SM Prime Holdings, Inc.’s leisure residential arm is on track to turn over Balea Suites, the second residential tower in its P3-billion Pico Terraces development in Batangas, by the fourth quarter of 2027, the company announced in a statement cited by BusinessWorld.
Market reception for Balea Suites has been strong, with most units already taken up. The project features a seaside setting and exclusivity, appealing to buyers looking for leisure-oriented residential units within the Pico Terraces master-planned community.
Pico Terraces is a sprawling development in Batangas that includes residential towers, hotel accommodations, and recreational amenities. The first tower, Pico Suites, was previously launched and has been turned over to buyers. Balea Suites is expected to further boost SM Prime’s leisure residential portfolio.