Ayala & Jack Ma News

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Ayala tie-up with Jack Ma to popularize China’s scan-to-pay innovation in PH

 / 05:16 AM October 26, 2017

Telco giant Globe Telecom launched its first service with the digital payments firm of Chinese billionaire and Alibaba Group founder Jack Ma: a QR scanning platform it hoped would jump-start the adoption of more cashless transactions in the Philippines.

Globe, owned by the country’s oldest conglomerate, Ayala Corp., said the new service would allow consumers to buy goods and services by scanning QR codes displayed by establishments using their mobile phones.

The platform, which requires Globe’s GCash mobile wallet app, uses technology from the tech visionary’s Ant Financial Services Group, the company behind Alipay, a digital payments service ubiquitous in China.

Read more: http://business.inquirer.net/239302/ayala-tie-jack-ma-popularize-chinas-scan-pay-innovation-ph#ixzz4wh5gyBDU
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Avida BGC Value Appreciation

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Avida BGC Value Aprreciation

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Real Estate NEWS

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How developers bridge gaps

“These parcels are now being transformed into satellite communities that offer specific value propositions, examples of which include the Vertis North, which is being positioned as the new central business district of Northern Metro Manila; Makati Circuit which is being groomed as the next entertainment hub; and Arca South which is poised to serve as the Southern gateway to the country’s capital.”


STI in Altaraza

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Altaraza welcomes STI as first educational institution 

STI Academic Center Altaraza
The STI Academic Center at Altaraza aims to accommodate 6,000 students by June 2018.

Altaraza, an Ayala Land sustainable estate located in San Jose del Monte, Bulacan, recently marked another milestone with the groundbreaking of the STI Academic Center, its first educational institution in the 109-hectare mixed-use community. The academic center is set to open by June 2018.

“The opening of the STI Academic Center marks the beginning of greater opportunities for Bulacan — offering quality education in an organized, integrated and accessible location here in Altaraza. We are very excited as we expect increased economic activity in the next 2-3 years with the turnover of our phase 1 residential units, the fully-operational QualiMed Hospital, the opening of STI’s Academic Center and soon the completion of the MRT-7 line,” said Mel Ignacio, Altaraza Project Development Manager.

STI Educational Services Group will build and operate the nine-storey academic center which targets to accommodate 6,000 students.  The school in Altaraza is part of STI’s plan to build new campuses in key locations nationwide in a bid to make real life education more accessible to the Filipino youth.

Ayala Vertis North NEWS

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Ayala Land ramps up Vertis North development

CONGLOMERATE Ayala Corp.’s property unit Ayala Land, Inc. (ALI) is accelerating the development of Ayala Vertis North in Quezon City amid robust demand for its residential offerings.

“Originally, we expected the project to take 10 to 15 years, but now we’re seeing that in about 10 years this will be completed. We received a great response from Quezon City” buyers, Vertis North head Jay Teodoro told reporters recently.

“We had to accelerate the development because of the brisk sales of our residential developments,” he added.
Ayala Vertis North is a P65-billion project of the Ayala group in partnership with the National Housing Authority (NHA) and is envisioned to be a central business district in QC.

The first phase of Vertis North, which includes the mall and the residential and hotel components, was formally launched last week while the second phase is expected to break ground next year.

Teodoro said roughly 12 to 13 hectares of the land are still occupied by informal settlers.

“In the past couple of years, there’s been significant progress in terms of negotiation with the settlers. In fact, two years ago, the people’s organization who represents about 90 percent of the families in the informal settler area has agreed to voluntarily relocate. So right now, we’re just waiting for the completion of the two relocation sites they have chosen.”

“In the coming weeks, we expect to see some progress because the first site was already completed and the second site we broke ground last November. So we expect to start relocation by the end of the year and completion of entire relocation by end 2018,” he explained.

Teodoro said the company will start to break ground on the second phase once the NHA finishes relocating the settlers.

“As soon as the property is clear, [we]will start. I think they [NHA] made a press release already that they wanted to start the project,” he said.

Two more residential projects

ALI is set to develop two more residential projects at Vertis North, on top of the existing residential towers Avida Sola, Alveo’s High Park, and Avida Vita.

“We expect to launch the second tower of Avida Sola. Right now, we have just launched the first tower. Next year or towards end of the year, we will be launching another Alveo residential tower, but this time it’s a different development,” Teodoro said.

Currently, the towers operated by Vita at Vertis North are already 97 percent sold.

“The three towers are 97 percent sold. Sola the first tower is, I think, doing really well. I’m not really sure. The two towers are more than 80 percent sold, I think,” Teodoro said.

“Based on the performance of our previous developments, normally it takes us only about a year to sell out one tower,” he added.

Currently, Sola is selling at P125,000 per square meter (sqm) while High Park is around P145,000 per sqm. Vita, on the other hand, started to sell at P90,000 per sqm during the launch, but has now appreciated to about P125,000 per sqm.

Teodoro said based on previous developments, the units at these towers will appreciate by 6 to 7 percent every year.

Ayala Land is one of the leading developers of estates, offering a diverse mix of properties such as residential, retail, office, hotels and leisure developments.

Cerilo – Nuvali Launch

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Ayala Land Premier unveils P11B new Nuvali subdivision
By: Doris Dumlao-Abadilla – Reporter / @philbizwatcherPhilippine Daily Inquirer

SOURCE: http://business.inquirer.net/230433/ayala-land-premier-unveils-p11-3b-new-nuvali-subdivision?utm_campaign=Echobox&utm_medium=Social&utm_source=Facebook#link_time=1496136247

Property giant Ayala Land has unveiled a new upscale subdivision in mixed-use estate Nuvali in Laguna, bringing to the property market P11.3 billion worth of residential lots for families looking for a gated community in southern Luzon.

Cerilo, the 85-hectare subdivision offering of upscale residential brand Ayala Land Premier (ALP), will have 623 lots with sizes ranging from 520 square meters to as large as 1,300 square meters.

This is the eighth subdivision rolled out by ALP in Nuvali and the one closest to the Laguna campus of Miriam College, ALP managing director Mike Jugo said in a press briefing on Tuesday.

ALP has so far sold about 2,800 high-end residential lots with a combined worth of P33 billion from its seven last Nuvali projects.

Jugo said ALP would start selling lots in Cerilo by early June, beginning with 308 lots worth P5 billion.
Average selling price of the lots per square meter is between P22,180 and P33,150. This will bring typical contracts to at least P11.5 million to as high as P43.1 million.

Based on ALP’s experience in selling subdivision lots in Nuvali, Jugo said this area was quite different as the estate was usually more attractive to end-users as well as young families – with parents aged 30 to 40 – looking to build their house.

Cerilo seeks to build on the site’s undulating natural terrain, Jugo said, adding that the new subdivision development would offer lush, green open space. It will have about 80 percent of the houses adjacent to an open space.

The master planned community will have an average density of only seven lots per hectare, providing a heightened feeling of privacy and exclusivity for its future residents.

Cerilo is designed to take advantage of its natural terrain and wide green space to build an amenity zone. Its two-hectare clubhouse area features the social hall, multi-purpose court, swimming pool and residents lounge.

Meanwhile, the main park located at the heart of Cerilo encompasses an area of over six hectares while the linear parks and bike trails are spread around the development. Cerilo has also allocated an adjacent two-hectare retail space envisioned to cater to future residents and the surrounding villages.

ALP posted its strongest quarter ever in terms of sales take-up in the first quarter of 2017 with reservation sales generated from various projects reaching P8.1 billion, marking an increase of 26 percent from the previous year.

“I think this is a sign of both the robustness of the market, particularly the luxury segment, and the ability of Ayala Land to execute its projects and the great deal of trust from our buyers,” Jugo said.

The top contributors to ALP’s first quarter sales take-up, Jugo said, were residential condominium developments Park Central and West Gallery Space as well as Rio Monte, ALP’s seventh subdivision project in Nuvali.

Park Central Towers, located at the prestigious corner of Paseo de Roxas and Makati Avenue, was launched only in September 2016 and has since generated P13 billion in sales take-up with 235 units sold within that period.

Park Central Towers offers ultra-luxury amenities such as four-story high Sky Terraces visible from the building’s facade. The expansive amenity podium will also house a 300-sqm fitness center, a 700-sqm multipurpose court as well as swimming pools, resident’s lounge and spa. The development will rise on top of a 10,000-sqm retail mall.

Read more: http://business.inquirer.net/230433/ayala-land-premier-unveils-p11-3b-new-nuvali-subdivision#ixzz4iYyLCjZq

Reshaping Land, Reshaping Lives

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At Ayala Land, Inc., we don’t just reshape land – we reshape lives. We create spaces that inspire, and reshape communities – whether through walkable estates that encourage healthy living, leisure experiences that give shape to special memories, workspaces where goals are made and achieved, or homes where families are nurtured. We reshape potential into engines of growth and economic development for more Filipinos.

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