SM Prime nears turnover in upscale enclave within beach estate

Pico Terraces was designed as a “resort within a resort,” combining the comfort of a residential enclave with immediate access to exclusive amenities within Pico de Loro.

SM Leisure Resort and Residences (SM LRR), a unit of SM Prime Holdings, Inc. (SM Prime), is on track to turn over Balea Suites at Pico Terraces within the Hamilo Coast estate in Batangas by the fourth quarter of 2027.

“Market reception for Balea Suites has been strong, with most units already taken up,” said Imee Francisco, Senior Vice President and Head of Costa del Hamilo, Inc. “The distinct seaside setting, exclusivity and amenities of Hamilo Coast make the project a compelling option for discerning buyers.”

Part of the P3-billion Pico Terraces development, Balea Suites is the second residential offering in the five-building community, following the successful launch of Ardea Suites in 2023. Both towers topped off in April 2025.

Designed as a “resort within a resort,” Pico Terraces offers residents access to its own set of private amenities while staying seamlessly connected to the 5,900- hectare Hamilo Coast estate. Residents also enjoy exclusive access to the Pico de Loro Beach and Country Club through bundled club shares included with unit ownership.

Pico Terraces has gained traction among Millennials and Gen X buyers from southern Metro Manila and nearby urban areas who are seeking right-sized secondary homes in a low-density coastal setting with a clear long-term value proposition.

“Buyers are responding to Pico Terraces because it offers an accessible entry point into elevated, nature-inspired living. Pico de Loro’s sea-and-mountain setting gives the project a distinct sense of place that is difficult to replicate,” explained Francisco.

Beyond beachside leisure and lush mountain landscapes, Pico Terraces features swimming pools, fitness areas and landscaped picnic grounds that create a quieter and more relaxed residential environment within the estate.

The development’s market appeal has also gained industry recognition. Pico Terraces was recently honored at the 2025 PropertyGuru Philippines Property Awards as Best Condominium Development (Luzon) and at the 2025 DOT Property Awards as Best Resort Condominium Development.

PropertyGuru recognized Pico Terraces for its thoughtfully integrated “resort within a resort” concept, where amenities are seamlessly woven into the development itself. Designed to offer a distinct seaside setting and an elevated residential experience, the project provides residents with immediate access to exclusive lifestyle features within Pico de Loro, blending leisure, comfort and convenience in one destination.