Latest news with #AyalaLand
Forbes
2 days ago
- Business
- Forbes
Ayala Land Buys Philippine Hotel From Cash-Strapped New World
The 578-room New World hotel in the Makati business district. Ayala Land—controlled by tycoon Jaime Zobel de Ayala and his family—has acquired Hong Kong-listed New World Development's hotel in the heart of the Makati business district as the Philippine developer expands its hospitality footprint amid a tourism boom. The 578-room New World Hotel Makati will be operated by Ayala Land's hospitality and resort unit, the builder, a unit of the Zobel de Ayala family's Ayala Corp., said in a statement without disclosing the transaction's amount. The sale coincides with the announcement that New World Development, controlled by the family of billionaire Henry Cheng, has concluded a HK$88.2 billion ($11.2 billion) debt refinancing deal, providing a reprieve to the cash-strapped builder. New World opened its sole hotel in the country in 1994 on land leased from Ayala Land. The acquisition of New World Makati bolsters the presence of Ayala Land in the Makati financial district, in which the developer has initiated major upgrading projects, including the redevelopment of its oldest retail complex. Many of the group's prime properties including hotels, upscale shopping malls and office buildings are in Makati. 'This move reflects our continued focus on offering a cohesive and high-quality guest experience across key locations,' said George Aquino, CEO and President Ayala Land Hospitality. 'The addition of New World Hotel Makati complements our existing portfolio and reinforces our commitment to serving evolving customer needs in one of the country's most dynamic cities.' Ayala Land said in March that it will spend $500 million to almost double its hotel rooms to 7,500 by 2030 to ride the nation's tourism boom. The builder, which then said that it had 4,000 hotel rooms, will reinvest in flagship hospitality properties, modernize its Seda business hotels and upgrade its El Nido Resorts in the idyllic Palawan islands while building new hotels and resorts. With a net worth of $2.6 billion, the Zobel de Ayala family is among the wealthiest in the country. From a distillery founded by the grandfather of Jaime Zobel de Ayala in 1834, Ayala Corp., the oldest Philippine conglomerate, has expanded into banking, real estate, healthcare, schools, telecommunications and energy. Cheng and his family had $19.5 billion in net worth when Forbes Asia published Hong Kong's rich list in February. Aside from New World Development, the family holds a controlling interest in Chow Tai Fook Jewellery Group.
GMA Network
04-06-2025
- Business
- GMA Network
Villar Land bares commercial lot pricing in 3,500-hectare Villar City
Villar Land Holdings Corp., led by Philippines' richest business tycoon Manuel Villar Jr., is optimistic on the growth of its crown jewel —the sprawling 3,500-hectare Villar City located south of Metro Manila and Cavite— as commercial lot prices are cheaper than comparable estate developments coupled with upcoming infrastructure and commercial developments. 'The rising prominence of Villar City is aptly reflected in its commercial lot pricing, a reliable barometer of land values,' Villar Land said in a news release on Wednesday. 'At present, Villar City's commercial lots are still competitive, relative to those in the more established nearby districts,' the company said. In particular, the property developer said commercial lot prices within its Villar City's Innovation District starts at P345,000 per square meter (sqm) —below nearby Filinvest City's prices which range from P396,000 per sqm to P592,000 per sqm. Likewise, commercial lot prices in Ayala Land's Cerca Alabang, also near Villar City, stood at P420,000 per sqm. 'These comparable rates validate Villar Land's fair-value revisions, mirroring actual transaction values in the market,' it said. With this, Villar Land said the still cheaper lot prices at its estate 'leaves room for capital appreciation given the ongoing and upcoming developments that will enhance connectivity, introduce new commercial hubs and lifestyle centers, and attract institutional-grade tenants—transforming underutilized plots into vibrant mixed-use districts and unlocking further upside for early investors.' For instance, the company said infrastructure enhancements such as the Villar Avenue, which serves as the main thoroughfare connecting all districts in Villar City, the Muntinlupa-Cavite Expressway (MCX), and other future developments such as an integrated LRT system and Bus Rapid Transit network 'are all poised to improve connectivity and convenience.' Villar Land is also banking on 'landmark developments' since Villar City's official launch in 2023 —such as the 118-hectare mixed-use estate called Forresta and the Forresta Cafe, which opened early 2024. 'Upcoming developments—such as the Villar City Stadium, two 18-hole championship golf courses designed in partnership with Curley-Wagner Golf Design, and strategic collaborations like the University of the Philippines-Dasmariñas campus—highlight the megacity's focus on deepening its role as a hub for sports, education, leisure and investment,' it said. 'For both homebuyers and investors, Villar Land clearly offers scale, strategic timing, and proven execution. And with Villar City, it is poised to maximize its landbank to create new prime growth corridors that can fuel progress, and deliver real and durable value,' it added. Villar Land said its Villar City came to be 'through decades of strategic acquisitions.' 'By securing these strategic sites decades ago, Villar Land now enjoys an edge in a growth corridor that has begun benefiting from rising land values, dwindling developable land in the metro, and a steady influx of residents and businesses,' it said. —AOL, GMA Integrated News
Forbes
21-05-2025
- Business
- Forbes
Philippine Developers Turn Cautiously Optimistic Amid Metro Manila Condominium Supply Glut
Philippine builders from Ayala Land to the billionaire Sy family's SM Prime are slowing down the construction and marketing of new high-rise housing projects as the real estate industry grapples with an oversupply of middle-income condominiums in Metro Manila. Demand for condominiums ebbed after the government banned offshore gaming operators in the Philippines and the country's economic growth slowed, developers were left with more than 70,000 of unsold units as of end-2024, according to estimates by property consultants Colliers and Leechiu. To move the inventory, developers have introduced creative pricing schemes to make the condominiums more affordable to buyers. The menu of enticements include low down payments, longer payment periods as well as rent-to-own schemes. Companies are also throwing in furniture and free parking space as well as helping buyers lease out their properties to prospective tenants. 'We are highly selective with new launches.' While the promotions have spurred first-quarter take-up to rise 14% from fourth-quarter 2024 per Leechiu's assessment, developers have slowed the introduction of new projects. That should help minimize the oversupply, which Colliers estimates would take the market almost eight years to clear. 'Our outlook for the residential market in 2025 is cautiously optimistic,' Mybelle Aragon-Gobio, president and CEO of Robinsons Land, part of the billionaire Gokongwei family's JG Summit, told Forbes Asia. 'We are highly selective with new launches, focusing on high-demand locations, and we offer more flexible payment terms, to match what the market needs today.' An artist impression of the 285-unit Aurelia Residences, a luxury condominium project being jointly developed by Robinsons Land and Shang Properties, controlled by Malaysian billionaire Robert Kuok and his family. Ayala Land—which offers longer payment terms on some of its high-rise residential projects in Metro Manila—is focusing on horizontal developments, according to CEO Ma. Anna Margarita Dy. The company spent 12.6 billion pesos ($227 million) in the first quarter on horizontal development projects outside of Metro Manila, Dy said. It will start marketing the bulk of its new residential projects in the second half when interest rates are seen to ease, she adds. 'We've just become more cautious based not so much on our inventory levels but on industry wide inventory levels,' Dy said. 'We will focus mostly on horizontal developments.' Ayala Land's sales in Metro Manila fell 15% in the first quarter, while those outside the capital region rose 3%. While demand in the premium residential segment where properties are priced at 12 million pesos ($215,000) to 50 million each increased slightly during the quarter, Colliers noted that sale of units priced between 7 million pesos and 12 million pesos have been softening. Bulk of the oversupply is in this middle-income segment of the market, according to the property consultancy. An artist's impression of The Crestmont, a 49-story residential tower DMCI Homes is building in Querzon City, north of Manila. Meanwhile, demand for ultra luxury apartments priced at 50 million pesos and above remains robust, Colliers added. Ayala Land—the real estate arm of tycoon Jaime Zobel de Ayala's Ayala Corp., the country's oldest conglomerate—is set to launch in the second half a resort-themed luxury tower in Makati, building on the strong demand for Park Villas, a 51-story ultra-high-end residential tower at the heart of the central business district where each floor has a single unit priced at over 500 million pesos ($9 million) each. DMCI Homes—controlled by tycoon Isidro Consunji and his family's DMCI Holdings—is offering buyers a rent-to-own option to make the company's projects more affordable, requiring minimal upfront costs. 'This setup offers a practical solution for those who are keen to secure a home but remain mindful of their financial commitments,' said Alfredo Austria, president of DMCI Homes. Austria said the company's top selling residences are in prime locations, designed for resort living, as well as those offering smaller and more affordable units. 'This may indicate continued strong demand for well-located, value-driven properties that align with shifting buyer preferences,' he said. 'We expect these trends to persist in 2025.' An artist's impression of the Air Residences, a residential skyscraper being built by SM Prime's SM Development Corp. at the heart of the Makati financial district. SM Prime—controlled by the family of late retail tycoon Henry Sy Sr.—is also optimistic demand will pick up in the second half of this year with the central bank expected to further cut interest rates, the company's president Jeffrey Lim said. While SM Prime is pushing forward its 360-hectare reclamation development in Manila Bay, Lim said the company is also building projects outside of Metro Manila where demand remains strong. 'Demand in provincial markets continues to be healthy.' One of the projects SM Prime will start in the second half of this year is a 200-hectare upscale residential estate in Carmona, south of Metro Manila. 'Demand in provincial markets continues to be healthy, particularly in our integrated property developments,' Lim says. SM Prime has built more than 20 mixed-use projects that integrate residential, office and hotel properties around its shopping malls.
Forbes
21-05-2025
- Business
- Forbes
Philippine Developers Turn Cautious Amid Metro Manila Condominium Supply Glut
Philippine builders from Ayala Land to the billionaire Sy family's SM Prime are slowing down the construction and marketing of new high-rise housing projects as the real estate industry grapples with an oversupply of middle-income condominiums in Metro Manila. Demand for condominiums ebbed after the government banned offshore gaming operators in the Philippines and the country's economic growth slowed, developers were left with more than 70,000 of unsold units as of end-2024, according to estimates by property consultants Colliers and Leechiu. To move the inventory, developers have introduced creative pricing schemes to make the condominiums more affordable to buyers. The menu of enticements include low down payments, longer payment periods as well as rent-to-own schemes. Companies are also throwing in furniture and free parking space as well as helping buyers lease out their properties to prospective tenants. 'We are highly selective with new launches.' While the promotions have spurred first-quarter take-up to rise 14% from fourth-quarter 2024 per Leechiu's assessment, developers have slowed the introduction of new projects. That should help minimize the oversupply, which Colliers estimates would take the market almost eight years to clear. 'Our outlook for the residential market in 2025 is cautiously optimistic,' Mybelle Aragon-Gobio, president and CEO of Robinsons Land, part of the billionaire Gokongwei family's JG Summit, told Forbes Asia. 'We are highly selective with new launches, focusing on high-demand locations, and we offer more flexible payment terms, to match what the market needs today.' An artist impression of the 285-unit Aurelia Residences, a luxury condominium project being jointly developed by Robinsons Land and Shang Properties, controlled by Malaysian billionaire Robert Kuok and his family. Ayala Land—which offers longer payment terms on some of its high-rise residential projects in Metro Manila—is focusing on horizontal developments, according to CEO Ma. Anna Margarita Dy. The company spent 12.6 billion pesos ($227 million) in the first quarter on horizontal development projects outside of Metro Manila, Dy said. It will start marketing the bulk of its new residential projects in the second half when interest rates are seen to ease, she adds. 'We've just become more cautious based not so much on our inventory levels but on industry wide inventory levels,' Dy said. 'We will focus mostly on horizontal developments.' Ayala Land's sales in Metro Manila fell 15% in the first quarter, while those outside the capital region rose 3%. While demand in the premium residential segment where properties are priced at 12 million pesos ($215,000) to 50 million each increased slightly during the quarter, Colliers noted that sale of units priced between 7 million pesos and 12 million pesos have been softening. Bulk of the oversupply is in this middle-income segment of the market, according to the property consultancy. An artist's impression of The Crestmont, a 49-story residential tower DMCI Homes is building in Querzon City, north of Manila. Meanwhile, demand for ultra luxury apartments priced at 50 million pesos and above remains robust, Colliers added. Ayala Land—the real estate arm of tycoon Jaime Zobel de Ayala's Ayala Corp., the country's oldest conglomerate—is set to launch in the second half a resort-themed luxury tower in Makati, building on the strong demand for Park Villas, a 51-story ultra-high-end residential tower at the heart of the central business district where each floor has a single unit priced at over 500 million pesos ($9 million) each. DMCI Homes—controlled by tycoon Isidro Consunji and his family's DMCI Holdings—is offering buyers a rent-to-own option to make the company's projects more affordable, requiring minimal upfront costs. 'This setup offers a practical solution for those who are keen to secure a home but remain mindful of their financial commitments,' said Alfredo Austria, president of DMCI Homes. Austria said the company's top selling residences are in prime locations, designed for resort living, as well as those offering smaller and more affordable units. 'This may indicate continued strong demand for well-located, value-driven properties that align with shifting buyer preferences,' he said. 'We expect these trends to persist in 2025.' An artist's impression of the Air Residences, a residential skyscraper being built by SM Prime's SM Development Corp. at the heart of the Makati financial district. SM Prime—controlled by the family of late retail tycoon Henry Sy Sr.—is also optimistic demand will pick up in the second half of this year with the central bank expected to further cut interest rates, the company's president Jeffrey Lim said. While SM Prime is pushing forward its 360-hectare reclamation development in Manila Bay, Lim said the company is also building projects outside of Metro Manila where demand remains strong. 'Demand in provincial markets continues to be healthy.' One of the projects SM Prime will start in the second half of this year is a 200-hectare upscale residential estate in Carmona, south of Metro Manila. 'Demand in provincial markets continues to be healthy, particularly in our integrated property developments,' Lim says. SM Prime has built more than 20 mixed-use projects that integrate residential, office and hotel properties around its shopping malls.
Yahoo
11-05-2025
- Business
- Yahoo
Avaland Berhad's (KLSE:AVALAND) largest shareholders are public companies with 66% ownership, individual investors own 17%
Significant control over Avaland Berhad by public companies implies that the general public has more power to influence management and governance-related decisions The largest shareholder of the company is Ayala Land, Inc. with a 66% stake Insider ownership in Avaland Berhad is 12% We check all companies for important risks. See what we found for Avaland Berhad in our free report. Every investor in Avaland Berhad (KLSE:AVALAND) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 66% to be precise, is public companies. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Individual investors, on the other hand, account for 17% of the company's stockholders. Let's delve deeper into each type of owner of Avaland Berhad, beginning with the chart below. Check out our latest analysis for Avaland Berhad Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. Less than 5% of Avaland Berhad is held by institutional investors. This suggests that some funds have the company in their sights, but many have not yet bought shares in it. So if the company itself can improve over time, we may well see more institutional buyers in the future. It is not uncommon to see a big share price rise if multiple institutional investors are trying to buy into a stock at the same time. So check out the historic earnings trajectory, below, but keep in mind it's the future that counts most. Hedge funds don't have many shares in Avaland Berhad. Ayala Land, Inc. is currently the largest shareholder, with 66% of shares outstanding. This implies that they have majority interest control of the future of the company. With 2.5% and 2.4% of the shares outstanding respectively, Seech Tong and Ming Goh are the second and third largest shareholders. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Our information suggests that there isn't any analyst coverage of the stock, so it is probably little known. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. It seems insiders own a significant proportion of Avaland Berhad. Insiders have a RM52m stake in this RM430m business. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently. The general public-- including retail investors -- own 17% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. It appears to us that public companies own 66% of Avaland Berhad. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership. While it is well worth considering the different groups that own a company, there are other factors that are even more important. I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph. Of course this may not be the best stock to buy. So take a peek at this free free list of interesting companies. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
