SM Prime Plans P100 Billion Investment for 2025 Expansion

SM Prime Holdings Inc. plans to invest ₱100 billion this year to expand its portfolio, driven by expectations of sustained consumer demand and corporate activity. The investment will focus on malls, residential properties, and integrated property developments, with ₱67 billion allocated for the newly branded SM Residences and large urban centers primarily in Luzon and Visayas. Approximately ₱21 billion will be used to expand mall gross floor area by 205,400 square meters and redevelop existing space, aiming for a total of over 8 million square meters. Additionally, ₱12 billion will enhance SM Prime's office, hospitality, and MICE businesses, including the construction of new convention facilities and office towers. President Jeffrey Lim anticipates growth fueled by election-related spending, easing interest rates, and increased tourism. The company aims to solidify its market dominance by creating holistic communities and upgrading existing facilities.