Towering expectations in 2022

Despite the economic slump due to COVID-19, the country’s real estate sector has developed into one of the most robust, stable and lucrative markets

Almost every economic prognosis has been confounded by the COVID-19 pandemic. Many stores, restaurants and businesses had to shut down temporarily, causing massive job losses. Even the stock market reeled.

The Philippine real estate market, however, seems to be relatively resilient to significant cyclical fluctuations. It has developed into one of the most robust, stable and lucrative markets in the country. Despite concerns about investment forecasts, leading real estate firms are continuously ramping up efforts to boost their inventories and property prices throughout major locations.

AYALA LAND’S LIFESTYLE SPRAWL

Ayala Land is one of the most recognized property developers in the Philippines, with a diverse portfolio of sophisticated residences, as well as sustainable, masterplanned developments that incorporate lifestyle design features.

Ayala Land saw its consolidated net income grow by 35 percent to P8.6 billion in the first nine months of 2021, as corporate operations improved despite the imposition of stricter quarantine restrictions in the third quarter.

Additionally, it launched four additional projects worth P13 billion in the third quarter alone. One of these is the 4C Tranche 1 of Ayala Greenfield Estates, a 350-ha community development in Calamba, Laguna, surrounded by the natural grandeur of Mount Makiling, Tagaytay Ridge, Laguna de Bay, and the Laguna Plains.

Also launched was the Phase 2 development of Lanewood Hills, a community township in Silang, Cavite. This is being developed via a partnership between by Ayala Land and Cathay Land. The exceptional position of this property puts it near the growing Nuvali estate as well as Tagaytay’s recreational districts.

The third project is Avida Land’s 32-story Centralis Towers, located along Taft Avenue in Pasay City. It follows the extremely successful three-story Avida Towers Prime Taft.

Finally, the mid-rise condominium complex Amaia Steps Pasig Clara, set to rise on a 4.5ha lot in Barangay San Miguel, Pasig City, was also launched. This latest offering from Amaia formed part of an expansion that was meant to accommodate more homeowners, mostly young professionals with growing families.

Ayala Land also formed a consortium with SM Prime Holdings Inc. and Cebu Holdings Inc. to develop the 26-ha South Coast City in Cebu. The said project is anticipated to help in Cebu’s economic recovery efforts by further strengthening the region’s offerings with new jobs and investment opportunities.