Malls, banks lift SMIC profit
SM Investments Corp. (SMIC), the holding firm of the Sy family, said its net income grew 25 percent to P77 billion in 2023 from the P61.7 billion recorded in 2022.
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SM Investments Corp. (SMIC), the holding firm of the Sy family, said its net income grew 25 percent to P77 billion in 2023 from the P61.7 billion recorded in 2022.
THERE continues to be a lot of property developers who are building new condominiums, subdivisions and even individual houses left and right. All of a sudden, it almost seems like buying new is the only option. But let’s not forget the debated, but still largely valuable and handy, choice of going the pre-owned-home route—to be specific, condos.
IN the past six years, the country’s property sector had a consistent stellar performance. The growth was attributed to the boom of the information technology-business process management (IT-BPM) industry and the remittances of the Filipino expatriates working in the different parts of the world.
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