SM pursues integrated property developments

Sy-led SM Prime Holdings Inc., one of Southeast Asia's largest integrated property developers, is banking on the popularity of its malls to provide a strong anchor in its planned diversification and expansion into integrated property developments (IPDs), particularly outside of Metro Manila.

- BY JAMES A. LOYOLA

During the firm's annual stockholders' meeting, SM Prime Chairman Henry Sy Jr. said, “Our evolution from mall development to integrated property development has paved the way for our next growth phase: becoming a 'developer of developers.’”

“By creating dynamic, sustainable spaces that integrate malls, hotels, offices, schools, hospitals, parks, convention centers, and tourist destinations, we are shaping modern urban living—one that promotes connectivity, convenience, and inclusive growth.”

While embarking on township developments and venturing into the premium residential market this year, Sy said, “we will continue to drive organic growth by enhancing our existing portfolio. This includes expansions, renovations and a renewed focus on experiential offerings.”

“We recognize that malls are no longer just places to shop; they are community hubs where people gather to explore, connect and unwind. As lifestyles evolve, so do we—continuously shaping SM malls to meet the changing needs of Filipinos at every stage of life,” he explained.

To complement its retail offerings and create complete destinations, SM Prime is expanding its office, hotel, and convention center businesses.

“As economic and tourism numbers continue to improve, we are strategically positioned to meet the growing demand for high-quality workspaces, accommodations and event venues,” Sy said.