This means SM malls, operated by Sy-led property giant SM Prime Holdings, welcomed a daily foot traffic equal to more than 4 percent of the country’s population across its network of 87 shopping centers last year.
“This milestone reflects the trust and loyalty of our shoppers, the strength of our tenant partnerships, and the evolution of our malls as vibrant community hubs,” SM Supermalls president Steven T. Tan said.
New malls, new shops
In 2024, SM Supermalls expanded with two new malls—SM City Caloocan, a three-level, 53,577-square-meter mall that opened on May 17, and SM J Mall, the country’s 87th SM mall, which opened on October 25 with four levels and 78,229 square meters of retail space.
It also introduced global brands like Disney Store, National Geographic, Nitori, and Paris Baguette last year.
What’s next?
SM Supermalls will keep drawing visitors in 2025 with major events like weekly job fairs, fan meets, and SM Little Stars, plus new attractions like MOA Sky and Sky Bark.
“As we enter SM’s Bold New Era, our expansion strategy remains focused on strengthening our presence in key areas, curating an optimal tenant mix, and continuously evolving with our customers to meet their changing needs and aspirations,” Tan said.
Around P21 billion is set for expansion, adding 205,400 sqm of new retail space. Another 124,488 sqm of existing space will be redeveloped.
Correction: An earlier version of this article mistakenly stated that SM City Sto. Tomas opened last year. It actually opened in 2023, and the article has been corrected to reflect this.
