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Ayala Land on track to hit P45B sales target

[ ] April 14, 2011
Ayala Land Inc. said it is on track to achieve its reservation sales target for the year.
"(We’re) basically on track to (achieve) the P45 billion to P50 billion level," Bernard Vincent Dy, Ayala Land Inc. senior vice-president, said in a press briefing yesterday.
For the first quarter, Dy said, the company’s reservation sales reached P10 billion for 3,000 units.
"This is about a quarter higher than what we saw in the fourth quarter of 2010," Dy said.
Antonino Aquino, Ayala Land president, said: "Insofar as the sales take-up is concerned, it continues to be very healthy, and we are confident how the year will be progressing."
"There will be sustainability to the growth trajectory... we are on track based on indications we had in the first three months of the year," he added.
Dy said that over the first quarter period, the company saw a "fairly strong take-up" across all brands.
Aquino also said that over the year, the company will be launching 70 new projects worth P82 billion.

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