Ayala Land to launch P70 billion worth of projects in 2nd half of 2017
August 28, 2017 – PROPERTY developer Ayala Land Inc. is set to launch between P60 billion and P70 billion worth of projects during the second half of the year, or more than half of the value of scheduled launches for the year.
Bernard Vincent O. Dy, Ayala Land president and CEO, said the company is ramping up its launches as its inventory level—or those available for sale of both new and ready for occupancy units—is now lower at about eight months’ worth.
The company said it launched some P10 billion worth of projects during the first quarter and P21 billion in the second quarter.
With a P100-billion target launches for the year, this means the company would have to introduce between P30 billion and P35 billion or more worth of projects per quarter.
“We want keep our inventory at a very tight range. We don’t want to launch and end up with a lot of inventory because it’s contingent liability,” Dy said. “We are deliberate on our launches we want to make sure that we are confident that those launches will be successful and there’ll be good take up on those launches.”
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