We’ve seen a big increase of prime real estate in the Philippines recently. Many local developers build these projects and target foreign buyers aggressively.
In fact, nowadays developers often hire in-house sales persons to bypass estate agents. They have good connections with banks, property lawyers, and can sometimes even offer help with financing.
That said, it’s important that you get a good knowledge about local property developers beforehand, before buying off-plan. Late completions and quality issues are just a couple of problems you might come across if not doing enough research.
In this article, I’ve listed some of the biggest and most popular property developers in the Philippines.
1. Ayala Land, Inc.
Ayala Land, Inc. is one of the biggest real estate developers in the Philippines, with its headquarter located in the famous business district, Makati.
It’s a real estate division of Ayala Corporation, which is a century-old company, but have operated independently since 1988. So, they have a long history and experience under their belt.
In 2016, it was the second largest developer in terms of yearly revenue and its net income reached around PHP 21 billion (USD 400 million). That’s a 15% increase compared to 2015.
Ayala Land is involved in land bank management, build and manage shopping centers, hotels, and resorts.
Maybe most importantly, they also build plenty of residential buildings, focusing on condominiums and housing projects.