Ayala Land Inc. and Eton Properties are entering the next phase of their Parklinks township, betting a 69,000-square-meter shopping mall opening in 2027 will transform the estate into a major commercial hub along Metro Manila’s eastern corridor.
Ayala Land shares surged 5.72 percent on Friday as parent Ayala Corp. disclosed another purchase of the property developer’s stock, reinforcing the conglomerate’s conviction that its listed subsidiary remains undervalued despite a recent rebound.
Ayala Corp., the country’s oldest conglomerate, is diverting part of its investment budget to buy shares in Ayala Land, whose stock has come under pressure amid slowing growth.
Ayala Land is stepping up investment in its Lio Estate in El Nido as it positions the project to capture growing demand for longer stays, second homes and lifestyle-driven travel.
Ayala Land’s premium condominium sales rose 29 percent in the first five months of 2026, suggesting demand for high-end projects in Metro Manila remained firm even as the property giant grappled with weaker first-quarter results.
Ayala Land has transferred 63 hectares of land to beneficiaries on Sicogon Island, delivering on a key commitment under a settlement reached after years of disputes over the tourism estate’s development.
The move comes as Megaworld president and chief executive Kevin Tan continues to assemble a formidable bench of industry veterans as the company expands its footprint across retail, hospitality and township developments. The recruitment drive has been difficult for rivals to ignore.
Real estate giant Ayala Land Inc. sold AREIT shares at their steepest discount in years amid investor caution over weaker housing demand and elevated borrowing costs.