Property giant Ayala Land Inc. (ALI) expects to meet its targets for the year with the establishment of two more townships in the country.
The company plans to launch a 10-hectare mixed-use development in Metro Manila and another township which is at least 100 hectares outside the Metropolis, Anna Ma. Margarita Dy, vice president and head of ALI Strategic Landbank Management Group, said in a press briefing last week.
“We have about two more planned this year, but there is certain permitting that needs to happen. But probably one in Metro Manila, and another one outside Metro Manila at least in Luzon,” Dy said.
Early this year, the company launched the 11-hectare Cloverleaf in Balintawak, Quezon City and Capitol Central in Bacolod City.
ALI is currently in 45 growth centers across the country, including the Arca South in Taguig City, Vertis North in Quezon City, and Alviera in Pampanga.
“There is a lot of other things to be done. We’re planning this year but there are some dependencies that should be finalized. But hopefully this year, [we’ll be able to launch],” she added.
The masterplan for both projects are still in progress, but the 10-hectare Metro Manila project will be a vertical development while the more than 100-hectare project in Luzon will be a horizontal township with the usual components of residential, office and retail malls, Dy said.
The vertical mixed-use development will encompasses a five- to 10-year masterplan, while the 100-hectare Luzon project will be developed for at least 10 years.
“We’ll still see. We haven’t finalized yet. But usually, at least two [of our residential]brands come in, at the very least [for each township project],” Dy said, noting both developments will happen in phases.