SM Prime Holdings, Inc., the listed property developer of the SM Group, said on Tuesday it is spending at least P50 billion annually over the next two years to support its developmental goals.

Eight percent of the company’s capital expenditure will be allotted mostly to mall and residential developments and 20 percent to fund land banking.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details