SM Prime Holdings Inc. (SM Prime), one of Southeast Asia’s largest property developers, plans to invest ₱100 billion this year, driven by expectations of a sustained growth in consumer demand and corporate activity.

“We expect election-related spending, easing interest rates and higher tourism spending to fuel our growth in 2025,” said SM Prime President Jeffrey C. Lim, highlighting the company’s strong outlook. 

“Our growth will be driven by the mall business, while our robust project pipeline will enhance the expansion of strategic initiatives across our diversified portfolio,” he added.

Capital expenditure this year will be prioritized for malls, residences and integrated property developments.

SM Prime has earmarked approximately ₱21 billion for the expansion of its malls’ gross floor area (GFA). New developments will add 205,400 square meters of GFA, while 124,488 square meters of existing mall space will undergo redevelopment. The company anticipates a year-end total GFA of over 8 million square meters for its malls portfolio.

A P67 billion investment is planned for SM Residences and integrated property developments (IPDs). The residential projects will include regional, premium and leisure developments, while the IPDs—large, mixed-use, master-planned urban centers—will primarily be in Luzon and Visayas.

SM Prime is set to invest P12 billion in its office, hospitality and MICE (meetings, incentives, conferences, and exhibitions) businesses to expand capacity and enhance facilities. The investment will fund the construction of two new convention facilities, the renovation of hotel rooms and the addition of food and beverage facilities in existing hotels.

The company will also develop new office towers and workspaces, including Six E-Com Center, a Grade A office tower in the Mall of Asia Complex designed for technology-driven industries and BPO firms. The expansion is a result of robust tenant demand for existing inventory.

“These planned investments position us to meet evolving customer needs while driving SM Prime toward its next phase of growth,” said Lim.

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For further information, please contact:

John Nai Peng C. Ong
Chief Finance Officer
SM Prime Holdings, Inc.
E-mail: [email protected]
Tel. no.: 8831.1000 loc. 7886

Forward-looking Statement

This document may contain forward-looking statements and forward-looking information that are subject to significant risks and uncertainties including, without limitation, statements relating to known and unknown risks; uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from expected future results; performance or achievements expressed or implied by forward-looking statements; our overall future business, financial condition, and results of operations, including, but not limited to financial position or cash flow; our goals for or estimates of future operational performance or results; and changes in the regulatory environment including, but not limited to, policies, decisions, and determinations of governmental or regulatory authorities. Although: (1) SM Prime Holdings, Inc. has extensive experience; and (2) the forward-looking statements may be reasonable, nothing herein should be relied upon as a commitment from SM Prime Holdings, Inc. as we cannot guarantee future events, performance or events due to various risks and uncertainties.