Supercity Realty Development Corporation Claim

Supercity Realty Development Corporation

Supercity Realty Development Corporation (SRDC) was incorporated on June 9, 2000 to engage in the business of construction, and related services and activities. SRDC is authorized to act as a contractor or subcontractor for the construction of houses, buildings, roads, bridges and other construction projects for the private sector or the government anywhere in the Philippines. The Company is also authorized to; purchase, lease, exchange or otherwise acquire real properties; manage, subdivide and develop the same; and sell, transfer, convey or otherwise alienate or dispose of any such real properties and any interest or right therein.

Since the start of its commercial operations in October 2000, SRDC completed a number of land development and housing projects. The Company’s major completed and on-going projects are located in the following project sites: Mabuhay City Subdivision in Cabuyao, Laguna; Jubilation New Biñan Subdivision in Biñan, Laguna; Eastwood Greenview Subdivision, Eastwind Homes, and Centella Homes Subdivision in San Isidro, Rodriguez, Rizal; and Celebrity Place Walk-up Condominium in Quezon City.

In February 2008, the Board of SRDC decided to wind down the Company’s construction business and re-focus its activities into real estate development. However, as of December 31, 2015, SRDC has not yet started any real development projects and thus the Company is still continuously engaged in the business of construction.