Try GOLD - Free
SM Prime upbeat on China amid economic slowdown
Manila Bulletin
|May 6, 2025
Amid concerns of a cooling Chinese economy, SM Prime Holdings Inc., one of Southeast Asia’s largest integrated property developers, remains upbeat about its businesses in China, where it has also ventured into the office leasing business in addition to malls.
“In China, there is nothing to worry about. The performance and the competition are still very much there. The growth is very much there,” SM Prime Chairman Hans T. Sy said in an interview.
He noted that, “We just finished a three-tower office with a total of 75,000 square meters. In less than a year, we’re 60 percent leased out already.”
Sy attributed the fast office take-up to their ability for new tenants to move almost immediately because the spaces are already fitted out.
“What is the biggest problem in moving offices? They’re having to do with fit-out and all those things. But in China, there are just so many things available.
This story is from the May 6, 2025 edition of Manila Bulletin.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Manila Bulletin
Manila Bulletin
Gemini AI makes Google Maps conversational
Google Maps is heading in a new direction with artificial intelligence sitting in the passenger's seat.
1 mins
November 7, 2025
Manila Bulletin
Hunger among Filipino families up in Q3 - SWS
About 22 percent of Filipino families experienced involuntary hunger, going hungry with nothing to eat, at least once in the past three months, a Social Weather Stations (SWS) survey released on Wednesday, Nov. 5, said.
1 mins
November 7, 2025
Manila Bulletin
'Liberating fashion for many'
Saed El-Achkar, H&M's president for East Asia and Greater China, on the brand's mission to make fashion accessible, inclusive, and purposeful for everyone
3 mins
November 7, 2025
Manila Bulletin
Quakes, typhoons hike electricity spot prices
Consumers may see an increase in their electricity bills this month after prices on the Wholesale Electricity Spot Market (WESM) surged following recent earthquakes and inclement weather.
1 mins
November 7, 2025
Manila Bulletin
Chinabank earnings up 10% to ₱20.2B
China Bank - ing Corp. (Chinabank), the lender co-controlled by the Sy and Dee families, sustained its income growth, posting a 10-percent rise in consolidated profits to P20.2 billion in the first nine months of the year.
1 min
November 7, 2025
Manila Bulletin
E-wallet ban slashes DigiPlus Q3 earnings
Online gaming firm DigiPlus Interactive Corp. saw its third-quarter profit plunge after new government regulations forced e-wallet providers to cut off in-app access to licensed gaming platforms.
1 mins
November 7, 2025
Manila Bulletin
Save our planet; go clean energy all the way
The world is fast reaching a point of no return.
2 mins
November 7, 2025
Manila Bulletin
MVP still reviving Smart Money
Tycoon Manuel V. Pangilinan is not ruling out plans to revive Smart Money, a pioneer in the mobile wallet space, despite the executive leading its comeback having since stepped down.
1 min
November 7, 2025
Manila Bulletin
Elevate your drive with Ford's newest electrified vehicles
The New Territory Hybrid and All-New Mustang Mach-E are now available in Ford dealerships
4 mins
November 7, 2025
Manila Bulletin
Pope Leo calls for 'deep reflection' about treatment of detained migrants in the United States
Pope Leo XIV called for “deep reflection” about the treatment of migrants held in detention, saying that “many people who have lived for years and years and years, never causing problems, have been deeply affected by what is going on right now.”
1 mins
November 7, 2025
Listen
Translate
Change font size