SM Development Corporation (SMDC), the residential arm of SM Prime Holdings, Inc., recorded a 23% increase in revenue in the first quarter of 2020 to PhP11.4 billion from PhP9.3 billion in the same period last year. Reservation sales in the first quarter amounted to PhP24.8 billion.

Read more: https://business.inquirer.net/299177/smdc-posts-23-revenue-growth-in-q1