Ayala Land restricts 2026 launches to P5 billion, prioritises inventory sell-down
Ayala Land, Inc. is limiting new residential launches to approximately P5 billion this year as it focuses on selling existing inventory of P99 billion. The Zobel-led developer reported P67 billion in residential sales reservations for the first nine months of 2026, with premium developments accounti
Ayala Land, Inc. is limiting its new residential project launches to approximately P5 billion this year as it focuses on selling existing inventory, which stood at P99 billion at the end of September, equivalent to about 15 months of supply. The Zobel-led property developer said it is prioritising inventory management and disciplined capital spending amid economic uncertainty.
“Our gross sales take-up has remained relatively stable, notwithstanding the decline in our available inventory,” Ayala Land President and Chief Executive Officer Anna Margarita B. Dy said in a statement on Monday. “This year, we deliberately chose to limit new launches to approximately P5 billion, prioritising the sell-down of existing inventory. This was a conscious and intentional decision, reflecting our focus on inventory management and disciplined capital deployment.”
For the first nine months of 2026, Ayala Land recorded approximately P67 billion in residential sales reservations, with premium developments accounting for P46.2 billion, or 69 per cent, of the total. Core residential projects contributed P20.7 billion in reservations during the period, according to the company’s nine-month results briefing.
In the third quarter alone, residential reservations reached P20.5 billion, as the company reported continued demand for its premium developments despite elevated interest rates and broader economic uncertainty. “Demand for premium products remains resilient, reflecting a clear focus on quality and value,” Ayala Land Chief Commercial Officer Mike Jugo said. “We are also seeing stronger interest from end-users, who are looking for the right location, the right product, and a community that can sustain its value over time.”
The company said residential reservations were concentrated in developments within its integrated townships. Ayala Land’s inventory management strategy forms part of its broader priorities, which include expanding recurring income from leasing and hospitality businesses and strengthening its balance sheet.
The developer reported an attributable net income of P17.5 billion for the first nine months of 2026, down 18.2 per cent from P21.4 billion in the same period last year. For the third quarter, attributable net income reached P6 billion.
Looking ahead, Ayala Land is preparing approximately P30 billion in potential residential project launches for 2027, primarily comprising horizontal developments outside Metro Manila. “Looking ahead, we see pockets of opportunity in the market. We have a pipeline of approximately P30 billion in potential launches planned for 2027, which gives us the flexibility to respond to market conditions and capitalise on opportunities as they emerge,” Ms. Dy said. The company also plans to introduce a horizontal residential development under its Avida brand within its Tarlac estate in November.
Meanwhile, Ayala Land said it had turned over approximately 8,000 residential units during the first nine months of the year. An additional 5,000 units are scheduled for turnover by December, bringing the developer’s planned deliveries to 13,000 units for the full year. Developments turned over during the year included Park Central Towers in Makati and Gardencourt Residences in Arca South. Parklinks North Tower is also scheduled for turnover before yearend, according to the company.
