SM Prime Outlines P100B Investment Plan for 2025

​SM Prime Holdings Inc. (SM Prime), one of Southeast Asia’s largest property developers, plans to invest P100 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 P21 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.