Ayala Land to grow twice as fast as PH economy to achieve long-term vision

Ayala Land, one of the country’s largest developers, aims to outpace the competition—and the economy’s growth—as part of its long-term strategy.

This also involves expanding at a pace that's double the country’s gross domestic product (GDP), which chief finance officer Augusto D. Bengzon believes they achieved in 2024.

In a chat with reporters during a media event on Thursday,  Bengzon said they were pleased with their full-year results, although he declined to divulge details until earnings are officially disclosed later next month.

He also explained that one of their key advantages is maintaining a strong lineup of brands.

Augusto D. Bengzon

Ayala Land chief finance officer

This gives them the ability to shift investments depending on which cycle the market is experiencing.

This became crucial as Ayala Land’s “core” segment felt the impact of a condo supply surplus in Metro Manila. The developer quickly responded by increasing investments in more premium and upscale project launches.

This is paying off as Ayala Land reported a robust 15-percent jump in net income to P21.2 billion for the first nine months of 2024 while consolidated revenues surged 27 percent to P125.2 billion.

Last year, the property giant also unveiled a target to double 2023 profits of P24.5 billion to about P50 billion by 2028.