Property

Caution may define the macro mood, but SM Prime Holdings is penciling in a brighter 2026.

Megaworld Corp., the listed property development company of billionaire Andrew Tan, posted record net income of P24 billion in 2025, up 11 percent year-on-year, driven by strong residential sales, leasing growth, and expansion of its recurring income portfolio. 

SM Prime Holdings is accelerating its push into the regions, announcing plans to open four new malls outside Metro Manila in 2026 in a move that underscores confidence in provincial consumer growth.

Property developers are escalating calls for faster permit approvals, warning that prolonged processing times are constraining housing supply and delaying project rollouts nationwide.

State-run housing lender Pag-IBIG Fund booked a near 50 percent jump in investment income in 2025, fortifying its balance sheet and sharpening its capacity to bankroll affordable homes.