SM Prime Allocates ₱100 Billion for Expansion in 2025

SM Prime Holdings Inc. is set to invest ₱100 billion in 2025, focusing on residential developments, mall expansions, and hospitality projects, according to a regulatory filing.

Breakdown of Investments:

✅ ₱67 billion – Residential projects, including regional, premium, and leisure developments, primarily in Luzon and Visayas.
✅ ₱21 billion – Mall expansions, adding 205,400 sqm of new space and redeveloping 124,488 sqm of existing malls.
✅ ₱12 billion – Office, hospitality, and MICE (Meetings, Incentives, Conferences, and Exhibitions), including two new convention centers and hotel renovations.

By year-end, SM Prime expects its total gross floor area (GFA) to exceed 8 million sqm.

Financial Outlook for 2025

The company anticipates strong growth fueled by:
📈 Election-related spending
📈 Easing interest rates
📈 Higher tourism activity

2024 Performance Highlights:

💰 Net income: ₱45.6 billion (+14%)
📊 Revenue: ₱140.4 billion (+10%)

“These planned investments position us to meet evolving customer needs while driving SM Prime toward its next phase of growth,” said SM Prime President Jeffrey Lim.