Ayala Land Sets Bold Goal to Double Business by 2028

Ayala Land Inc., one of the Philippines’ premier property developers, has set an ambitious goal to double its business within the next five years. This plan, spanning from 2024 to 2028, was revealed by the company’s Chief Finance Officer, Augusto Bengzon, in a recent interview.

As of the first nine months of 2023, Ayala Land reported a net income of PHP 18.4 billion, reflecting a 38% increase year-on-year. This growth was supported by a 15% rise in consolidated revenues, reaching PHP 98.9 billion. The company’s strategies include aggressive capital expenditure to seize market opportunities and drive business growth.

Anna Ma. Margarita Dy, President and CEO of Ayala Land, expressed optimism about the company’s performance, indicating that 2023 ended on a high note. She anticipates that the positive trajectory will continue, given the overall improvement of the country’s economy in 2023.

This ambitious target reflects Ayala Land’s confidence in the Philippine real estate market and its potential for growth. The company’s planned investment and expansion strategies aim to capitalize on emerging opportunities and further cement its position as a leading property developer in the country.