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.