Property

SM Prime Holdings Inc., through its premium residential brand M Prime, announced the upcoming launch of its first luxury project in Makati, signaling its formal entry into the high-end residential segment. The development will be located in one of the city’s most exclusive enclaves, addressing growing demand for upscale urban living.

Hilton Worldwide Holdings Inc. and Ayala Land Hospitality Inc. have announced the upcoming opening of Canopy by Hilton Makati in 2026, marking the debut of Hilton’s lifestyle Canopy brand in the Philippines.

Hotel occupancy in Metro Manila remained stable at 64 percent in the first half of 2025, up one percentage point from last year, according to real estate consultancy Colliers. However, occupancy is expected to hover just above 60 percent for the rest of the year amid weak foreign tourist arrivals and an incoming wave of new hotel rooms.

SM Prime Holdings Inc., the real estate development arm of the Sy Group, is investing P7 billion to transform SM Megamall, one of the Philippines’ most iconic shopping destinations, into a next-generation lifestyle hub, with phased completion slated between 2027 and 2029.

LIMA Land, Inc., a wholly-owned subsidiary of Aboitiz InfraCapital (AIC), and House of Investments (HI), the holding company of the Yuchengco Group, have entered into a joint venture agreement to co-develop a 184-hectare mixed-use estate in Tarlac.