P 5 billion lang...that's chicken feed to SM...

In case Taguig succumbs to the BCDA demands or any Palace-military pressure and conveys the contested properties back to BCDA or any third party, SM itself has another layer of protection.

As provided in the lease contract with Taguig, SM Prime Holdings has the first option to exercise right of first refusal to purchase the land, which Casanova, with an eye towards an amicable solution, already valued at P5 billion.