SM Supermalls President Steven Tan has made waves in the international business scene by being honored by GuanDian, the leading supplier of industry information and data in China, with the "Award for Most Prominent Commercial Real Estate Contributor of the Year" at the 2024 GuanDian Commercial Annual Meeting's "Performance Index: 2024 Commercial Real Estate (CRE) Performance" in Shanghai, China, on October 31, 2024. This recognition highlights Tan’s exceptional leadership and significant contributions to the commercial real estate industry.
SM Supermalls prioritizes adapting to evolving customer needs and gaining competitive edges through localized operations. Tan emphasized, “SM Malls are hubs where communities thrive, where people come together, connect, and experience a shared sense of belonging. We are creating real, lasting impact that helps build stronger, more inclusive communities where everyone belongs.”
Tan has been instrumental in the growth and innovation of the mall chain, both in the Philippines and China. Under his leadership, SM successfully navigated the challenges of the pandemic and emerged stronger than ever. His innovative strategies, such as adapting the tenancy mix, creating new experiences, and embracing omnichannel services, have resonated with modern shoppers. As a result, SM surpassed pre-pandemic performance and continues to expand its footprint with new malls in both countries. Tan's exceptional leadership has been recognized internationally, earning him prestigious awards such as the 2021 Asia's Most Influential by Tatler Asia and the 2022 Global Filipino Executive of the Year.
SM China makes the GuanDian performance index
The GuanDian Index Research Institute’s "Performance Index: 2024 Commercial Real Estate Performance" recognized SM China, a subsidiary of SM Prime Holdings, Inc. (SM Prime), for its outstanding performance in operations, management, branding, and innovation, following extensive field research, surveys, and corporate interviews.
In 2024, SM China actively pursued its strategy of "Deepening Roots in Fujian, Expanding Across China." This included introducing the voco brand in Fujian through the SM Xiamen voco Hotel, completing the SM International Center, breaking ground on SM City Fuzhou, and opening SM Xiamen Wong Street.
SM Prime currently operates eight malls in China: SM City Xiamen, SM City Jinjiang, SM City Chengdu, SM City Suzhou, SM City Chongqing, SM City Zibo, SM City Tianjin, and SM City Yangzhou.
GuanDian, the leading provider of industry information and data analysis in China, is renowned for its annual "Performance Index: 2024 Commercial Real Estate (CRE) Performance" list. This list recognizes remarkable performance in the commercial real estate industry based on rigorous research and analysis. Past honorees include prominent figures such as HuiXian Real Estate Investment Trust (REIT) Chief Executive Officer Cheung Ling Fung, China Merchants Property Operation Chairman Nie Liming, and CR MixC Lifestyle President Yu Linkang, highlighting the significance of this award.
This award reflects SM Supermalls' unwavering commitment to excellence and innovation. As SM continues to expand its footprint both locally and internationally, the company remains dedicated to delivering exceptional shopping experiences and building stronger community ties.
To learn more about SM Supermalls’ global impact, visit www.smsupermalls.com, or follow @SMSupermalls on social media.