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Ayala Land luxury unit builds new subdivision after sales hit record

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2017/business/05/31/cerilo-main-park.jpg"/><figcaption><div class="embed-desc">An artist&#x27;s perspective of Ayala Land&#x27;s Cerilo development in Nuvali. <cite>Image from Ayala Land Premier</cite></div></figcaption></figure></div><p>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.</p><p>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.</p><p>Selling will begin in June with lots priced from P10.19 million to P38.09 million, the company said.</p><p>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.</p><p>Ayala Land shares were down 0.87 percent to P39.80 in early trading on Wednesday.</p>

<p>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.</p><p> </p>

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.