SM Prime sets P80-billion 2018 capital expenditure for provincial businesses
SM Prime

MANILA – SM Prime Holdings Inc on Tuesday said it has set an P80-billion capital expenditure for 2018 to support the growth and expansion of its businesses in the provinces. The capex will be allocated to key provincial cities, SM Prime, integrated property and SM malls operator, told the stock exchange. “We want to take […]

Prime developer offers new concept
Eastland Heights

It’s a given: a thriving real estate market offers rosy and favorable prospects for further growth and expansion for the industry players. But being able to tap these highly lucrative opportunities and take advantage of the local market’s increasing purchasing power is an entirely different story altogether. For one, it would require firms to be […]

SM Prime mulls REIT listing
SM Prime

SM PRIME Holdings, Inc. can raise between $500 million and $1 billion should it launch a real estate investment trust (REIT) on the stock exchange, an option the company continues to explore amid plans to undertake more reclamation and other projects.   Listing a REIT on the Philippine Stock Exchange (PSE) remains an option for […]

SM Prime betting big on low-cost housing
SM Prime

SM PRIME Holdings, Inc. expects its low-cost housing business to eventually account for half of the residential business, as the property conglomerate of tycoon Henry Sy, Sr. plans to start selling units at its maiden real estate venture in China next year. Jose Mari H. Banzon, SM Prime business unit head for primary residential, told […]

SM Prime to build P5-b Ortigas towers
SM Prime

SM Prime Holdings Inc., the country’s largest real estate developer, said it will spend between P4 billion and P5 billion to develop high-end office towers near SM Megamall in the Ortigas central business district. SM Prime vice president for finance Ma. Teresa Cecilia Reyes said the planned S-shaped office towers would rise between SM Megamall […]