Category: Mr. Henry Sy

SM Prime hailed as the Best Developer in the Philippines Property Awards 2015

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SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property companies in Southeast Asia, won the Best Developer Award, the highest award given by the Philippines Property Awards 2015 at the Raffles and Fairmont Hotel. This makes SM Prime the Philippine entry to compete on October 2015 in Singapore against other developers coming from China, Singapore, Malaysia, Indonesia, and Vietnam.

“On behalf of our Chairman, Mr. Henry Sy, Jr., our President, Mr. Hans Sy and SM Prime team, we humbly accept this prestigious award. With this, we are more inspired to provide innovative and sustainable lifestyle cities for the greater good of the communities we serve, thank you.” SM Prime Executive Vice President Mr. Jeffrey Lim said when he received the award.

SM Prime, with a total of nine nominations across the twenty-five award categories, was conferred the evening’s biggest winner. SM Prime group also dominated several categories and bagged four awards aside from the Best Developer Award. These include Best Retail Development and Best Retail Architectural Design, for Mega Fashion Hall. Meanwhile, SM Development Corporation (SMDC), earned the trophy for Best Landscape Architectural Design for Shell Residences and Best Affordable Condo Development (Metro Manila) for Mezza II Residences.

The Philippines Property Awards 2015 celebrated the best of the best current projects in the Philippine’s real estate industry, given that we have a strong Philippine economy which positively affecting the real estate market and exhibits robust growth in the commercial, residential, offices and mixed-use sectors, as well as gearing on the opportunities across the regions.

SM Prime will remain committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.

SM Prime hailed as the Best Developer in the Philippines Property Awards 2015

PRNEWS Admin Leave a comment

SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property companies in Southeast Asia, won the Best Developer Award, the highest award given by the Philippines Property Awards 2015 at the Raffles and Fairmont Hotel. This makes SM Prime the Philippine entry to compete on October 2015 in Singapore against other developers coming from China, Singapore, Malaysia, Indonesia, and Vietnam.

“On behalf of our Chairman, Mr. Henry Sy, Jr., our President, Mr. Hans Sy and SM Prime team, we humbly accept this prestigious award. With this, we are more inspired to provide innovative and sustainable lifestyle cities for the greater good of the communities we serve, thank you.” SM Prime Executive Vice President Mr. Jeffrey Lim said when he received the award.

SM Prime, with a total of nine nominations across the twenty-five award categories, was conferred the evening’s biggest winner. SM Prime group also dominated several categories and bagged four awards aside from the Best Developer Award. These include Best Retail Development and Best Retail Architectural Design, for Mega Fashion Hall. Meanwhile, SM Development Corporation (SMDC), earned the trophy for Best Landscape Architectural Design for Shell Residences and Best Affordable Condo Development (Metro Manila) for Mezza II Residences.

The Philippines Property Awards 2015 celebrated the best of the best current projects in the Philippine’s real estate industry, given that we have a strong Philippine economy which positively affecting the real estate market and exhibits robust growth in the commercial, residential, offices and mixed-use sectors, as well as gearing on the opportunities across the regions.

SM Prime will remain committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.

SM Marks 10th Listing Anniversary, cites Tremendous Growth

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SM Investments Corporation (SM) marked its 10th year as a publicly-listed company in the Philippine Stock Exchange.

SM listed on March 22, 2005 with an adjusted price of PHP 191 per share. As of March 26, SM closed at PHP888 apiece, representing a growth of 365%.

In his remarks during the anniversary ceremony, SM Chief Finance Officer Jose T. Sio said that the company’s growth has been tremendous over the last ten years.

“More compelling is how our operating companies in retail, property and banking have emerged to be market leaders in just ten years. Such leadership is backed by having one of the largest footprints in the country consisting of highly productive assets and delivering superior value, margins and returns. These assets have evolved to cater to more sophisticated lifestyles of our customers by providing a world-class look and feel, a sense of completeness and an exciting experience for every member of the family,” Mr. Sio said.

In 2005, SM had total assets of PHP153 billion and a market capitalization of PHP127 billion. Today, , SM’s assets are worth over PHP711 billion with a market capitalization of PHP732 billion. Its assets grew almost seven -fold, delivering an average annual growth of 21% over the last ten years. Market capitalization grew by 19% during the same period.

Revenues also accelerated in the last ten years for an average growth of 20.6% per annum with net income showing an average growth of 21.4 percent each year.

“Indeed, the story of SM has inspired and surprised many, ourselves included, as we witnessed its phenomenal growth from humble beginnings to what it has become today. SM is a story of leadership, innovation, commitment, focus and a collective effort to advance the great legacy that Mr. Henry Sy, Sr. built,” Mr. Sio further said.