A familiar landmark in Bonifacio Global City (BGC) is set for a new chapter as Market! Market! secures a lease extension through 2040 alongside plans for a ₱1-billion modernization program. The agreement between the Bases Conversion and Development Authority (BCDA) and Ayala Land Inc.-led Station Square East Commercial Corporation (SSECC) will allow the operator to continue running the property for another 12 years and seven months beginning June 5, 2027. The extension comes with a commitment to modernize Market! Market! and prepare the property for its future role as a retail and mobility hub.
Market! Market! Gets a New Chapter in BGC
Market! Market! has long been one of the recognizable commercial destinations in BGC, serving shoppers, workers, residents, and commuters. Under the new agreement, SSECC will invest ₱1 billion in capital improvements aimed at transforming the property and strengthening its connection with BGC's evolving transportation network. The lease extension also secures the continued operation of the mall beyond its previous lease expiration in June 2027. For visitors familiar with Market! Market!, the planned modernization could mark a significant new phase for a destination that has been part of BGC's development for more than two decades.
Preparing for the Metro Manila Subway
One of the biggest changes connected to the modernization is the planned integration of the Metro Manila Subway Project. The future Bonifacio Global City Station is planned within the Market! Market! property, making the commercial center part of a major future mass-transit connection in the district. Because the original Market! Market! development was designed before the subway infrastructure was incorporated into BGC's plans, the modernization will include adjustments to accommodate the future railway connection.
This means Market! Market! is being planned not only as a shopping destination but also as a place where different forms of transportation can connect.
From Shopping Center to Retail and Mobility Hub
The modernization program is expected to reposition Market! Market! as an integrated retail and mobility hub. Part of the plan involves transforming a portion of the property's Central Plaza into a transit-oriented space designed to improve connections between different modes of transportation. The concept reflects the property's original development vision. Market! Market!'s 2000 master plan described the site as a “Convergence Square,” bringing together retail, public transportation, open spaces, and civic functions.
More than two decades later, the planned subway connection gives that original concept a new transportation dimension.
