Reports were piling up that SM brokers were the first to make deals with the lot KCC purchased in Iligan City. The strategic location, now fenced by the soon-to-be resident KCC Mall of Iligan (not the official name), was reportedly contested by the two mall developers aforementioned.

Several City Hall employees confirmed SM’s interest in the said property. One employee told MEB in an online interview that SM had been looking for properties in Iligan City as early as 2014.

However, property hunting is not uncommon for big real estate developers. Development enthusiasts call it ‘land-banking’, a strategic buying of properties for companies to develop in the future.

Land-banking of big developers has been observed in several cities in Mindanao. For example, SM had been reported buying properties in Koronadal. Ayala Land’s land-banking in Laguindingan is well-documented in the said company’s annual report. Those pieces of land owned by big developers do not necessarily become construction sites in the next few weeks.

Some sources attested that the said SM brokers had expressed serious interest in the KCC lot. Accordingly, what made them withdraw from buying property was the peace and order situation in the city.

Another City Hall employee assured that SM had already found her space in the dense downtown Iligan, but refused to mention the specific place.

“Basta sir dool ra sa Rob.” She told a MEB Editor last two weeks.

It can be recalled that residents of nearby area of Robinsons Place Iligan reported alleged SM’s business dealings in their properties.

Kiel Liam-as, 22 years old, a resident near Robinsons Place Iligan, verified the rumor. He claimed that some people from SM were on the process of buying their property. However, there has never been confirmation from SM’s end about making deals with real estate properties in Iligan City. Iligan was not even one of the cities to host the next four SM malls in Mindanao as published in various press release.

In most cases, big shopping mall developers veil business dealings, especially, in the area of land-banking.

If several sources from local government of Iligan were to be asked, the property KCC now owned was once eyed by SM. Its strategic location must have had looked like a crisp apple to several investors.



"
"
"
"
"
"
"
MEB
"
"
"
"
"
"
"
"
"
"
"
{{postRegion}}
{{postEntry.title}}
{{postDateReadable}}
{{city}}
" " " "

{{content.content}}

Recommended
{{content.title}}
{{content.snippet}}
"
PHOTO
{{content.caption}}
Be Our Sponsor
You can support Mindanao Economic Boom and our cause to spread awareness about Mindanao's incredible tourism potential and economic opportunities!
09973264950
Other Ways To Send Your Support? Learn More
"

{{content.content}}

Be Our Sponsor
You can support Mindanao Economic Boom and our cause to spread awareness about Mindanao's incredible tourism potential and economic opportunities!
09973264950
Other Ways To Send Your Support? Learn More
{{post.region}}
{{post.title}}
{{hashtag}}
{{post.snippet}}...
"
Top Rated
{{post.title}}
{{post.snippet}}
"
{{bannerTitle}}
{{bannerAbout}}
₱{{grdpData.value}}{{grdpData.unit}}
"
GDP
As of 2022, at constant 2018 Prices
{{population.value}}{{population.unit}}
"
Population
As of May 5, 2021 Census
MEB
See what's the latest development updates in Mindanao
" " " "
"
Zamboanga Region
"
Northern Mindanao
"
Davao Region
"
SOCCSKSARGEN
"
CARAGA
"
BARMM
"
Airports
Explore the Latest Upgrades and Innovations in Mindanao's Airports
"
Seaports
Discover How Seaports are Anchoring Mindanao's Economic Prosperity
"
Shopping Malls
Explore the Evolution of Shopping and Entertainment Centers in Mindanao
"
Travels
Unlock the Wonders of Mindanao with Expert Travel Guides
"
Railways
Journey Through the Latest Railway Developments in Mindanao
"
Bridges
Follow the Journey of Building Bridges that Bring Mindanao Together
"
Roads
Explore the Ongoing Transformation of Roads and Highway Across Mindanao
"
Search results for {{searchKeyword}}
Sorry, we could not find anything about your search.
"
This post is trending
{{post.region}}
{{post.title}}
{{hashtag}}
{{post.snippet}}...
"
{{post.timeAgo}} • {{post.createdAt}}
Reach Out
Do You Sell Products Made In Mindanao?
Bring pride to our motherland letting the whole world know what we offer!
Sell Now
{{pageTitle}}
{{htmlContent}}
Marketplace
Sell With Mindanao Marketplace
Discover a world of Mindanao's finest creations through the Mindanao Marketplace – a captivating online platform where you can freely explore an array of products originating from the Philippines' vibrant southern region.
From exquisite handicrafts to mouthwatering delicacies, we design Mindanao Marketplace to showcase the vibrant colors, textures, and stories of Mindanao.
Through this project, we aim to bring the intricate craftsmanship Mindanao-authentic flavors to the whole world!
A Free Listing
It's a free listing for our merchants in Mindanao, ensuring that the spotlight remains on the products and the stories they carry.
This unique marketplace offers a diverse range of items across various categories, each a testament to the rich culture and craftsmanship of the Island.
The Mindanao Marketplace doesn't just offer products; it's a part of a larger movement – the Mindanao Economic Boom.
Seamlessly integrated with this initiative, your Mindanao Products will show up on our blogs, a testament to the region's growth and development.
Imagine reading a MEB article about the economic developments of a specific region, and being able to explore products from that very region.
The Mindanao Marketplace will be a dynamic way to engage with the economic progress of Mindanao while also indulging in its rich offerings.
With its vibrant categorie s, passionate vendors, and seamless integration with the Mindanao Economic Boom blog, the marketplace offers an all-encompassing experience that celebrates Mindanao's growth and its treasures.
Register Now
Fill out this Form to register! Make sure to provide your email address so that we can contact you with any updates.
https://forms.gle/5ERPPXLaK9ean1kF6
Sponsorship
Be Our Sponsor
With our mission is to shed light on the incredible tourism potential and economic opportunities that Mindanao holds, your sponsorship would be of great help.
By becoming a sponsor of Mindanao Economic Boom, you're not just supporting a blog – you're contributing to a cause.
Your generous sponsorship helps us continue our mission of showcasing the positive side of Mindanao, helping to dispel misconceptions and promote economic growth and tourism in the region.
Be Our Sponsor
You can support Mindanao Economic Boom and our cause to spread awareness about Mindanao's incredible tourism potential and economic opportunities!
09973264950
Other Ways To Send Your Support? Learn More
Mindanao is on the cusp of an economic boom, and your support fuels our efforts to report on the latest developments, investments, and opportunities in the region.
Your contribution directly aids in the growth and prosperity of Mindanao.
Get Recognized
As a valued sponsor, your organization will be prominently featured in our "Monthly Sponsors" section on our website. This provides you with high visibility among our dedicated readership and a strong connection to our mission.
Other Ways To Send Your Support
You can contact us through our email address tellusmebph@gmail.com for more information as to how you send your support such as bank transfers, cheque, etc.
Your sponsorship directly contributes to building a positive image of Mindanao. Through our content, we highlight the region's success stories, its rich culture, and its hidden gems, attracting a global audience and changing perceptions.
Mindanao is on the cusp of an economic boom, and your support fuels our efforts to report on the latest developments, investments, and opportunities in the region. Your contribution directly aids in the growth and prosperity of Mindanao.
"
Airports
Explore the Latest Upgrades and Innovations in Mindanao's Airports
"
"
Seaports
Discover How Seaports are Anchoring Mindanao's Economic Prosperity
"
"
Shopping Malls
Explore the Evolution of Shopping and Entertainment Centers in Mindanao
"
"
Travels
Unlock the Wonders of Mindanao with Expert Travel Guides
"
"
Railways
Journey Through the Latest Railway Developments in Mindanao
"
"
Bridges
Follow the Journey of Building Bridges that Bring Mindanao Together
"
"
Roads and Highways
Explore the Ongoing Transformation of Roads and Highway Across Mindanao
"