SM Development Corp. (SMDC) assured residents that its condominium in Makati City is safe for occupancy despite a collapse of a part of the building on Thursday.
In a statement, the property developer said it had conducted an investigation and found that the incident “does not affect the structural integrity of the development and that the buildings are safe for occupancy.”
It noted, however, that the cause of the incident was still to be determined.
On Thursday morning, a wall of a parking level at SMDC’s Jazz Mall property in Makati City “sustained damages that caused its outer slab to collapse to the driveway.” This resulted in two people getting “minor abrasions.”
SMDC said it would commit to necessary measures to address the situation and avoid it in the future.
SMDC is the residential arm of listed SM Prime Holdings, Inc. Shares in SM Prime at the stock exchange climbed five centavos or 0.16% to P31 each on Thursday. — Denise A. Valdez
