SM Prime Earmarks PHP33 Billion for Commercial Projects for 2025

MT Newswires Live

2025/02/06

SM Prime (PSE:SMPH) is set to invest up to 33 billion Philippine pesos in 2025, according to a Thursday Philippine bourse filing.

The property developer will focus on malls, offices, and hotels amid expectations of strong consumer demand and over 6% economic growth.

The company will earmark 21 billion to expand its shopping malls, adding over 205,000 square meters of new space and redeveloping existing properties.

SM Prime plans to spend 6 billion pesos on its hospitality and MICE businesses, while another 6 billion pesos will fund office developments, it noted.

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