1. DRAFT PRESS RELEASE
SAN MIGUEL PROPERTIES, INC. – DOVER HILL
San Miguel Properties expands portfolio with new, high-end development
In the recent Emerging Trends in Real Estate Asia Pacific report by Urban Land Institute and
PricewaterhouseCoopers, Manila emerged as one of the top real estate investment markets in
Asia for 2014, ranking fourth out of 23 Asian cities in terms of city investment prospects.
One company taking advantage of this high investor confidence is San Miguel Properties, Inc.
(SMPI), the real estate development unit of San Miguel Corporation, one of Southeast Asia’s
most diversified conglomerates with interests in various industries such as food, beverage,
packaging, power, oil, infrastructure, properties, and banking.
The firm is now investing around USD 144 Million for its four townhouse development and a
high-end serviced apartment all located in the key cities of Metro Manila. Of the amount, USD
24 Million has been earmarked for Dover Hill, its first luxury townhouse project with a
Condominium Certificate Title (CCT).
Construction of the 93 units is now in full swing and is expected to be completed March 2016.
Dover Hill’s location provides accessibility and close proximity to major establishments in Metro
Manila, including shopping centers, top schools, and world-class hospitals. In addition, San Juan
City is only a 15 to 20-minute drive from financial and business capital, Ortigas Business Center,
one of the Philippines’ fastest growing business and commercial district.
Located on a one-hectare premium property in San Juan City in Metro Manila, the high-end
development is designed to be an exclusive enclave with units ranging from 202 to 355 square
meters. Each residential unit comes with a minimum of three basement parking slots.
Dover Hill will incorporate facilities centered on health and wellness. These include a 3,400 sq.m
open courtyard with jogging and biking paths, a lap pool, playground, and landscaped gardens.
Within the Dover Hill compound is Dover Club, a five storey amenity building that features full
equipped, state-of-the-art gym and spacious studios for different workout and training classes.
An entire floor will also be transformed to a function room for leisure and business purposes.
Initially established to manage San Miguel Corporation’s landholdings, SMPI has since
diversified into the development of middle-income housing projects and now, high-end
residential projects.