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China Real Estate Association Secretary General Cai Yun (left) presents SM Supermalls President Steven Tan with the Award for Most Prominent Commercial Real Estate Contributor of the Year from GuanDian, the leading supplier of industry information and data in China. PHOTO FROM SM SUPERMALLS
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 Oct. 31, 2024.
SM Supermalls President Steven Tan receives top honors from GuanDian, the leading supplier of industry information, data and analysis in China, with the Award for Most Prominent Commercial Real Estate Contributor of the Year for his leadership impact and innovation. PHOTO FROM SM SUPERMALLS
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 emphasizes, “SM Malls are hubs where communities thrive [and] 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.”
An insightful keynote address on commercial trends is delivered by SM Supermalls President Steven Tan at the 2024 GuanDian Commercial Annual Meeting in Shanghai, China. PHOTO FROM SM SUPERMALLS
Tan has been instrumental in the growth and innovation of the mall chain — both in the Philippines and China. Under his leadership, SM has successfully navigated the challenges of the pandemic and has 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 has 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.
In photo is a rendering of SM Xiamen voco Hotel, SM’s first hotel in China in partnership with the InterContinental Hotels Group (IHG), which is scheduled to open in the second half of 2025. PHOTO FROM SM SUPERMALLS
SM China makes the GuanDian Performance Index
The GuanDian Index Research Institute’s Performance Index: 2024 CRE performance recognizes SM China, a subsidiary of SM Prime Holdings Inc., for its outstanding performance in operations, management, branding and innovation, following extensive field research, surveys and corporate interviews.
SM City Fuzhou, the SM Group’s first mall in Fuzhou City, breaks ground last September, signifying the beginning of the construction of the newest SM mall in China. PHOTO FROM SM SUPERMALLS
In 2024, SM China has actively pursued its strategy of “deepening roots in Fujian, expanding across China.” This includes 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.
SM City Yangzhou, the 8th SM mall in China, has opened in 2023 and features an indoor basketball gym, wall climbing, a stand-up comedy bar, an art gallery and an IMAX theatre. PHOTO FROM SM SUPERMALLS
GuanDian, the leading provider of industry information and data analysis in China, is renowned for its annual Performance Index: 2024 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 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.
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