SM feted for contributions in China's property market

SM China, a subsidiary of SM Prime Holdings Inc., has made it to the GuanDian Index Research Institute's "Performance Index: 2024 Commercial Real Estate Performance" list, with the company cited for its outstanding performance in operations, management, branding and innovation.

- By RICHMOND MERCURIO

The annual performance index of GuanDian, a provider of industry information and data analysis in China, recognizes remarkable performance in the commercial real estate industry based on rigorous research and analysis.

SM China has actively pursued a strategy of "deepening roots in Fujian, expanding across China" this year.

SM said this included introducing the voco brand in Fujian through the SM Xiamen voco Hotel, completing the SM International Center, breaking ground on SM City Fuzhou and opening SM Xiamen Wong Street.

SM Xiamen voco Hotel, SM's first hotel in China in partnership with InterContinental Hotels Group, is targeted to open in the second half of 2025.

Meanwhile, SM City Fuzhou, the SM Group's first mall in Fuzhou City, broke ground last September.