SM Prime Holdings Inc., the country’s largest property developer, announced a P100 billion capital expenditure plan for 2025, signaling confidence in sustained demand from consumers and businesses. The company expects election-related spending, easing interest rates, and a boost in tourism to propel its growth, with a strategic focus on its mall business and robust development pipeline.
Of the total, P21 billion is directed towards expanding the gross floor area (GFA) of SM malls, with new and redeveloped spaces adding over 200,000 square meters to its portfolio. SM Prime’s residential and integrated property developments will receive P67 billion, funding projects across Luzon and Visayas. Additionally, P12 billion will go into the office, hospitality, and MICE sectors, with expansions in convention facilities, office towers, and hotel amenities.
SM Prime’s significant investments are aimed at enhancing its market position and catering to evolving consumer demands, paving the way for sustained corporate growth in the years ahead.
