SM Prime to spend at least PHP50 billion to develop provincial cities
(25 April 2017. Pasay City, Philippines) SM Prime Holdings, Inc.
(SM Prime), the Philippines’ leading integrated property company, plans to spend at least PHP50 billion per annum over the next two years to support its developmental goals. SM Prime allocates 80% of its capital expenditure on project developments, mostly for mall and residential development. The remainder is used for land banking.
You may also see the 2016 SM Prime Annual Report and Sustainability Report here and here.
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