Ayala Land posted double-digit income growth in first quarter

Property developer Ayala Land Inc booked a double-digit growth in first-quarter profit and revenues on the back of the robust performance from its residential, mall and hospitality businesses.

“Anchored on the resiliency of the local property market and consumer activity, we look forward to executing our plans to support our growth aspiration for 2024,” she said. Residential reservation sales totaled P33.3 billion in the first quarter of 2024, up 20 percent from a year ago. This was led by the strong demand for products in the premium and vertical segments.

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