Ayala Land’s income buoyed by premium residential sales, thanks to first-time buyers, entrepreneurs

'When we take a look at the buyers, we actually have a fair amount of first-time buyers in our premium segment, which tells us that our buyer pool is expanding,' says Ayala Land president and CEO Anna Ma. Margarita Bautista-Dy

This is AI generated summarization, which may have errors. For context, always refer to the full article.'When we take a look at the buyers, we actually have a fair amount of first-time buyers in our premium segment, which tells us that our buyer pool is expanding,' says Ayala Land president and CEO Anna Ma. Margarita Bautista-Dy

ALI president and chief executive officer Anna Ma. Margarita Bautista-Dy said its residential segment “outperformed expectations.” Dy said in a February briefing that they are allocating P100 billion to develop their residential property segment this year, 80% of which would be dedicated to developing their premium brands such as Alveo Land and Ayala Land Premier , and 20% will be for core brands Avida and Amaia.

“Actually worth noting here…a lot of our buyers are actually business owners and I think that’s a testament to the strength ofAyala Land said it is “hitting its growth targets across all business lines and market segments” in the first six months of 2024.

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