MANILA, Philippines—Tycoon Henry Sy’s Prime Holdings Inc. is set to open on Friday (October 2) its 35th shopping mall in the Philippines—a 32,387-square meter brand new complex on Alabang-Zapote Road in Las Piñas.

SM Center Las Piñas, which is located in Barangay (Village) Talon, Pamplona, is SM Prime's second mall in Las Piñas City after SM City Southmall.

"With its vibrant economy and eco-friendly environment, Las Piñas provides a good venue for SM malls as we see a huge potential for growth and progress in the city," SM Prime president Hans Sy said in a disclosure to the Philippine Stock Exchange.

Las Piñas City is consistently recognized as one of the cleanest and greenest cities in Metro Manila and in the Philippines. The city was included in the Philippine Cities Competitiveness Ranking Project of the Asian Institute of Management.

The disclosure noted that Las Piñas was also internationally acclaimed for its love for the arts and music with its celebrated Las Pinas Boy's Choir and the historic Bamboo Organ, the only musical instrument of its kind in the world housed in Las Pinas Church.

The anchor tenants of the new mall are SM Hypermarket, Ace Hardware, Watsons, and Banco de Oro-Unibank. Other tenants include Jollibee, Savory Chicken, The Old Spaghetti House, and Inasal Chicken Bacolod, among others.

SM Supercenter Las Piñas also provides parking slots for over 500 vehicles and a terminal for public utility vehicles.

This brings to 35 the total number of SM Prime malls all over the country, with a combined gross floor area of 4.4 million sqm. It is the second SM mall to be opened in the Philippines this year after SM City Naga in Camarines Sur, which was inaugurated last May.

In addition, SM Prime also completed and unveiled earlier this year three expansion projects, namely the Sky Garden at SM City North Edsa, the SM City Fairview Annex, and the extension of SM City Rosales in Pangasinan.

Before the year ends, SM Prime is scheduled to open SM City Rosario in Cavite, thus closing the year with 36 local shopping malls. In addition, it has three shopping malls in mainland China.