SM NORTH Edsa has hastened economic activity and infrastructure development to and from Manila and nearby provinces over the past 30 years, its developer, SM Prime Holdings Inc., said.
SM Prime said the mall has impacted on the property values in the area, citing Bureau of Internal Revenue data, which show that from an initial zonal value of P2,500 per square meter in 1990, land values around the mall soared to P40,000 per square meter in 2000.
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