HENRY Sy-led property developer SM Prime Holdings, Inc. is planning to add 10 new malls across the country in 2018, exceeding its existing 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,” Cora Guidote, SM Investments Corp. (SMIC) senior vice president for Investor Relations and Corporate Communications, told reporters on the sidelines of a forum organized by the Economic Journalists Association of the Philippines (EJAP) on Friday.