MANILA, Philippines — The Sy family’s SM Prime Holdings Inc. has officially received from the city of Pasay a notice to proceed (NTP) with its 360-hectare reclamation project within the city. SM Prime, one of the largest integrated property developers in the country, is the proponent of the project. SM Prime, as the joint venture partner of the government of Pasay will undertake to develop the actual raw land reclamation and horizontal development works. “We have complied with all the requirements of national agencies and secured all the required permits and clearances to enable SM Prime to commence with the reclamation project. We expect thousands of job opportunities to be generated in the process, and to also contribute significantly to both local and national development,” he said.

Source: Philippine Star December 06, 2019 15:56 UTC