SM Prime unveils P7-B 'Crystal Islands' makeover for Megamall

MANILA, Philippines — SM Prime Holdings Inc. will invest P7 billion ($122 million) to redevelop SM Megamall in Mandaluyong City, adding new retail space, energy-efficient systems and mobility upgrades.

In a disclosure dated Monday, August 12, the company said the multi-phase project is scheduled for completion between 2027 and 2029. UK-based architectural firm Benoy, known for Singapore’s Jewel Changi Airport and Bangkok’s Icon Siam, will design the project.

The new design will follow a “Crystal Islands” concept, emphasizing natural light, open spaces and organic forms. It will add 20,000 square meters of gross leasable area, themed retail zones, and “improved mobility features and energy-efficient systems.”

“The addition of themed retail zones and intuitive wayfinding is designed to make the mall more accessible, while encouraging visitors to explore and discover new experiences throughout the expansive complex,” SM Prime said.

Other upgrades. The redevelopment will include a new four-level basement parking facility with more than 1,600 slots, expanded walkways and modernized vertical transport to improve circulation. Plans also call for relocated cinemas, a new Megatrade Hall, a redesigned food court, and upgraded common areas and restrooms.

Green features. The design will integrate a rainwater harvesting system with a 500-cubic-meter capacity and upgraded mechanical systems to cut energy use. ETFE roofing, skylights and clerestory windows will maximize daylight and reduce cooling costs.

Energy-efficient LED lighting and sensor-activated escalators are expected to deliver energy savings of up to 50% and 30%, respectively. Solar panel installations are also under review as part of SM Prime’s broader carbon reduction program.