Hand in hand with the company's growth is its commitment to share prosperity with the cities they are present in
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SM Prime Holdings, Inc. , the leading integrated property developer in the Philippines, marks its 30th anniversary as a publicly listed company with the announcement of its highest-ever recorded income and a P100 billion investment for its partners, stakeholders, and communities they operate in. With eyes set on the future, SM Prime reaffirms its position as a catalyst for economic development and community advancement.
Meanwhile, SM Prime’s residential business group, led by SM Development Corporation , recorded an 8% growth in revenues to P43.1 billion in 2023. The residential group’s gross profit rose by 15% to P25.4 billion, with reservation sales standing at P102 billion. SM Prime aims to continuously expand and develop new places for every Filipino to enjoy. 60% will be dedicated to enhancing its malls, development of new residential properties under SMDC, and construction of new hotels and convention centers. 40% will be directed towards acquiring new properties and coastal developments to pave the way for modern, eco-friendly urbanization.SM Prime has always been committed towards creating a sustainable future.
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