SY-LED property developer SM Prime Holdings Inc. (SMPH) will be spending P33 billion this year to expand its commercial property businesses on expectations of strong economic growth fueled by a sustained recovery in consumer demand.
"We expect moderating inflation, easing interest rates and election-related spending to fuel our growth in 2025. Our malls should do well and our office, hotel and convention centers could provide additional upside," SM Prime President Jeffrey C. Lim said in a statement on Thursday.
