Property developer Ayala Land Inc. remains optimistic about the prospects of the real estate sector amid the pandemic given its potential to bounce back after economic downturns, an executive said Monday.
Ayala Land Estate Inc. assistant vice president Cris Zuluaga said in a statement the current uncertainties should not deter potential buyers and investors with capital to invest during this period especially when attractive returns could be expected in the future.
“We have seen in past crises how the property sector has constantly been able to recover after a downturn with values appreciating over time. Given our country’s stable economy, it remains one of the best options for investment today,” said Zuluaga.
Zaluaga said the property sector posted consistently strong performance despite economic downturns while land values in strategic growth centers including Makati and Alabang continued to increase.
Taking financial risks during a pandemic may seem unwise to some, but Zaluaga said there is value in taking advantage of the potential returns of intelligent, calculated risk.
He said the 700-hectare Vermosa, which is one the estate projects of Ayala Land, presents an investment opportunity for homebuyers, industries, and businesses who are banking on reaping returns post-pandemic.
Vermosa has reached an 82-percent growth on its commercial properties since its introduction in 2015, with a compounded annual growth rate of 14 percent.
Upon full build-out, Vermosa is expected to house around 30,000 people across several residential developments and generate about 500,000 jobs.
Vermosa has become the destination for modern active living and lifestyle pursuits south of Manila and is soon to rise as a progressive commercial center.
Ayala Land is banking on the continued growth potential of the province of Cavite as it goes full-swing with the development.
The estate is seen to gain improved access through major infrastructure projects that establish Cavite as a booming growth center such as the Aguinaldo and Molino flyovers, Skyway extension and the Cavite-Laguna Expressway.
“The historical performance of our properties in terms of land value, and the strategy and careful management that we continue to commit to our estates are assurances that we provide to homebuyers and investors who wish to secure strong future returns with Ayala Land,” Zaluaga said.