Shang Properties profit plunges in 2025

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April 30, 2026 | 12:00am

MANILA, Philippines — Luxury real estate developer Shang Properties has acknowledged that current geopolitical uncertainties, if prolonged, could impact its performance, following a 2025 profit plunge of more than half.

Shang Properties said the geopolitical tensions in the Middle East, which increased volatility in global markets and disrupted certain trade routes, continue to evolve and may affect the company’s future performance and financial position, depending on the duration of the conflict and its wider economic effects.

“Management will continue to monitor developments and will reflect any material impacts in future reporting periods,” it said.

Lower turnover in condominium sales and lower fair-market-value gains from investment properties pulled down Shang Properties’ attributable profit by 57 percent to P4 billion in 2025 from P9.3 billion in 2024.

The company posted a 2.65-percent decrease in turnover to P11.3 billion in 2025 from P11.6 billion a year ago, mainly due to lower revenue from condominium sales.

Shang Properties said there was an increase in the number of units sold for newly launched projects such as Shang Summit and Shang Bauhinia Residences, but this was offset by the decrease in sales of Shang Residences at Wack Wack.

Other income decreased by P5.2 billion, mainly due to a decline in fair market value gains from investment properties compared with the previous year.

The company recorded an increase in finance costs of P58.8 million, mainly due to a higher bank loan balance.

Total liabilities rose to P36.5 billion in 2025 from P34.5 billion in 2024, mainly due to an increase in bank loans  amounting to P1 billion and a rise in tenant deposits of P595 million.