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SM Prime Maintains Cautious Stance on Residential Project Development

SM Prime Holdings logoSM Prime Holdings
Sig1.85Sen-0.60Env0.00Soc0.00Gov0.00

Only about 13% of SM Prime’s residential units are ready for occupancy, while 87% remain under development. Reservation sales totaled roughly P25 billion, broadly matching the prior year. Q2 revenue rose 9% to P38.4 billion, but first-half net income stayed flat at P24.5 billion as higher operating and construction costs offset revenue growth. For the second half, the company targets P30–P35 billion in reservations and prioritizes completing projects already under construction.

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