SM Prime outlines growth strategy
SM PRIME Holdings Inc. (SM Prime), a leading property developer in Southeast Asia, unveiled a three-pronged growth strategy at its 2025 Annual Stockholders’ Meeting, emphasizing scale, innovation and geographic reach to reinforce its Philippine real estate leadership.
The roadmap focuses on organic mall expansion (adding over 316,000 square meters and redeveloping over 309,000 square meters), regional development with new malls in Laoag, La Union and Zamboanga by 2025, and diversification into upscale residential projects and integrated urban estates.
Backed by a P100 billion capital expenditure plan for 2025, SM Prime reported a strong first quarter with a net income of P11.9 billion, an 11 percent increase year-on-year, and total assets reaching P1.05 trillion.
The company also signaled its entry into the premium residential market in Metro Manila, with prices starting at P15 million, and aims for five to 10 percent growth in residential sales reservations for the year. / KOC
Source:
https://www.sunstar.com.ph/cebu/sm-prime-outlines-growth-strategy
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