SM Leisure Resort and Residences Eyes Continued Growth as P2-B Pico Terraces Tops Off

SM Leisure Resort and Residences (SM LRR), a unit of SM Prime Holdings, Inc, has topped off Pico Terraces, a P2-billion premium residential condominium located within Pico de Loro Cove in Hamilo Coast, Batangas. The topping-off ceremony, held on April 3, marks a key step in SM Prime’s sustained expansion in the high-end real estate segment.

Present at the topping-off ceremony were Shirley C. Ong, Executive Vice President and Business Unit Head of SM LRR; Imee Francisco, Senior Vice President and Head of Costa del Hamilo, Inc.; Kaye Frio, Senior Assistant Vice President for Project Development at Costa del Hamilo, Inc.; Harvey T. Sy, Head-Technical and Project Planning and Design; and Carl Espiritu, Project Development Manager of Pico Terraces.

“The resilient demand for upscale leisure residences outside Metro Manila marks a structural shift in how Filipinos define aspirational living and long-term investment,” said Ong. “Pico Terraces answers this shift by offering a vacation home that delivers generational value, environmental connection and a more refined way of living.”

Pico Terraces includes 211 units across Ardea Suites and Balea Suites, with a range of one-, two-, and three-bedroom configurations designed for versatility. The Ardea Suites is slated for completion in the first quarter of 2027 while Balea Suites will be completed by the fourth quarter.

Amenities—such as a 500-square meter cascading pool, indoor and outdoor fitness zones, clubhouse and a landscaped grand lawn—are designed not just for comfort but to cultivate a more intentional and relaxed pace of life.

“Our amenities were designed on a grand scale to create a complete vacation setting for unit owners. The only reason to step out of the complex is when the beach calls,” Ong said.

Ownership at Pico Terraces also comes with access to the Pico de Loro Beach and Country Club, an exclusive members-only resort within Hamilo Coast. This coastal development forms part of the Coral Triangle, a globally significant marine region that hosts 76% of the world’s coral species and 37% of all coral reef fish species.