Philippines’ Ayala Land To Build $178 Million Residential Estate In Davao

Philippines’ Ayala Land To Build $178 Million Residential Estate In Davao

Dubbed Ascenda, the residential estate will be Ayala Land’s biggest mixed-used development outside of the country’s main Luzon Island and its largest investment in Mindanao.

Ayala Land unveils Ascenda, a P10.3-B Davao City estate

MANILA, Philippines — Ayala Land, Inc. (ALI) is investing P10.3 billion in its first horizontal estate in Mindanao, expanding its footprint in Davao City as demand for properties outside Metro Manila steadily climbs. The real estate giant on Thursday said it had broken ground for Ascenda, a 204-hectare (ha) master-planned community in Davao City. “Ascenda […]...Keep on reading: Ayala Land unveils Ascenda, a P10.3-B Davao City estate

Ayala Land allots P10.3B for 204-ha Davao estate - BusinessWorld Online

LISTED property developer Ayala Land, Inc. (ALI) has earmarked P10.3 billion to develop Ascenda in Davao City, which will become its largest mixed-use estate in Mindanao. The 204-hectare (ha) Ascenda will feature a 65-ha town center and a 139-ha residential district, it said in a statement on Thursday. “Ascenda is well-positioned to benefit from Davao’s momentum, providing Davaoeños new space to grow and an environment attuned to their modern, u…