A significant transformation is coming to SM City Iloilo, poised to redefine the shopping and lifestyle landscape of Western Visayas. A P2.3-billion redevelopment project is underway, aiming for completion by the first quarter of 2026, promising a revitalized destination for both locals and visitors.
The ambitious plan will inject 7,900 square meters of new gross leasable area into the mall, dramatically expanding the retail and dining experiences available. This isn’t simply about adding space; it’s about curating a more dynamic and engaging environment for shoppers.
Expect a wave of exciting new concepts, including dedicated zones for athleisure and entertainment. Game Park, Fantasy World, Decathlon, TGI Friday’s, and Chili’s are just a few of the additions designed to cater to a diverse range of interests and preferences.
Beyond the shops and restaurants, the redevelopment focuses on enhancing the overall mall experience. Upgrades include innovative motion sensor escalators, a stunning expanded skylight, and a more convenient multi-level car park, all designed with the customer in mind.
The project extends beyond the mall itself, with a substantial 23,670 square meters dedicated to a new National University campus adjacent to the property. This strategic placement is expected to significantly increase foot traffic and create a vibrant hub of activity.
Sustainability is also a key focus, with the integration of eco-friendly features like rooftop solar panels and advanced daylighting systems. These initiatives demonstrate a commitment to responsible development and a greener future.
According to company leadership, SM Iloilo has consistently been a catalyst for regional growth, and this investment is intended to amplify that impact. The goal is to create a truly integrated and future-ready destination for the entire province of Iloilo.
Originally opened in 1999 as the eighth SM Supermall, SM City Iloilo has undergone previous expansions in 2009 and 2016. It has evolved into the second-largest shopping mall in the Western Visayas region, solidifying its importance to the area.
This Iloilo redevelopment is part of a larger P150-billion plan encompassing 16 mall redevelopments and 12 new lifestyle malls nationwide. Other key projects in the pipeline include SM Megamall, SM North EDSA, and SM City Seaside Cebu.
The company recently reported an 8% increase in third-quarter net income, reaching P12.8 billion, with malls contributing significantly to the overall revenue. This positive financial performance underscores the strength and potential of its retail portfolio.
