Shang Properties, Inc. (SPI), a leading developer and 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, Philippines, Singapore, Thailand, and Vietnam. Following rigorous criteria, the award puts weight and emphasis on 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. “Every project that we unveiled in the past year is also proof of our optimism about the market. We are looking forward to the momentum that comes with urban renewal and an improving macroeconomic and interest environment.”
The BCI recognition comes after 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 that is made for a market of creative tastemakers, professionals, and young families.
SPI entered the residential market in 2002, working with internationally acclaimed architects, designers, and artisans to make spaces that 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 is poised to boost the developer’s lived-in portfolio and its residential segment’s 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 open in the Philippines.
For more information, visit https://www.shangproperties.com/.
About Shang Properties, Inc. (SPI)
Shang Properties, Inc. (SPI) has been a key player in Philippine property investment and development since 1987 and has been listed on the Philippine Stock Exchange (PSE) since 1991. SPI specializes in office and retail leasing as well as residential development, with a vision to be the leading developer and manager of prime properties in the Philippines.
SPI owns the prestigious Shangri-La Plaza Mall and holds a 70% stake in KSA Realty Corporation, which owns The Enterprise Center. Since entering the residential market in 2002, SPI has expanded its portfolio with high-rise condominiums in prime locations. The company’s newest projects include Laya by Shang Properties, a vibrant community in Ortigas for the creative and connected; Shang Summit, a serene retreat close to Quezon City’s vibrant action; and Shang Bauhinia, SPI’s first residential development in Cebu City.
