Ayala Land Inc., the real estate arm of the prominent Zobel de Ayala conglomerate, has posted a solid 15% growth in its net income for the first nine months of the year, demonstrating its resilience in the face of elevated interest rates. The company’s sales surged by over 25%, reflecting robust demand across its property development and commercial ventures.
“We are pleased with the solid results delivered across our business lines,” said Anna Ma. Margarita Bautista-Dy, President and CEO of Ayala Land. “With signs of market headwinds clearing, coupled with our reinvention initiatives, we look forward to continue delivering high-quality products.”
One of the standout figures in Ayala Land’s latest performance report is the sharp 34% rise in property development revenues, which reached a total of P76.6 billion. This impressive growth was largely driven by an uptick in bookings for both residential and commercial lots. The residential sector, in particular, saw a significant jump, with sales climbing by 35% to P64.2 billion. Meanwhile, revenue from commercial and industrial lots soared by an even more remarkable 51%, reaching P10.4 billion.
The strong sales figures translated to an average of P11.2 billion in revenue per month during the nine months, surpassing the previous year’s average of P9.5 billion. Total project launches for the period amounted to P45.6 billion, with a near-even split of 51% for vertical developments and 49% for horizontal projects.
In the third quarter, Ayala Land made several key launches, underscoring its commitment to expanding its portfolio with high-quality developments. Among the notable launches was AyalaLand Premier’s Orchard Vistas at Anvaya Cove in Bataan, which is set to offer luxury living amidst scenic surroundings. In addition, the Ayala Greenfield Estates *Brookside Park* in Calamba, Laguna, was introduced, providing high-end residential options with a focus on sustainability.
Avida, Ayala Land’s mid-market brand, also contributed to the company’s success with the launch of *Sentria Storeys Vermosa* in Cavite, a mid-rise condominium project designed to meet the growing demand for modern, affordable housing. Meanwhile, Amaia, the affordable housing division of Ayala Land, unveiled the second tower of *Amaia Skies Sta. Mesa* in Manila, offering more opportunities for homeownership in the city.
Despite the challenges posed by high interest rates and the broader economic environment, Ayala Land’s performance continues to highlight the success of its reinvention initiatives. These efforts have helped the company remain adaptable, tapping into new market segments while maintaining a strong foothold in its traditional core areas.
Looking ahead, Ayala Land is optimistic about the future, with Dy expressing confidence that the company is well-positioned to continue delivering strong results as market conditions improve. “We are excited to see signs of market headwinds clearing,” Dy said, “and we remain focused on executing our strategy to provide high-quality developments that cater to the evolving needs of our customers.”
The company’s ability to generate consistent growth and deliver significant profits despite external pressures is a testament to Ayala Land’s long-term vision and strategic approach. With ongoing investment in both residential and commercial projects, Ayala Land is positioning itself for continued success as the Philippine real estate market shows signs of recovery.
As Ayala Land moves forward with its development pipeline, it is likely to continue to leverage its strong brand, extensive experience, and commitment to quality to build on this momentum. Whether in high-end residential communities, commercial real estate, or affordable housing, Ayala Land remains a key player in shaping the future of the country’s real estate sector.
With its impressive financial performance and its diverse range of property offerings, Ayala Land looks set to maintain its leadership position in the Philippine real estate market for years to come.