If you always pass SLEX you will see this ad “Big Savings Outlet at Southwoods”. It just started last December 15, 2013 so when we went there last month, there are only two stores that are open.
One sells overrun stuff; you can buy something for as low as P100.
One store sells high end brand so expect that the price is not affordable. They have promo like buy 2 for P895, I was able to buy bag and scarf for P895. Most of the brand is available in S&R.
The Outlet is near Splash Island Resort.