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SM to open 3 malls, redevelop 10 projects

SY family-led SM Supermalls, the retail leasing and residential property arm of listed SM Prime Holdings, Inc. (SMPH), plans to open at least three new malls and redevelop more than 10 projects next year as it continues its expansion across the country.

'We have three malls opening for sure next year: that would be Laoag, La Union, and Zamboanga,' SM Supermalls President Steven Tan told reporters late on Wednesday.

SM Supermalls President Steven Tan. PHOTOS BY J. GERARD SEGUIA