Ayala Land, Inc. (ALI) has earmarked P85 billion for its 2023 capital expenditure (capex) budget, which it will mainly use to fund the development of four more property estates.
AYALA LAND, Inc. has earmarked P85 billion for its 2023 capital expenditure budget, which it will mainly use to fund the development of four more property estates.
The remaining funds will be used for other expenditures, including those for malls, offices, hotels and resorts. “We feel very [positive] for 2023. Expect us to continue to invest in all our business strengths that we are trying to grow not only in 2023 but also beyond 2023,” Mr. Dy said. Mr. Bengzon said the rise was due to strong investor demand in its Arca South, Nuvali, and Broadfield estates.
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