Ayala Land to invest $1.6b in 2014
Philippine property giant Ayala Land has set aside around $1.6 billion for its capital expenditures in 2014 to support landbanking and project developments. The property arm of the Ayala conglomerate is banking on the strong economic growth to prop up earnings in all its business segments, The Philippine Star reported.
In 2013, Ayala Land has launched 69 new projects worth almost $3 billion. The company’s five residential brands rolled out a total of 12,196 units during the nine-month period until September with total sales value of $1.16 billion.
The Philippine property sector is backed by macroeconomic fundamentals that remain strong, highlighted by continuous growth of gross domestic product, consumption, business process outsourcing (BPO) sector and tourist arrivals, the company said.
To date, Ayala Land is primarily into the development of residential projects, lease of commercial and office space and sale of prime lots. The company is also beefing up its recurring income portfolio through new hotels, convenience stores, department stores, supermarkets and hospitals.
The company is wrapping up its 5-10-15 programme, which was launched in 2009 amid the global financial crisis. It is a five-year plan ending in 2014 that aims to boost net income to $227 million and return on equity to 15 per cent.
Philippine property giant Ayala Land has set aside around $1.6 billion for its capital expenditures in 2014 to support landbanking and project developments. The property arm of the Ayala conglomerate is banking on the strong economic growth to prop up earnings in all its business segments, The Philippine Star reported. In 2013, Ayala Land has launched 69 new projects worth almost $3 billion. The company’s five residential brands rolled out a total of 12,196 units during the nine-month period until September with total sales value of $1.16 billion. The Philippine property sector is backed by macroeconomic fundamentals that remain strong,...
Philippine property giant Ayala Land has set aside around $1.6 billion for its capital expenditures in 2014 to support landbanking and project developments. The property arm of the Ayala conglomerate is banking on the strong economic growth to prop up earnings in all its business segments, The Philippine Star reported.
In 2013, Ayala Land has launched 69 new projects worth almost $3 billion. The company’s five residential brands rolled out a total of 12,196 units during the nine-month period until September with total sales value of $1.16 billion.
The Philippine property sector is backed by macroeconomic fundamentals that remain strong, highlighted by continuous growth of gross domestic product, consumption, business process outsourcing (BPO) sector and tourist arrivals, the company said.
To date, Ayala Land is primarily into the development of residential projects, lease of commercial and office space and sale of prime lots. The company is also beefing up its recurring income portfolio through new hotels, convenience stores, department stores, supermarkets and hospitals.
The company is wrapping up its 5-10-15 programme, which was launched in 2009 amid the global financial crisis. It is a five-year plan ending in 2014 that aims to boost net income to $227 million and return on equity to 15 per cent.
This a a great development for the Philippines that will provide opportunities for many people who have wanted to enter the property investment and real estate fields. Ayala should receive tons of support for this move.
I really don’t have doubt that Ayala is leading the real estate field in the Philippines. Looking forward for their project next year, this will gonna bring work opportunity, and advantages for Philippine economy. ^^