But I was wrong, and have realized only after reading the story about SM's new project! This was in news WORLDWIDE and in various news online.
"THE world’s third biggest shopping mall opened in Quezon City on the 12th of December '08, a vote of confidence in the Philippines’ economic prospects amid a global slowdown, its owners said yesterday.
The launch of its 90,000-square-meter annex will make the SM City North the third biggest in the world with a gross floor area of 425,000 square meters, SM Prime Holdings Inc. said in a statement.
The company, a holding firm of Henry Sy, the Philippines’ richest man, also owns the world’s fourth, seventh, and 11th biggest malls: SM Mall of Asia in Pasay City, SM Megamall in Mandaluyong City, and SM City in Cebu".
To read more stories, click these links: SM To Open World's Third-Biggest Mall, World's Third Largest Mall to Open in Philippines, World's Third-Largest Mall to Open in Edsa, SM North Edsa Dethrones Mall of Asia as RP's Biggest, SM Prime Eyes Loan for Capex, SM Firms Form Consortium.