LISTED property developer IRC Properties Inc. said it has sold a six-hectare parcel of land in Binangonan, Rizal to a subsidiary of Ayala Land Inc. (ALI) for about P30 million.

IRC Properties chairman Esteban Pena Sy told The Manila Times that Amaia Land Corp. has acquired an initial six hectares from IRC’s 2,200-hectare property in Binangonan, Rizal.

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