SMDC turns over KaUSWAGan Residences, first vertical social housing project in Iloilo City

In a historic move for Iloilo City, SM Development Corporation (SMDC) has turned over the keys to KaUSWAGAN Residences, the city’s first vertical socialized housing development. The Php 248-million project, located in Barangay San Isidro, Jaro, is poised to address the housing needs of local government employees while contributing to the national efforts to reduce the country’s housing backlog.

This landmark development marks a significant milestone in Iloilo’s urban landscape, showcasing SMDC’s commitment to providing affordable housing solutions. KaUSWAGAN Residences stands as a symbol of successful collaboration between the private sector, local government, and the Department of Human Settlements and Urban Development (DHSUD). The project represents a modern solution to housing challenges, particularly for the working-class citizens of Iloilo.

A Strategic Collaboration for Sustainable Growth

The turnover event, held today, highlights the importance of public-private partnerships in addressing critical housing shortages. SMDC, in partnership with the Iloilo City Government and DHSUD, has designed the project with accessibility and affordability in mind. Comprising two four-story buildings, KaUSWAGAN Residences offers 30-square-meter units, ideal for Iloilo City’s government workers who seek proximity to the city center—just 6.5 kilometers from Iloilo City Hall.

Jeffrey C. Lim, President of SM Prime Holdings, emphasized the company’s role in supporting the government’s socialized housing program. “At SMDC, we are committed to delivering high-quality homes that cater to the needs of Filipino workers. By partnering with local governments like Iloilo City, we are not only addressing the housing backlog but also building stronger, more resilient communities,” Lim said.

A Blueprint for Future Housing Projects in Iloilo

Iloilo City Mayor Jerry P. Treñas lauded the partnership as a model for future housing initiatives. He highlighted the importance of this project in meeting the housing demands of Iloilo’s workforce. “This is a historic moment for Iloilo City. With KaUSWAGAN Residences, we are offering affordable homes to our hardworking government employees. This project serves as a template for future public-private collaborations, and we hope to see more of such developments across the region,” said Mayor Treñas.

The two-building project is designed with features that prioritize convenience, such as ample parking spaces, green open areas, and easy access to public transportation. With its strategic location, it provides not only a home but also a gateway to essential services, retail, and recreational amenities in Iloilo.

SMDC’s Commitment to Housing Nationwide

The completion of KaUSWAGAN Residences further solidifies SMDC’s dedication to addressing the country’s housing needs. SMDC has already invested over Php 1.1 billion into the government’s socialized housing program, with numerous developments across the country. This includes projects in Davao, Eastern Samar, Cavite, and Abra, which have helped provide affordable homes to thousands of Filipino families.

In Iloilo, KaUSWAGAN Residences complements SMDC’s upscale offerings, such as Style Residences, a premium development located within the city’s vibrant Lifestyle District. With five towers, Style Residences caters to the growing demand for luxury living in Iloilo, offering over 2,900 units and amenities like swimming pools, landscaped gardens, and function rooms.

Building Communities for a Better Future

Through its socialized housing initiatives, SMDC is helping turn the dream of homeownership into reality for more Filipinos. Mayor Treñas noted that KaUSWAGAN Residences is more than just a housing development—it is an investment in the city’s workforce and a contribution to its economic growth.

“The KaUSWAGAN project is a testament to the power of collaboration and a meaningful solution to the housing needs of our working-class citizens. With projects like this, we are not just building homes, we are building a better future for Iloilo and the Philippines as a whole,” Treñas added.

With a growing portfolio of socialized and premium housing projects, SMDC continues to drive forward its vision of creating communities where Filipinos can thrive, find stability, and enjoy a high quality of life. In Iloilo, the launch of KaUSWAGAN Residences marks just the beginning of a transformative journey toward a more inclusive and sustainable urban development.