SM Prime Readies turnover for Upscale Community Inside Beachfront Estate
Artist’s perspective of Balea Suites at Pico Terraces.
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Travel
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4 mins
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Out of Town Blog
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Melo Villareal
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SM Leisure Resort and Residences (SM LRR), a division of SM Prime Holdings, Inc. (SM Prime), is scheduled to deliver Balea Suites at Pico Terraces in the Hamilo Coast estate, 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 […]
SM Prime Readies turnover for Upscale Community Inside Beachfront Estate
SM Leisure Resort and Residences (SM LRR), a division of SM Prime Holdings, Inc. (SM Prime), is scheduled to deliver Balea Suites at Pico Terraces in the Hamilo Coast estate, Batangas, by the fourth quarter of 2027.
Artist’s perspective of Balea Suites at Pico Terraces.
“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.”
Balea Suites, part of the P3-billion Pico Terraces development, is the second residential building in the five-tower community, following the successful launch of Ardea Suites in 2023. Both towers were topped off in April 2025.
Pico Terraces is designed as a “resort within a resort,” providing residents with private amenities while remaining connected to the 5,900-hectare Hamilo Coast estate. Owners also get exclusive access to the Pico de Loro Beach and Country Club through bundled club shares included with their units.
Pico Terraces has attracted attention from Millennials and Gen X buyers from southern Metro Manila and nearby urban regions. These buyers are looking for appropriately sized secondary homes in a low-density coastal environment that offers a compelling long-term value.
Pico Terraces was conceived as a “resort within a resort,” blending the comfort of a residential community with quick access to exclusive amenities at Pico de Loro.
“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.
In addition to beachside leisure and lush mountain scenery, Pico Terraces offers swimming pools, fitness centers, and landscaped picnic areas, providing a calmer and more relaxing residential atmosphere within the estate.
The development’s market appeal has further earned recognition within the industry. Pico Terraces was recently awarded the title of Best Condominium Development (Luzon) at the 2025 PropertyGuru Philippines Property Awards and received the Best Resort Condominium Development accolade at the 2025 DOT Property Awards.
PropertyGuru praised Pico Terraces for its well-integrated “resort within a resort” concept, where amenities are smoothly incorporated into the development. Created to deliver a unique seaside environment and a high-quality residential experience, the project offers residents direct access to exclusive lifestyle amenities within Pico de Loro, combining leisure, comfort, and convenience in one location.
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SM Prime Readies turnover for Upscale Community Inside Beachfront Estate
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