Ayala Land Premier to launch 3 dev’t locations this year

Ayala Land Premier, the luxury development arm of Ayala Land Inc., is launching three development locations this year banking on its results in the high-end property market.

“We are launching three more new locations this year,” Ayala Land Premier head of sales and marketing Paolo Viray told reporters in a press briefing in Makati City on Wednesday.

The company has 28 luxury projects across 11 locations in the country.

Viray noted that Ayala Land Premier is investing P10 to P15 billion on average for each of the new location to be launched this year.

The company has secured the sites and is now in talks with partners.

“The permitting process takes about six months before we can launch it ... We’re still planning it,” Viray said.

Ayala Land is banking on the P2.6 billion in sales it generated from the first premium tower residences in Davao City.

Ayala Land booked a net income of P25.3 billion in 2017, up 21 percent  from P20.9 billion in 2016. —VDS, GMA News