Be part of our events specially organized for you. Become up-to-date on the latest promos and get the latest updates about your home.
THE MASS housing unit of Ayala Land, Inc. (ALI) plans to spend nearly P4 billion for the development of more residential projects in the next five years throughout the country, including in Metro Manila which the subsidiary has begun to penetrate, an official yesterday said.
Ayala Land has infused an additional P2.57 billion into Amaia Land Corp. for a total spending plan worth P3.5 billion to be used for land acquisition and construction until 2016, Amaia Land President Ricky M. Celis, said in a press briefing.
"We are looking at 50 projects and 100,000 units all over the Philippines within five years from next year," he said.
He said that while Amaia already has residential projects in the provinces, the firm would like to increase its presence in Metro Manila by 2012 after starting with two projects in the area this year.
"Next year, we are looking at three to six locations in Metro Manila," he said.
So far, the firm expects to generate P2.8 billion in revenues from its Amaia Steps mid-rise condominium in Novaliches in Quezon City, while P2 billion worth of revenues is likely to come from Amaia Skies Tower 1 high-rise condominium in Cubao, Nikie J. Lingad, head of project development for Vertical Projects at Amaia said in the same event.
The firm, she said, is spending P1.8 billion for the development of Amaia Steps Novaliches, while P1.4 billion is to be spent for the construction of Amaia Skies Tower 1.
"For Amaia Steps and Amaia Skies, we are targeting the ‘C' market, those who are earning P30,000 to P60,000 per month and can afford P8,000 to P12,000 amortization per month,"she said.
"For Amaia Steps, construction will start early next year, while its turnover will be in early 2013," she said.
As for Amaia Skies, she said, construction will start in the middle of next year and its completion is expected to be around 2015.
At present, Amaia has house and lot projects in the provinces of Laguna, Cavite, Nueva Ecija, Pampanga, Batangas and Negros Occidental.
Ayala Land currently operates four residential brands: luxury Ayala Land Premier, upper- and middle-income brand Alveo, affordable Avida, and economic housing Amaia.
Ayala Land shares last traded at P15.86 apiece yesterday, down slightly from Tuesday's P15.94 apiece.
Business World
26 October 2011
Amaia’s Excellerat3 Promo Launch
I am Amaia
More than just having a roof over one’s head, the general view is that home ownership is one significant step towards an improvement of economic and social... Read Article >
ALI named ‘best developer’ in Euromoney property poll
Ayala Land Inc. (ALI) bagged the “Best Developer in the Philippines” award in the recently... Read Article >
Ayala Land to report a ‘very good’ first quarter, eyes more projects this year
Property giant Ayala Land Inc. (ALI) is tracking continued growth in the first three months... Read Article >
It’s Dad’s Day at Amaia Scapes Laguna
June 16, 2012 Read Article >
Honoring Amaia Land’s Finest at 2012 Sales Rally
February 7, 2012 – Celebrating its 3rd year of booming sales take ups, Amaia Land gathered its sales channel in a night of grand festivity at the World... Read Article >
Amaia Land posts P595M in sales Companies
AYALA Land Inc.’s (ALI) initial foray into the low-cost housing sector is showing better-than-expected results. Read Article >
Amaia Land unveils 2 condo brands catering to low-middle-income bracket
Luxurious condo-living in Metro Manila need not cost sky-high with Amaia Land Corp.’s Amaia... Read Article >
JAZA: Ayala Corp will go into mass market
Known for quality products and catering to upscale consumers, Ayala Corp is embarking on a new business strategy. Read Article >
Ayala bares P90-b projects
Property giant Ayala Land Inc. said Wednesday it would spend P90 billion to double its residential and commercial projects across the country over the... Read Article >
Amaia Europe Road Shows
Amaia makes it possible for Filipinos around the globe to finally own the home they deserve. Read Article >
Ayala Malls introduces The District Cavite
Leading the path in building self-sustaining communities across the country, Ayala Land further strengthens its presence in the Southern Luzon region with... Read Article >
Congratulations Graduate!
Street Signs Launch at Amaia Scapes Laguna
The fiesta to end all fiestas comes alive at Amaia Scapes Laguna for its grand open house together with the celebration of another milestone for Amaia... Read Article >
Twin Homes Launch at Amaia Scapes Cavite
May 19, 2012 – Pahiyas was staged at Amaia Scapes Cavite. Read Article >
Amaia Skies Cubao to change QC skyline
A vibrant array of colors matched with a jovial mood from the crowd and a warm sunny weather made it very fun and festive, just the perfect way to celebrate... Read Article >
Bagong Bayani Bagong Bahay Promo
JAZA: The Philippines is in Great Shape
While nearly half of 1,258 chief executive officers polled worldwide believe the global economy will decline even further in the next 12 months, as indicated... Read Article >
2012 Semi-Annual Sales Awarding
Now on its second half of the year of the Two To Tango Promo! Read Article >
