Shang Properties, Inc. (SPI), manager of prime properties in the Philippines, was recently cited as one of BCI Asia's Top Developers for 2024.
Since 2005, BCI has spotlighted the top developers, contractors, and architectural firms across Asian territories, including Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. Following rigorous criteria, the award emphasizes a developer's aggregate value of projects under construction, dedication to sustainability, and contributions to the region's built environment.
"BCI's recognition of the work we do in the Philippines is a testament to years of thoughtfully building our portfolio," said Atty. Karlo Marco P. Estavillo, SPI’s chief operating officer.
Each project unveiled by SPI in the past year serves as a tangible demonstration of the company's optimism about the market. SPI is eagerly anticipating the momentum that comes with urban renewal and an improving macroeconomic and interest environment, and is committed to contributing to these positive changes.
The BCI recognition follows SPI's successful launch of Shang Summit, an 80-storey residential tower in Quezon City, Metro Manila, Shang Bauhinia Residences, its first venture into Cebu, and LAYA, a 67-storey tower in Pasig. These projects cater to a diverse market of creative tastemakers, professionals, and young families, showcasing SPI's ability to meet the needs of different market segments.
SPI entered the residential market in 2002, working with internationally acclaimed architects, designers, and artisans to make spaces embody luxury, attention to detail, and creative refinement. Since then, it has launched and managed successful projects in prime locations across Metro Manila.
Meanwhile, SPI's other ongoing project, Shang Residences at Wack Wack in Mandaluyong, is nearing completion and poised to boost the developer's lived-in portfolio and residential segment income.
"We are happy to see SPI's strategy validated by peers from BCI and by the market. We promise to continue doing the difficult but rewarding work of creating living spaces with timeless elegance," added Maria Rochelle S. Diaz, SPI's executive vice president - Commercial.
Among SPI's longstanding projects are The Enterprise Center, The Shang Grand Tower, Shang Salcedo Place, The Rise in Makati, Assembly Grounds in The Rise, Shangri-La Plaza, The St. Francis Shangri-La Place, One Shangri-La Place in Ortigas Center, and Horizon Homes in Bonifacio Global City. SPI currently holds a stake in Shangri-La at the Fort, one of the newest 5-star international hotels in the Philippines.
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