Ayala Land luxury unit builds new subdivision after sales hit record

ABS-CBN News

Posted at May 31 2017 11:43 AM | Updated as of May 31 2017 11:44 AM

An artist's perspective of Ayala Land's Cerilo development in Nuvali. Image from Ayala Land Premier

MANILA - Ayala Land said it was building its 8th subdivision in the south following record sales in the first three months on the year for its luxury unit.

The 85-hectare Cerilo will be the newest development in Nuvali, Laguna. It will boast of green spaces with average density of seven lots per hectare, the company said in a statement.

Selling will begin in June with lots priced from P10.19 million to P38.09 million, the company said.

Ayala Land Premier sales in the first quarter rose to a record P8.1 billion in the first quarter, up 26 percent from the same period last year.

Ayala Land shares were down 0.87 percent to P39.80 in early trading on Wednesday.