By Ted P. Torres (The Philippine Star) | Updated September 21, 2015 - 12:00am
MANILA, Philippines - The Ayala Land Group leads the pack in the property development sector with township projects in 25 additional cities, according to a real estate consultancy firm.
Armed with double-digit earnings, liquid financial market, and incisive analysis of different real state markets and segments, Ayala Land continues its aggressive push in property development.
Pinnacle Real Estate Consulting Services Inc. said Ayala Land is developing Alviera, a 1,100-hectare large-scale master-planned development in Porac, Pampanga.
Likewise, it is redefining the Balitawak-Quezon City landscape and skyline with the development of the 11- hectare property.
It is also developing Vermosa, a 700-hectare area that spans the cities of Dasmariñas and Imus in Cavite.
In addition, the Ayala Land Group is boosting its usual residential developments catering to all segments of the market, including socialized housing. It is also increasing its office, shopping center, hotel portfolio and education projects.
Riomonte, the newly-introduced residential development in Nuvali will offer a total of 884 lots to potential buyers. This project will have an average of 10 lots per hectare, or only about 160 homes in each pocket of neighborhood.
The Ayala Group is also partnering with other players.
It signed a joint venture deal with GT Capital Holdings Inc. to develop a 45-hectare township along Laguna Boulevard in Biñan, Laguna.
The Group also jointly plan with the SM Group the development of a 26-hectare property in South Road Property (SRP) in Cebu City, which will subsequently be divided equally after the master plan has been completed.