The Arena officially opened on May 21, 2012, it has a seating capacity of 15,000 for sporting events and a full house capacity of 20,000. The indoor arena stands on a 16,000 m2 (170,000 sq ft) had a floor area of 52,000 m2 (560,000 sq ft). 

The SM Mall of Asia Arena was designed by the architecture firm Arquitectonica. The facility was intended primarily as a venue for the concert and basketball games but can be reconfigured to accommodate other sporting and entertainment events as well.

The SM Mall of Asia Arena is the first event venue in the whole of Southeast Asia to introduce the Premier Suites. The Premier Suites, more known as executive or luxury boxes in arenas in the US, are located at the third level. 

The luxury box has a total of 41 suites. The suites are furnished with their own restroom, a minibar, a glass-paneled viewing deck complete with plush theater seats, comfortable furnishings, cable TV, and own butler services. It also has a private restaurant, the Premiere Café + Lounge, serves patrons of the luxury box.

According to mallofasia-arena.com and Wikipedia.