EXCERPT

Shopping mall operator SM Prime Holdings Inc. said it will open new malls this year as the company has set its sights on a strong finish for 2022.

The company recently opened its mall in Roxas, Capiz last April 8. This will be followed by the unveiling of SM City Tuguegarao, SM City Sorsogon and SM City Tanza in Cavite.

For its residential business segment, SM Prime through its unit SM Development Corp. aims to launch between 15,000 to 20,000 residential units, mostly on mid-rise and horizontal housing, subject to government approval of its licenses to sell.

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