THE STILES ENTERPRISE PLAZA BANKS ON OFFICE SECTOR GROWTH MOMENTUM

Alveo Land, a subsidiary of Ayala Land Inc, one of the Philippines’ leading real estate developers, recently launched the Grade-A, LEED-certified office condominium development to anchor the 21-hectare Circuit Makati, situated in the old Sta. Ana Racetrack, with redevelopment value of PHP39 billion (USD885 million).

Find out more from Mypropertyreport.com through link below:

http://www.my-property-report.com/articles/the-stiles-enterprise-plaza-banks-on-office-sector-growth-momentum

Behind Every Accomplishment is a Story to Tell

Ayala Land, Inc. is more than just a real estate developer. They build sustainable communities that are platforms on which people can achieve a personal sense of fulfillment — whether it’s gainful employment, or a flourishing business. Ayala Land sees the potential in land and shares this potential by driving economic growth in local communities through enhancing land.

Here are some stories of those who worked hard to reach their goals in life. Be it having their own business, helping their families, or rising above their status, Ayala Land does their part in helping build a better nation.

Get to learn more from Inquirer through link below:

http://business.inquirer.net/224174/behind-every-accomplishment-story-tell#ixzz4adaLxJ6Y

MDC: Training skilled workers promotes inclusive development

Ayala Land subsidiary Makati Development Corporation (MDC), in partnership with the Technical Education and Skills Development Authority (TESDA), has graduated over 10,000 skilled workers from its training schools and assessment centers to date – thereby contributing to a more inclusive economic development that reaches out to local communities nationwide.

Get to learn more from Ayalaland.com.ph through link below:

MDC: Training skilled workers promotes inclusive development

 

Plaza ALI: Ayala Malls and Lio Tourism Estate promote community engagement

Ayala Malls and Ten Knots Philippines, Inc. (TKPI) executives, together with local government officials of El Nido, Palawan, spearheaded the turnover ceremony of Plaza ALI courts to barangays Pasadena and Villa Libertad.

This is a project that will drive community development programs in the neighboring barangays of Lio, Ayala Land’s eco-tourism estate in El Nido, Palawan.

Get to learn more from Ayaland.com.ph through link below:

Plaza ALI: Ayala Malls and Lio Tourism Estate promote community engagement

Ayala, Filinvest eye Middle East projects

Real estate giants Ayala Land Inc. (ALI) and Filinvest Land Inc. (FLI) are eyeing projects that would cater to millions of Filipinos working in the Middle East as per Charito Plaza, director general of the Philippine Economic Zone Authority (PEZA).

Get full details from The Philippine Star by clicking the link below:

http://www.philstar.com/business/2016/11/24/1646719/ayala-filinvest-eye-middle-east-projects

 

Ayala Land’s 9-month net income up 17% to P15.06 billion

“Our financial results continue to be positive and reflective of a buoyant real estate industry. New products introduced in our various estates in 2016 have started to contribute to our performance and are expected to help sustain our growth moving forward,” said Bernard Vincent O. Dy, ALI President and CEO.

Ayala Land, Inc. (ALI) continued to perform steadily in the past nine months of 2016, delivering a net income of P15.06 billion, a 17% increase from the P12.83 billion posted in the same period last year. Consolidated revenues reached P85.49 billion, 14% higher than the P75.05 billion it posted in 2015. Revenues from real estate increased by 15% to P80.50 billion, driven by the sustained growth of the residential and office for sale segments, and the strong performance of shopping centers.
“Our financial results continue to be positive and reflective of a buoyant real estate industry. New products introduced in our various estates in 2016 have started to contribute to our performance and are expected to help sustain our growth moving forward,” said Bernard Vincent O. Dy, ALI President and CEO.
As a leading developer of sustainable estates, ALI continues to concentrate on expanding its diverse property offerings within its current roster of 19 integrated mixed-use developments nationwide.
In Makati, ALI is developing One Ayala, a mixed-use complex with a first-of-its-kind intermodal transport hub at the corner of Ayala Avenue and EDSA. A Leadership in Energy and Environmental Design (LEED)-compliant office tower, a 300-unit condominium-for-lease tower, and a flagship 600-room Seda hotel will be built around the transport hub.
New properties were also launched at Circuit Makati, Bonifacio Global City and Arca South in Taguig City, Vertis North in Quezon City, Nuvali in Laguna, and Vermosa in Cavite.
In the Visayas, development is underway for the 17.5-hectare Gatewalk Central in Mandaue City, Cebu, while new projects are likewise being constructed at Cebu I.T. Park, Capitol Central in Bacolod, and Atria Park District in Iloilo. The company’s first eco-tourism estate, Lio in El Nido, Palawan, is also slated to open a 42-room hotel this December.
“The simultaneous development and constant enhancement of our estates provide an opportunity to unlock land values and add to economic activity in key locations in the country. We constantly work towards building an environment that enables businesses to grow and generate jobs,” Dy added.
Total revenues from property development, which includes the sale of residential lots and units, office spaces, as well as commercial and industrial lots, amounted to P52.61 billion in the past nine months of 2016, 12% higher than the P46.87 billion reported during the same period in 2015.
Sales from residential and office for sale projects reached a total of P84.32 billion during the period, 2% higher year-on-year, equivalent to an average monthly sales take-up of P9.36 billion. Ayala Land launched P49.2 billion worth of residential and office for sale projects in the past nine months of 2016.
ALI is also building up its recurring-income sources in line with plans to balance its development and leasing portfolios. The company’s commercial leasing business grew by 12% to P19.17 billion from P17.18 billion in the previous year, fueled by the simultaneous expansion of its malls, offices, and hotels and resorts portfolios.
The company recently unveiled enhancements of Tutuban Center, after it acquired majority interest in Prime Orion Philippines, Inc. (POPI) in February this year. This venture adds 50,000 square meters of gross leasable area (GLA) to ALI’s shopping center portfolio. Renovation work included the restoration of the heritage building where the original train station, built in the 1800s, first stood.
The first three quarters of 2016 likewise saw ALI launching Ayala Malls Legazpi, its first shopping center in the Bicol region. Meanwhile, the enhanced performance of malls such as U.P. Town Center in Quezon City and Ayala Malls Solenad in Nuvali, increased revenues from shopping centers by 15% to P10.59 billion from P9.24 billion generated in the same period in 2015. GLA from shopping centers is currently at 1.57 million square meters.
Resulting from the growing demand for office spaces, ALI’s office leasing portfolio also remains strong, generating revenues of P4.01 billion, 10% higher than the P3.63 billion posted in the same period last year. This was due to the higher average rental rates in existing office buildings and the positive contribution of new developments, such as Bonifacio Stopover and BGC Corporate Center in Taguig City. The company’s offices GLA is currently at 753,000 square meters.
ALI’s hotels and resorts business is likewise at a steady growth momentum. Revenues in the first three quarters of 2016 increased by 6% to P4.57 billion from the P4.31 billion generated in the previous year, driven by the improved revenue-per-available-room (REVPAR) of existing hotels and resorts developments. Total rooms registered at 1,991 across ALI’s international-branded hotels, Seda hotels, and El Nido Resorts.
To date, the company’s capital expenditure is at P63.9 billion, of which 40% and 27% were spent in completing residential and commercial leasing projects, respectively. ALI posted a solid balance sheet position in the past nine months of 2016, providing adequate capacity for the company to support its growth plans for year and beyond.

 

Read More: http://www.ayalaland.com.ph/2016/11/08/ayala-lands-9-month-net-income-17-p15-06-billion/

Renting vs. Buying: What Millennials Need to Know

“If you are a millennial contemplating on whether to buy a condo unit near your workplace or rent still, read on.”  

Posted on September 27, 2016

Nowadays, Filipino millennials—people aged between 25 and 34 years old—are the ones shaping the real estate industry. In fact, in a survey commissioned by ZipMatch, about 49% of millennials is ready to buy their first home be it a condo unit or house and lot.

If you are a millennial contemplating on whether to buy a condo unit near your workplace or rent still, read on. There are some things you need to know first to see if you are better off renting or purchasing your own place.

Rent if you
1) Have limited funds
While you may think that you can afford to buy a condo unit now, you have to look at your capacity to buy first. Have you already saved for the down payment? Do you have an emergency fund? Can you really afford to buy now?
The costs of ownership don’t stop when you move in finally. No. In reality, you can only move in after you pay the condo association joining fee, advanced monthly dues, building insurance, real property taxes, and utility installation. These are one-time or annual payments. What about the monthly fees?
You need to accommodate all these financial obligations. If it’s not possible at this time, renting is the better option.

2) Have uncertain employment
Your career outlook is vital. What if you suddenly lose your job? Do you have alternative income streams? If you have an emergency fund, is it enough to cover all the bases until you find new employment?
Bottom-line, if you are currently living from one paycheck to another, now is not the perfect time to even consider buying a unit.

What you should do is build your emergency fund and save up for down payment. Remember, the down payment is always between 5 and 20 percent of the total price of the unit. For instance, in Amaia Skies Cubao, the down payment for the units ranges from 10 to 20%, depending on the payment option you choose.

3) Have short-term plans
Are you on a work assignment? Are you planning to work abroad in two years’ time? Or, marry and start a family in a couple of years? You need to assess your current situation and the likely changes in the future.
Buying is not for those who have a short-term mindset. It’s a high transaction commitment. Thus, if there will be significant changes in your life or you are currently going through a life transition, it would be a wise idea to rent.

On the other hand…
Buy if you have the financial capacity to pay for the additional costs of owning a condo unit and plan to stay in it for at least five years. Five years is enough time to generate a return on this hefty investment.

Read More: http://www.amaialand.com/updates/2016-09-27/renting-vs-buying-what-millennials-need-to-know

Ayala Land earns Asian CSR Award for Environmental Excellence

“It is ALI’s second time to be recognized at the Asian CSR Awards for its clear program for environment protection.”

Ayala Land, Inc. (ALI) was recently honored with the Asian CSR award for Environmental Excellence for “Native Landscapes for Site Resilience and Urban Biodiversity,” a program which the company has successfully implemented in line with its strategy for sustainability. It is ALI’s second time to be recognized at the Asian CSR Awards for its clear program for environment protection. The company received The Asian CSR Environment and Value Chain Management Award in 2012 for establishing the first eco-city in the Philippines, Nuvali, and integrating conservation and biodiversity protection initiatives into its developments.

The 14th Asian CSR Awards, which is a featured event at the annual Asian Forum on Corporate Social Responsibility (AFCSR), was held on September 21, 2016 in Yangon, Myanmar. Mr. Art Corpuz, Group Head of ALI’s Urban and Regional Planning Division and Central Land Acquisition Unit, received the award on behalf of the company.

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“We thank the organizers of the Asian CSR Awards for once again recognizing one of our major programs for the environment, which is part of a comprehensive sustainability strategy. We consider this as a significant opportunity to share with a larger audience the importance of carefully planning landscapes and conserving urban biodiversity through the increased use of native plants and trees,” said Mr. Corpuz.
The awards program is presented by the Asian Institute of Management – Ramon V. del Rosario, Sr. Center for Corporate Social Responsibility (AIM-RVR CSR), one of the longest-running and most prestigious CSR awards programs in the region. It recognizes organizations that have demonstrated corporate social responsibility in their business philosophy and operations.
“The recipients of the Asian CSR Awards embody the kind of integration between business and society that we aspire to see across Asia — that businesses, through responsible and innovative leadership, are applying their core strengths to solve some of the greatest challenges of our time. This is aligned with AIM’s thrust of developing leaders who drive meaningful growth for the region’s businesses and societies,” said Dr. Jikyeong Kang, AIM President and Dean.
Top Asian corporations were also awarded for specific CSR categories. These were Metropolitan Waterworks Authority (Education Improvement category), Indian Rayon (Poverty Alleviation category), Friendship (Health Enhancement category), Royal Friesland Campina (CSR Impact Award), and ITC Limited (Intel-AIM Corporate Responsibility Award).
ALI is the Philippines’ largest developer of sustainable estates and it is committed to create the most positive impact on people and the environment by building communities that are well-integrated, resilient to climate change, and supportive of local economic development.

Read More : http://www.ayalaland.com.ph/2016/09/23/ayala-land-earns-asian-csr-award-environmental-excellence/