Property developer Ayala Land Inc. (ALI) said Thursday its new upscale residential tower, Laurean Residences, has already generated nearly P8 billion in sales ahead of its official launch, signaling strong demand in the Philippines’ high-end residential market.
The 65-story tower will feature 388 units and is located in Makati’s Dela Rosa Gardens, a new 1.3-hectare mixed-use development at the corner of Paseo de Roxas and Dela Rosa Street.
“The market response to Laurean Residences has been exceptional, and it validates the strength of Makati as the country’s premier address,” said Mike Jugo, president and chief executive of Ayala Land Premier.
The project, which will be launched in the second half of the year, will anchor Dela Rosa Gardens alongside the future headquarters of Bank of the Philippine Islands (BPI) and a 2,700-square-meter urban park.
