HENRY Sy-led property developer SM Prime Holdings, Inc. is planning to add 10 new malls across the country next year, higher than its annual target of five to six malls.

“Every year, we’re opening five to six [new malls] although I think next year it would be more because they’re opening smaller malls next year,” SM Investments Corp. (SMIC) Senior Vice President for Investor Relations and Corporate Communications Cora Guidote told reporters on the sidelines of a forum organized by the Economic Journalists Association of the Philippines on Friday.

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