Ortigas Land Inc., a private real estate developer controlled by Ayala Land Inc. and SM Prime Holdings Inc., expects to double its revenues over the next five years as overall businesses return to pre-pandemic levels.
Ortigas Land president and chief executive Jose Emmanuel Jalandoni said Wednesday in a press briefing the company was planning to add two estates in its portfolio.
“From four estates, we plan to have six estates, and we hope to grow our revenues two times over the next five years,” Jalandoni said.
Ortigas Land is developing four estates including Capitol Commons in Pasig City, Ortigas East along C5 Road, Circulo Verde in Quezon City and Greenhills in San Juan City.
Jalandoni said all businesses, including residential, malls and offices, already rebounded to pre-pandemic levels.
“We’re seeing returning market interest in property following relaxing restrictions as the economy recovers,” said Jalandoni.