SM Prime Holdings Inc. (SM Prime), one of Southeast Asia’s largest integrated property developers, is expanding its presence in Northern Luzon with the opening of SM City Laoag on May 30—the company’s first mall in Ilocos Norte and its 88th shopping center in the Philippines.
SM Prime Holdings Inc. has deployed 131 electric vehicle (EV) charging stations across its properties nationwide as of the first quarter of 2025 and is planning to put up 50 more within the year.
SM Prime Holdings is aiming high with its 360-hectare Manila Bay reclamation, a project that could attract top developer partnerships and rival, or even eclipse, Bonifacio Global City, tycoon Henry Sy Jr. said.
SM Prime Holdings posted a P11.9-billion net income in the first quarter of 2025, up 11 percent from a year ago, as revenues climbed 7 percent to P32.8 billion.
SM Offices, the office development arm of SM Prime Holdings Inc. (SM Prime), is stepping up its expansion efforts in response to surging demand for high-quality workspaces.
SM Mall of Asia Arena’s three-year, $10-million (P570 million) reinvention is showing results, with over one million ticketed attendees recorded in 2024 alone.
Sy-led property giant SM Prime has topped off Pico Terraces, a P2-billion upscale residential project inside Hamilo Coast, Batangas, reinforcing its push into the premium real estate market.
The company is investing P5 billion in SixE-com Center, located within the SM Mall of Asia Complex — underscoring SM Prime’s confidence in the Philippine real estate market amid evolving office space dynamics.