SM Supermalls sets P150-B expansion, one flagship mall yearly to 2030

Insider Spotlight

• SM Supermalls marks 40 years with P150-B expansion plan.
• One flagship mall to rise annually from 2026–2030.
• 16 regional projects and 12 new lifestyle malls lined up.
• Goal: Greener, smarter, people-centered malls by 2030.

SM Supermalls is embarking on a five-year roadmap that will see one flagship mall rise annually from 2026 to 2030, with investments exceeding P150 billion across 16 regional projects and 12 new lifestyle malls.

The program marks the group’s 40th year in Philippine retail.

The big picture

SM aims to transform its 88-strong nationwide mall network into future-ready spaces designed to serve as economic anchors in key regions.

The company targets greener, smarter, and more people-centered malls as it evolves its portfolio through redevelopments and new builds.

In a press briefing on Thursday, Sept. 4, 2025, SM Supermalls president Steven Tan the company’s growth philosophy remains rooted in partnership.

Steven Tan

The SM Supermalls chief said the retail giant is investing in more open spaces in its malls and tackling the challenge of e-commerce head on.

“At SM, we’ve always believed that success is shared,” he said. “From the very beginning, SM was built on trust and relationships. We only win when our partners win.”

Flagship rollouts

Planned projects include:

• SM Sta. Rosa (Yulo) in Nuvali (2026)
• Harrison Plaza in Manila (2027)
• SM Malolos in Bulacan (2028)
• Cavite (2029)
• Pasay (2030)

The new malls will combine shopping, dining, culture, and community features. SM is also modernizing existing sites with open-air promenades, lifestyle zones, and sustainability upgrades.

Why it matters

The expansion underscores SM’s intent to stay ahead in a retail landscape where consumer preferences are shifting toward experience-driven spaces.

The group is positioning malls not only as shopping venues but also as hubs for culture, leisure, and community engagement.

Tan framed the plan as more than physical expansion:

“This new era is not about adding more malls,” he added. “It is about creating destinations that matter, modernizing the malls people already love, and ensuring every Filipino has access to world-class malling. Our promise is simple. Everything we do is all for you.”

Between the lines

The initiative highlights SM’s bet on long-term consumption growth and urbanization, even as e-commerce rises.

By doubling down on sustainability and tenant collaboration, SM seeks to keep malls relevant as “trusted spaces where people come together.”

What’s next

As part of its anniversary, the group is staging its largest shopping celebration yet, with over 4,000 exclusive partner-powered deals across its mall network, reinforcing SM’s claim as the Philippines’ most loved retail channel after four decades.