In a span of 30 years, SM Prime Holdings (PSE: SMPH) has become a dominant force in the Philippine property sector, driven by its iconic SM malls and the market-leading developments of SM Development Corp. (SMDC).
Tracing its origins back to a small shoe store founded by Henry Sy, Sr. in downtown Manila, SMPH has grown into one of the most valuable firms in the country and a leading integrated property developer in Southeast Asia.
Beyond its impressive scale, SM Prime stands as a bellwether for the Philippines—its progression following the same arc as the nation’s economic and social advancement.
Turning Headwinds into Headway
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