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SM Prime to open redeveloped Iloilo markets this month
SM Prime Holdings, Inc. is set to fully open the redeveloped SM Iloilo Terminal Market and SM Iloilo Central Market by the end of November, following a P3-billion redevelopment project.
These public markets were redeveloped under a public-private partnership with the Iloilo City government and broke ground in 2023.
The combined redevelopment covers a total gross floor area of 62,000 square meters.
The SM Iloilo Terminal Market can now accommodate 1,160 vendors, an increase from 911, and the SM Iloilo Central Market has a capacity of 859 vendors, up from 529.
SM Prime President Jeffrey C. Lim stated that the project is a commitment to MSME development and supporting Filipino entrepreneurs, rather than a business expansion.
The markets are situated within Iloilo City's Cultural Tourism Heritage Zone and Historic Center, aiming to preserve the area and boost tourism.
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