PROPERTY giant Ayala Land, Inc. (ALI) said it would ramp up the launch of residential projects for the remainder of the year to be able to hit its P90- to P100-billion target for 2017.
“We’re trying to launch P90 billion [worth of residential projects] this year…I guess to a certain extent, the demand took us by surprise. In this first quarter [it] was only P10 billion, second quarter another P20 billion, so only about P30 billion [altogether],” ALI Chief Finance Officer Augusto Bengzon told reporters on the sidelines of COL Financial’s property market briefing held in Pasig City over the weekend.
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