The business started in 2005 and initially were able to successfully open and manage 4 markets. It was a very difficult venture as we had zero experience doing this. At that time all of the markets were on short term leases. Our success in managing and growing the markets prompted lessors to take over the markets for themselves. While it was painful to have the markets that we have worked hard to establish be taken over, we realize that the lessons we took from those were even more valuable. We have successfully opened and operated 11 wet markets. We have the secret sauce to duplicate this.
Star Market Realty & Dev’t Corp was incorporated with the SEC on June 25, 2010, with registration number CS201009621.
Since being incorporated, Star Market was able to acquire leases for 4 more markets in Novaliches. These are the markets that are still operating today. In 2017, the company was able to purchase their first property in Bagong Silang, Caloocan which is also still operating as of today.
With years of experience in the palengke industry, Star Market had realizations about the industry’s current state and opportunities it presented. Palengkes are ubiquitous but these are either public markets or privately owned markets with only a single branch. This means there are as many ways of managing these as there are number of markets. There’s no company that actively expands and manages a chain of wet markets. We aim to be that company.
The Covid-19 Pandemic in 2020 was uncharted territory for the company and our tenants. But it cemented our belief that our industry was less susceptible to disruptions as we were able to withstand and even thrive during that period. And in 2021, we’ve even started operating an additional branch in Novaliches and started a new branch in Brgy Pineda, Pasig City.
Aside from commercial leasing being the main line of business, Star Market also runs trading businesses through its subsidiary Red Star OPC. Through this trading arm, we supply various palengke goods from meats, produce, and more, to restaurants and hotels across Metro Manila. The B2B model was started 2018, long before Covid started but by March of 2020 when the pandemic started, our palengke delivery service started B2C operations as well. By early 2022, Star Market included hospitals to its long list of clientele. This is a continuous source of pride, knowing that hospitals have a higher standard when it comes to the ingredients for their patients and staff.
Our Mission
To professionalize the world of traditional wet markets and become the country’s first wet market chain available in every city and barrio in the Philippines
Our Vision
Providing the simple Filipino with the best environment to either be profitable in their trade or shop for the most affordable and freshest wet market goods for their families.
Our Team
Shred Santiago – President/CEO
After studying AB Humanities at the Ateneo De Manila University, Mr. Shred Santiago focused on international sales for companies such as Globe Asiatique Realty Holdings Corp, Moldex Group of Companies, Robinsons Land Corp, Ayala Land Corp, and Vista Land and Lifescapes Inc. During most of this time, he was working in Star Market at 4am in the morning and then going to his corporate job at 7am.
In 2019, he decided to resign from his corporate job to focus completely in becoming the President of SMRDC with a vision of professionalizing and expanding Star Market.
Gerard Angeles – Treasury Head
Ge brings with him 14 years of extensive banking experience and has been affiliated with various foreign and local banks, namely – HSBC, BDO, Citibank, Maybank, FMIC, and Eastwest. As the former Trust Sales and Marketing Head for Maybank and a founding Relationship Manager for their Wealth Management arm, he is well known in the industry and by his peers for his generous disposition and his love for his clients. He has also held positions in Treasury and Branch Banking.
Ge earned his bachelor’s degree in Development Studies from Ateneo De Manila in 2006, and was a former Management Honor’s major before shifting. He graduated from the AIM Trust Institute in 2011, undergoing the 1 year course on Trust Operations and Investment Management. He is also a former SEC licensed broker/salesman for Fixed Income instruments and Mutual Funds and a TIFP licensed salesman for UITFs.
The Country's Most Prolific Wet Market Operator 