Ayala Land, Ty realty firm to develop Biñan property

MANILA, Philippines–Property giant Ayala Land Inc. (ALI) is teaming up with the Ty family’s Federal Land Inc. to develop a 45-hectare property in Biñan, Laguna, into a master-planned residential community.

The project, to be undertaken by Ayala Land unit Alveo Land Corp., is the latest venture of ALI, which has executed similar deals for most of its large-scale developments outside Makati City. The filing was made on Thursday by Federal Land owner GT Capital Holdings Inc., the holding company of tycoon George S.K. Ty.

“Through this strategic partnership with Alveo, we look to deepen our involvement in horizontal property development, inasmuch as the historical focus of Federal Land was mostly on high-rise condominium projects,” Federal Land president Alfred V. Ty said in the statement.

“In tandem with Alveo’s proven expertise and track record, we expect to provide much-needed quality homes in a secure, well-planned and efficient community that will benefit not only the City of Biñan but other nearby areas of Southern Luzon as well,” he added.

Based on the statement, the property is located along Laguna Boulevard in Biñan, a first-class component city of Laguna province, south of Metro Manila.

Apart from its access to the central business district of Makati City via the South Metro Manila Skyway and the South Luzon Expressway, GT Capital cited the land’s proximity to the De La Salle University Science and Technology Complex and the Ayala Laguna Technopark.

In addition, the property is only a few kilometers away from the planned Laguna Boulevard interchange of the proposed Cavite-Laguna Expressway and is in the general vicinity of Ayala Land’s Ayala Westgrove Heights and Nuvali projects.

Biñan hosts several large industrial parks and commercial establishments. Due to its proximity to the National Capital Region and the presence of major subdivisions, the city might be considered a suburban residential community of Metro Manila, GT Capital said.