Ayala Land Inc. on Wednesday said it will launch four new estates to expand its portfolio as the company is confident that the real estate sector will bounce back this year. Know more:
Ayala Land Inc. on Wednesday said it will launch four new estates to expand its portfolio as the company is confident that the real estate sector will bounce back this year.
Jaime Augusto Zobel de Ayala, Ayala Land chairman, said the company is looking to spend P15.2 billion for the initial development of the two estates over the next few years. The 92-hectare Areza is Ayala Land’s first estate in the province of Batangas and is eyed to be Lipa’s new downtown. It comprises commercial, retail and institutional establishments geared to harness the province’s strength in agriculture, manufacturing and tourism.
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