MANILA (Reuters) - Philippines' SM Prime Holdings Inc is pushing back the timing of its plan to raise at least $1 billion through a listing of its real estate investment trust unit this year, its president said on Tuesday.

A listing this year will be unlikely given market conditions, but the company has enough capital to finance its expansion projects, SM Prime President Jeffrey Lim said in news conference.

(Reporting by Neil Jerome Morales; Editring by John Mair)