SM Leisure Resort and Residences (SMLRR), a unit of Sy-led SM Prime Holdings Inc. (SM Prime), has topped off the ₱2-billion Pico Terraces, a premium residential condominium located within Pico de Loro Cove in Hamilo Coast, Batangas.

In a statement, SM Prime said the topping-off ceremony, held on April 3, marks a key step in the group’s sustained expansion in the high-end real estate segment.

“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 SMLRR Executive Vice President and Business Unit Head Shirley C. Ong.

She added that, “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 development is slated for completion in the first quarter of 2027, while Balea Suites will be completed by the fourth quarter of that year.

Amenities—such as a 500-square meter (sqm) cascading pool, indoor and outdoor fitness zones, clubhouse, and a landscaped grand lawn—are designed not just for comfort but also 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 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 percent of the world’s coral species and 37 percent of all coral reef fish species.