From the dream of selling a good pair of shoes to every Filipino, SM founder Henry Sy, Sr. has laid the groundwork and piloted the development and evolution of SM Investments Corporation (SM) into one of the country’s largest holding companies in the Philippines today.

For nearly six decades, SM has demonstrated its leading presence in retail, banking, and property development in the Philippines with a rising presence in China, innovating to provide best-value in products and services across various customers.

Through careful planning and execution, SM takes inspiration from its millions of stakeholders whose lives are shaped by their aspirations and constant desire for a better quality of life. As it continues to build on these aspirations, SM fulfills its catalyst role by expanding through its core businesses, generating employment, business activity and overall progress in its host communities. SM stands firm in its commitment toward change by promoting more value and greater convenience, stimulating growth and inspiring millions toward realizing their lifelong dreams.

Explore our history through this timeline

  • 1985
  • 1991
  • 1993
  • 1994
  • 1995
  • 2000
  • 2001
  • 2001
  • 2002
  • 2002
  • 2003
  • 2003
  • 2005
  • 2006
  • 2006
  • 2007
  • 2008
  • 2009
  • 2009
  • 2010
  • 2011
  • 2012
  • 2012
  • 2013
  • 2015
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019

1985

SM’s first mall, SM North EDSA, is opened at a time when the country was in a state of political and economic turbulence.

1991

The opening of SM Megamall spearheaded what is now known as the malling phenomenon in the Philippines.

1993

SM City Cebu is the 1st Provincial Mall launched in the Visayas region.

1994

SM Prime was incorporated in January as a mall operator; subsequently, went public in July of the same year.

1995

SM Southmall is the 5th mall opened and is the 1st mall in the South of Metro Manila. It featured Storyland, the 1st indoor themepark

2000

SM City Pampanga is the 10th mall opened by SM Prime and is the 1st mall in Central Luzon.

2001

SM City Davao is the 1st mall that was opened in Mindanao Region.

2001

SM City Xiamen is the 1st SM mall in China.

2002

Highlands Prime, Inc. (HPI) launched Woodridge Place, its 1st Leisure Residences in Tagaytay Highlands.

2002

SM Prime won 1st Place – Best in Corporate Governance in the Asset Awards.

2003

SM City Baguio is the 1st mall opened in Northern Luzon.

2003

SM Hotels and Convention Centers (SMHCC) re-opened Taal Vista Hotel in Tagaytay.

2005

HPI launched The Horizon, its 1st condominium project in Tagaytay Midlands.

2006

Mezza Residences is the 1st high-rise condominium project of SM Development Corporation (SMDC).

2006

SM Mall of Asia is the anchor development in the 60-hectare reclaimed property popularly known as Mall of Asia Complex.

2007

SM Prime acquired three malls in China, namely, SM City Xiamen, SM City Jinjiang, and, SM City Chengdu.

2008

Costa del Hamilo, Inc. (CDHI) launched Pico de Loro, a 50-hectare residential resort village in Nasugbu, Batangas.

2009

SMDC launched Wind Residences, its 1st condominium project in Tagaytay.

2009

Mall of Asia Arena, an indoor arena which can accommodate a seating capacity of 15,000, with a full-house capacity of 20,000, is part of the Lifestyle City development in Mall of Asia Complex.

2010

SMHCC opened Radisson Blu Cebu, a 5-star hotel which is a few minutes away from the Mactan Channel.

2011

Pico Sands Hotel, a seven storey, 154- room hotel, located in Pico de Loro Cove, was launched by SMHCC in 2011.

2012

The Commercial Property Group (CPG) launched the TwoE-com Center, a PEZA-certified office building in Mall of Asia Complex.

2012

SMHCC launched Park Inn Radisson Davao in 2012. It is conveniently connected to SM Lanang Premier Mall and the SMX Convention Center in Davao.

2013

SM merged and consolidated its property assets under SM Prime, creating an integrated property developer with interests in malls, residences, offices, hotels and convention centers.

2015

In order to address the growing demand for office space, CPG launched the FiveE-com Center in 2015.

2015

SM Seaside City Cebu is the anchor development in a 30-hectare reclaimed land in the South Reclamation Project.

2016

Cheer Residences, the 1st condominium project in Marilao, Bulacan, was launched by SMDC in 2016.

2017

SM Prime became the 1st Philippine publicly listed company to breach the PHP1 Trillion Market Value.

2018

CPG launched ThreeE-com Center, its 1st certified LEED Gold office building in the Mall of Asia Complex.

2019

SM Prime celebrated its 25th year anniversary as a listed company. The Management commemorated its listing anniversary with a ceremonial ringing of the bell at the Philippine Stock Exchange.