awards at the 8th PropertyGuru Philippines Property Awards (2020):

  • Best Developer of the Year
  • Best Lifestyle Developer
  • Best Condo Development (Luzon) — Park Residences
  • Best Mid-End Condo Development (Metro Manila) — Charm Residences
  • Best Condo Architectural Design — Sail Residences
  • Best Landscape Architectural Design — Sail Residences

Official Resources

References

Looking for another term? Browse the full glossary.

Back to Glossary