Hope springs eternal for ALI amid pandemic
Banks on Cavite’s growth, big infra projects to reap returns
The developer behind several mixed-use estates sees the current milieu as an opportunity for investors to establish a richer property portfolio. According to Cris Zuluaga, AVP of Ayala Land Estates, Inc., the uncertainty should not deter those with capital especially when attractive returns can be expected in the future. Recovery from downturn, inevitable “We have seen in past crises how the property sector has constantly been able to recover after a downturn with values appreciating over time,” said Zuluaga. “Given our country’s stable economy, it remains one of the best options for investment today,” Historically, ALI has proven the sustainability of its projects as it saw tremendous growth in the land value of its developments in strategic growth centers. Reflecting the recent growth of the industry, based on the land values reported by Colliers in September 2018 and December 2019, both Alabang and Makati grew about 12% annually in the past 10 years. Taking financial risks during a pandemic may seem unwise to some, but Zuluaga argued on taking advantage of the potential returns of an intelligent, calculated risk. Growth for Vermosa
Zuluaga said Vermosa has the trademark qualities of an Ayala Land estate—integrated, pedestrian-friendly, inclusive, and conducive for building an ideal, community-grounded lifestyle. Apart from residential investments in its estates, Ayala Land commercial lots are likewise on offer for investment consideration, particularly at Vermosa, Nuvali (Laguna), Arca South (Taguig), Alviera (Pampanga) and Altaraza Town Center (Bulacan).