SM Prime Holdings is pressing ahead with mall and hotel developments even as a prolonged housing slump continues to weigh on earnings, with the Sy family's property giant reporting a slight rise in residential inventory to more than P180 billion.
SM Prime Holdings Inc. reported a 5 percent decline in nine-month net income to P35.4 billion as softer residential sales offset continued growth in its mall and rental businesses.
Filipinos may be tightening their belts, but the country’s biggest mall developers are betting P184 billion that shoppers will keep coming, even if it means trading movie screens for pickleball courts.
SM Prime Holdings Inc. is moving ahead with the redevelopment of Susana Heights Village in Muntinlupa, with plans to introduce retail spaces and upgrade community facilities at the established residential estate.
SM Prime Holdings Inc. is seeing stronger demand across its live entertainment portfolio as concerts, sporting events and family shows draw larger crowds and its new Cebu arena expands capacity.
The country’s biggest property groups are closing ranks behind a push to delay new valuation rules, raising the pressure on the Marcos administration as developers grapple with higher costs, unsold units and a massive housing backlog.
The Philippine Sports Commission (PSC), the City of Manila, and SM Prime Holdings Inc. have signed an agreement to transform the Rizal Memorial Sports Complex into a modern sports and lifestyle district while preserving its historic character.
Real estate giant SM Prime Holdings Inc. is adding 70,000 square meters of mall space across three key regional markets as the Sy-led property giant bets on growing consumer and business activity outside Metro Manila.
SM Warehouses, a unit of SM Prime Holdings Inc., has expanded the logistics space it provides to Shopee partners SPX Express (SPX) and Scommerce Philippines Inc. with the turnover of a new 40,000-square-meter facility in Pasig City.