Ayala Land, one of the Philippines’ largest real estate companies, has announced strong sales growth in its 2022 fiscal year.
Consolidated revenue for Ayala Land surged by 19% year over year to P126.2 billion, while net income rose by 52% to P18.6 billion.
Ayala Land also registered reservation sales of P104.9 billion, 14% higher than the previous year. Sales from local Filipinos made up 66% of the total, while overseas Filipinos and other nationalities contributed 22% and 13% respectively.
Sales from overseas Filipinos surged by 59%, while sales to foreigners increased by 39%. Filipinos who reside in the United Arab Emirates are some of the most active buyers.
In a previous interview with The Filipino Times, Ayala Land stated that “sales from the UAE has registered more than double year-on-year, beating all other countries.”
The projects that received the most demand were Ayalaland Premier’s Ciela at Aera Heights in Carmona, Cavite, Avida’s Serin East Tower 4 in Tagaytay City, and Patio Madrigal in Pasay City, Amaia’s Skies Cubao Tower 3 in Quezon City, and Alveo’s Astela Towers in Circuit Makati.
Ayala Land launched ten residential developments worth P31.8 billion in the fourth quarter of the year, bringing the consolidated value to P91.4 billion for a total of 30 projects by the end of the year.
Commercial lot sales led the company’s advance as revenues surged by 75% to P14.5 billion on investor demand at Arca South, Nuvali, and Broadfield estates.
Revenues from commercial leasing grew by 62% year-on-year to P33.4 billion, with normalized mall rents and foot traffic, the contribution of new office spaces, and higher hotel room rates. Shopping centers and hotel revenues doubled to P16.1 billion and P6.2 billion, respectively.
Despite ongoing challenges in the operating environment, Ayala Land remains positive in its outlook for 2023.
The company plans to introduce new offerings that will meet the evolving needs of the market.
ALI President and CEO Bernard Vincent O. Dy said, “Our focus on customer satisfaction, operational excellence, and innovation will continue to guide our efforts as we pursue sustained growth.”
“Ayala Land’s strong sales growth in 2022 is a testament to its employees’ hard work and dedication,” said Dy.
As Ayala Land looks ahead to 2023, it remains focused on customer satisfaction, operational excellence, and innovation as it continues to pursue sustained growth.
Ayala Land will be part of the Philippine Property and Investment Exhibition (PPIE) 2023 as a major sponsor, celebrating their 11 years of partnership with New Perspective Media Group.
According to Dr. Karen Remo, CEO and Founder of New Perspective Media, the organizer of the largest Philippine Property and Investment Exhibition in the Middle East, “New Perspective Media has been working closely with Ayala Land in helping overseas Filipinos secure their future through real estate and investment.”
The PPIE 2023 will take place on May 12-13, 2023, at the Grand Zabeel Ballroom, Radisson Blu Hotel in Baniyas Road, Deira Creek Dubai, United Arab Emirates.
