SM Development Corporation (SMDC)
It was established in 1978 as a division of SM Investments Corporation, one of the largest conglomerates in the country.
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In the 1980s, SMDC developed the first SM shopping mall in the Philippines, which was located in North EDSA, Quezon City. It was the largest mall in Southeast Asia at the time.
In the 1990s, SMDC started developing residential condominiums in Metro Manila. The first project was Chateau Elysee in ParaƱaque City.
In the 2000s, SMDC expanded its portfolio to include hotels, office buildings, and resorts. It also ventured outside Metro Manila and developed properties in other parts of the country.