SM Prime is going big again in 2025 by rolling out a hefty P100 billion towards expansion.

In a stock exchange filing on Monday, the Sy-led company said the bulk of the budget will fuel SM Residences and integrated property developments, further expanding its footprint and reshaping skylines.

The sustained investment will drive the growth of its malls as the company banks on steady consumer demand and increasing corporate activity.

"We expect election-related spending, easing interest rates, and higher tourism spending to fuel our growth in 2025. 

Our growth will be driven by the mall business, while our robust project pipeline will enhance the expansion of strategic initiatives across our diversified portfolio,” SM Prime President Jeffrey C. Lim said. 

SM Residences and integrated property developments will receive more than half of the total budget or P67 billion, covering regional, premium, and leisure residential projects, as well as large-scale, mixed-use urban centers primarily in Luzon and Visayas.  

The company has set aside P21 billion to expand its malls, targeting an additional 205,400 square meters of gross floor area (GFA) and redeveloping 124,488 square meters of existing space. SM Prime expects its total mall GFA to exceed 8 million square meters by year-end.  

Another P12 billion will be invested in offices, hospitality, and MICE (meetings, incentives, conferences, and exhibitions) operations. The funds will support the construction of two new convention facilities, hotel room renovations, and expanded food and beverage facilities.   

The company is also developing new office towers and workspaces, including Six E-Com Center, a Grade A office building in the Mall of Asia Complex catering to technology-driven industries and BPO firms.  

Lim noted that the planned investments will position the company to meet evolving customer needs while driving SM Prime toward its next phase of growth.